Laser
Photonics Completes Order for U.S. Navy
Orlando,
FL October
20, 2022 -- InvestorsHub NewsWire -- Laser
Photonics Corporation (NASDAQ: LASE), ("LPC"), a leading global industrial
developer of Cleantech laser systems for laser cleaning and other
materials applications, today announced the delivery of the
CleanTech Handheld LPC-1000CTH to the U.S. Navy Kingsbay Trident
Re-fit Facility, announced on October 11, 2022.
Wayne Tupuola, chief executive
officer of Laser Photonics, commented: "We announced last week the
latest sale of our CleanTech Laser Blasting Technology to the U.S.
Navy, which has now been delivered. Including this sale, we have
now sold eight systems for a total of $750,000 to the Fairchild and
Hurburt Airforce Bases, the Army depot/supply core, the Navy
Special Warfare Group, SOCOM (2 systems) and the Department of
Veteran Affairs over the past 18 months.
"These initial units are being
used to develop standard operating procedures and processes, and
once developed, we expect to see follow-on purchases from each
buyer. In addition, we are continually working to penetrate new
parts of the U.S. government, including the DoD, to demonstrate the
safety, hazard, efficiency and financial benefits of using our
technology to drive sales to new customers within the
organizations."
Cautionary
Note Concerning Forward-Looking Statements
This press release contains
"forward-looking statements" (within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended), including statements
regarding the Company's plans, prospects, potential results and use
of proceeds. These statements are based on current expectations as
of the date of this press release and involve a number of risks and
uncertainties, which may cause results and uses of proceeds to
differ materially from those indicated by these forward-looking
statements. These risks include, without limitation, those
described under the caption "Risk Factors" in the Registration
Statement. Any reader of this press release is cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company
undertakes no obligation to revise or update any forward-looking
statements to reflect events or circumstances after the date of
this press release except as required by applicable laws or
regulations.
About Laser
Photonics Corporation
Laser Photonics is a
vertically-integrated manufacturer and R&D Center of Excellence
for industrial laser technologies and systems. LPC seeks to disrupt
the $46 billion, centuries old, sand and abrasives blasting
markets, focusing on surface cleaning, rust removal, corrosion
control, de-painting and other laser-based industrial applications.
LPC's new generation of leading-edge laser blasting technologies
and equipment also addresses the numerous health, safety,
environmental, and regulatory issues associated with the old
methods. As a result, LPC has quickly gained a reputation as an
industry leader for industrial laser systems with a brand that
stands for quality, technology and product innovation. Currently,
world-renowned and Fortune 1000 manufacturers in the aerospace,
automotive, defense, energy, industrial, maritime, space
exploration and shipbuilding industries are using LPC's
"unique-to-industry" systems. For more information, visit
www.laserphotonics.com.
Laser Photonics Investor
Relations Contact:
Brian Siegel, IRC®,
M.B.A.
Senior Managing
Director
Hayden IR
(346) 396-8696
brian@haydenir.com