Laser Photonics Announces It Is Transitioning Into a Parent-Subsidiary Structure
November 26 2024 - 7:00AM
Business Wire
Laser Photonics Corporation (NASDAQ: LASE) (“LPC”), a leading
global developer of industrial laser systems for cleaning and other
material processing applications, announced today that it will
officially be transitioning into an Operational Holding Company
with wholly-owned subsidiaries under the name “LASE Holdings.” LASE
Holdings will be based out of a corporate office in Lake Mary,
Florida.
In connection with the recent acquisition of Control Micro
Systems, Inc. by LPC, the company is starting to undergo a
reorganization into targeted market divisions. This move supports
LPC’s broad diversification strategy, expanding into traditional
markets and targeting high-growth sectors to unlock greater
opportunities and enhance resilience. The projected subsidiaries
under LASE Holdings are Laser Photonics, CMS Laser, Control Micro
Systems, LP Semiconductor, 3D AXS and LP Media Group. Markets of
focus are: eco-friendly laser cleaning, industrial material
processing, medical & pharmaceutical systems, semiconductor and
flat-panel display processing systems, additive manufacturing,
full-service marketing agency and government and defense laser
systems.
“Laser Photonics Corporation will be elevated to a holding
company without any effect on existing shareholders,” said John
Armstrong, Executive Vice President of LASE Holdings. “We have
started with the initial phases of the transition and are expecting
that it will be completed during the first quarter of 2025, and we
look forward to continue adding innovative solutions to our product
offering as we work toward creating an operation that offers the
largest selection of laser systems in North America.”
The planned reorganization is poised to contribute to growing
shareholder value as it is expected to strengthen LPC’s financial
performance and foster greater resilience in evolving markets.
Leveraging extensive expertise in bringing innovative laser
technology from concept to revenue-generating industrial products,
LASE Holdings is ready to drive long-term value by improving
profitability, expanding market share, and elevating the company’s
reputation in key sectors.
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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241126298277/en/
Hayden IR (346) 396-8696 laser@haydenir.com
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