FAST - Laser Photonics (NASDAQ: LASE) H1 Milestones Update: Expanded And Upgraded Product Offering Deepened Partnerships Successful Anti-Drone Laser Tech Testing And More | Benzinga
From product launches to partnerships, it's been a busy first half of the year for Laser Photonics (NASDAQ:LASE), a developer of cutting-edge laser technology that's turning the centuries-old sand and abrasives blasting markets on their head.
"In the first half of this year, Laser Photonics has made some remarkable accomplishments that have positioned us for continued success," said Wayne Tupuola, CEO of Laser Photonics, in an update for shareholders. "We have expanded and upgraded our product offerings, deepened our partnership with key market players, and successfully concluded proof of concept testing for advanced laser-based anti-drone technology. These milestones underscore our commitment to long-term growth and innovation as a company.”
Innovating On The Product Front
Take product launches for starters. So far in 2024, LPC has rolled out advanced lasers for cleaning, cutting and even shooting down drones.
On the cleaning front, LPC recently launched its CleanTech next-generation laser system. Aimed at on-the-go applications, the new lasers include mobile connectivity for remote monitoring and control, a new compact form factor and a smart overheat protection feature for increased safety. LPC said the CleanTech Next-Generation Laser Systems are the world's most compact and portable Class I and Class IV systems in the market. Compact and portable lasers can be useful in many industries – including aviation, manufacturing and shipbuilding – to remove rust, grease, mold and other contaminants.
For cutting, LPC also rolled out the SaberTech next-generation laser system, which incorporates turbo piercing and cold-cutting technology alongside the company's existing laser-cutting technology to achieve what LPC says is precise, high-quality cuts during manufacturing and fabrication. The new technology minimizes the heat-affected zone on materials during cutting, making it ideal for several critical applications in aerospace, automotive, maritime and defense industries.
Rounding out the product launches in the first half of 2024, LPC enhanced its offering for the defense market and can now offer laser cleaning, marking and welding solutions customized for that market.
Inking Deals And Partnerships
Developing and rolling out new laser tech isn't the only thing LPC has been focused on – it’s also forging partnerships to build its ...