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3日前
Laser Photonics Signs Definitive Agreement To Acquire Control Micro Systems
Acquisition to provide entry into the medical and pharmaceutical laser markets
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today announced it signed a definitive agreement to acquire Control Micro Systems, Inc. (CMS) through an asset purchase agreement (APA). The acquisition is expected to provide an opportunity for Laser Photonics to strategically broaden its market reach, engineering talent and technology portfolio. Terms of the deal were not disclosed.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031124381/en/
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Wayne Tupuola, CEO of Laser Photonics, commented:
"This acquisition will enable LPC to expand into the massive, growing pharmaceutical and medical manufacturing vertical, a recession-resistant sector with significant barriers to entry, while diversifying our business and providing us with a significant new market opportunity. CMS has worked with world-class pharmaceutical companies, delivering solutions that meet the industry's most stringent standards for both enabling controlled-release tablets and traceability of medications and packaging for compliance."
"We believe CMS is under-valued due to its lack of investment in sales and marketing over the past few years that will benefit from leveraging LPC’s existing sales and marketing infrastructure. LPC plans to unlock additional value through targeted marketing and customer engagement."
"In addition to focusing on expanded sales and marketing, we plan to hire all CMS’ existing workforce, including engineers and customer support personnel, who we believe will add significant value to our company. Upon closing the transaction, LPC is committed to ensuring a seamless transition for ALL existing CMS employees. Current CMS customers can also expect uninterrupted service and support during this transition."
Market Opportunity in Pharmaceutical and Medical Laser Solutions
The pharmaceutical market for controlled-release medications is expanding rapidly, driven by the growing need for more effective and patient-friendly drug delivery systems. Controlled-release tablets, which gradually release medication over time, require precision manufacturing techniques to ensure the proper dosage and timing of active ingredient release. Laser technology plays a critical role in creating micro-drilled apertures in these tablets, ensuring accurate and consistent drug release.
With global pharmaceutical companies focusing on enhancing drug delivery mechanisms, the demand for laser-based solutions like those provided by CMS is expected to rise. CMS’ experience in supplying laser systems to pharmaceutical companies, coupled with Laser Photonics' sales and marketing expertise, positions LPC to take full advantage of this growing market segment.
Additionally, regulatory bodies, including the FDA, are enforcing stricter serialization and traceability requirements, creating opportunities for laser marking systems to become essential in ensuring compliance. Lasers can precisely mark packaging with batch numbers, expiration dates and unique identifiers, helping pharmaceutical companies meet global standards for product safety and anti-counterfeiting measures.
CMS Products and Technologies
CMS has a well-established reputation for delivering precision laser solutions to the pharmaceutical industry, particularly for controlled-release tablet production and packaging compliance. Its laser drilling systems are critical for creating microscopic apertures in tablets, allowing for precise control over drug release rates. This technology is essential for the manufacturing of medications that require gradual, timed release of active ingredients, ensuring improved patient adherence and therapeutic effectiveness.
Additionally, CMS’s advanced laser marking systems are integral to pharmaceutical traceability. These systems enable precise, high-speed marking of batch numbers, expiration dates and unique product identifiers on both medications and packaging, ensuring compliance with global regulations such as those from the FDA and GMP. Laser marking plays a crucial role in preventing counterfeiting, safeguarding patient safety and maintaining the integrity of the pharmaceutical supply chain.
CMS also brings cutting-edge ultrafast laser technologies that enable non-contact processing of sensitive pharmaceutical materials, such as micro-components used in drug delivery systems. These systems reduce material waste and ensure the highest quality standards in production by offering unmatched precision without damaging delicate materials.
Diversification into a Recession-Resistant Vertical
This strategic acquisition expands Laser Photonics' technological capabilities while adding a recession-resistant vertical to its business portfolio. The pharmaceutical industry, driven by constant medical demand, is less vulnerable to economic downturns, providing a stable revenue stream for LPC. The growing demand for controlled-release medications and the increasing need for precision laser solutions in pharmaceutical manufacturing further position LPC for long-term growth.
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics 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. Laser Photonics’ new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental and regulatory issues associated with old methods. As a result, Laser Photonics has quickly gained a reputation as a leader in 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, maritime, nuclear, and space industries are using Laser Photonics’ unique-to-industry systems. For more information, visit https://www.laserphotonics.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations as of the date of this press release and involve risks and uncertainties that may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. We encourage readers to review the “Risk Factors” in our Registration Statement for a comprehensive
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1週前
Laser Photonics to Showcase Its Next-Generation Maritime Laser Solutions at the Upcoming Fort Lauderdale International Boat Show
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global industrial developer of CleanTech systems for laser cleaning and other material applications, today announced that it is hosting a booth at this year's Fort Lauderdale International Boat Show (FLIBS). Owned by the Marine Industries Association of South Florida (MIASF) and produced by Informa Markets, FLIBS is recognized as the largest in-water boat show in the world.
A conference and expo for vessel owners, operators and builders, as well as the vendors and suppliers that serve them, FLIBS spans nearly 90 acres across three million square feet of exhibit space that is connected by an intricate network of water and ground transportation services. The five-day show typically attracts over 100,000 attendees (with almost half from outside of Florida) and 1,000 exhibitors representing 52 countries with more than 1,000 vessels on display, including the industry's latest boats and yachts of all sizes.
"Attendance at the Fort Lauderdale International Boat Show gives us a great opportunity to present our innovative products to boat manufacturers and decision-makers in the industry," said Wayne Tupuola, CEO of Laser Photonics. "We look forward to showing to attendees just how much they can benefit from adopting our technology for applications like rust and corrosion removal, metal cutting, welding and more."
Laser Photonics is encouraging attendees to visit their booth to learn about the company's Marine Professional Portable Finishing Laser 1010 (MLPF-1010), a laser cleaning product developed for the maritime and boat manufacturing industry.
What: Fort Lauderdale International Boat Show 2024
When: October 30 – November 3, 2024
Where: Booth 667A at 801 Seabreeze Boulevard, Fort Lauderdale, Fla, 33316
CleanTech Laser Cleaning Technology
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2週前
Add this to the PR collection:
Laser Photonics Lands Sale With Thermodyne Powder Coating
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today announced the sale of its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Powder Coating, a top provider of powder coating services in Florida that serves hotels, resorts, marinas, boatyards, homeowner associations, condominium complexes and the auto restoration industry.
LPC is to deliver its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Thermodyne Power Coating in a sale that marks the beginning of the two companies’ relationship. Thermodyne specializes in applying a custom-formulated powder coating that is baked to create a durable, protective and attractive finish. These powders, made from resin mixed with pigments, are melted at precise temperatures and cured into a tough, versatile coating. While not indestructible, powder coat finishes are stronger, thicker, and offer better coverage than most standard paints. The CTIR-3050 will be used at Thermodyne’s facility to streamline and enhance pretreatment processes.
Thermodyne works with companies in a number of industries, especially those in the maritime sector. Coastal regions like Florida present harsh conditions for marine craft and structures due to saltwater, sun and air. Thermodyne’s marine-grade powder coating protects parts, boats, docks and structures from corrosion while preserving their appearance.
“Pretreatment is crucial for successful powder coating,” stated Wayne Tupuola, CEO of LPC. “We are delighted to provide Thermodyne with our sustainable and efficient laser cleaning technology to help them streamline pretreatment processes, particularly corrosion removal. Our technologies and corporate values align perfectly with Thermodyne’s goals to enhance safety and protect assets for their customers and within their own operations.”
This sale strengthens LPC’s presence in Florida, increasing brand recognition among coating industry professionals and opening new business opportunities. The CTIR-3050 is LPC’s most powerful handheld laser system, offering top speed and efficiency for heavy-duty surface treatment applications.
For more information, visit Laser Photonics at https://laserphotonics.com/.
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2週前
Laser Photonics Announces Successful Exhibition Booth at FabTech 2024
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global industrial developer of laser systems for laser cleaning and other material processing applications, is excited to announce a successful year of attendance at the FABTECH 2024 tradeshow that took place from October 15 to 17.
The event resulted in Laser Photonics generating 137 new leads from fabricators, metal formers, welding managers, finishing managers and business owners from industries around the world. During the show, Laser Photonics demonstrated two of its industrial-grade semi-automated systems for roughening, conditioning and finishing: the CleanTech Robotic Cell (CTIR-6040) and the Class I CleanTech MegaCenter (CTIR-5040).
This was the first time the two laser systems were brought to a tradeshow by LPC, and both proved to be popular among booth visitors who got to see the technology in person. LPC also showcased its MarkStar 20-MSH-Pro marking solution.
"The significant interest we garnered in our new systems at FABTECH this year is a testament to our continuing growth and the success of our solutions," said Wayne Tupuola, CEO of Laser Photonics. "We are thrilled to continue introducing our laser systems to industry professionals as we participate in more trade shows in the future."
FABTECH is North America's largest metal forming, fabrication, welding and finishing event. This year's event attracted not only attendees from Florida's flourishing manufacturing industry but also participants from around the globe, offering LPC access to a diverse and expansive audience.
Laser Photonics continues to supply world-renowned and Fortune 1000 companies with cost-effective, time-efficient and operator-safe laser systems. For more information, visit Laser Photonics at https://laserphotonics.com/.
CleanTech Laser Cleaning Technology
CleanTech Laser Cleaning products by Laser Photonics provide industry professionals with eco-friendly, cost-effective and time-efficient systems that are utilized for industrial cleaning. Applications include rust removal, paint removal, surface preparation and more. This technology is an excellent alternative to traditional cleaning methods like sandblasting, dry ice blasting and other abrasive blasting techniques.
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2週前
Laser Photonics Scores Dual Follow-On Sale to NDT Leader Acuren
Leading Nondestructive Testing Company Now a Repeat Client of LPC
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that it has completed a dual follow-on sale to Acuren, a leading provider of asset protection services through nondestructive testing (NDT) and consulting.
LPC is to deliver two additional CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems to the Sarnia, Ontario-based operations of Acuren in Canada. The CTIR-3050 is LPC’s most powerful handheld laser system, offering top speed and efficiency for heavy-duty surface preparation.
“We are delighted to welcome Acuren back as a valued customer,” said Wayne Tupuola, CEO of LPC. “Our laser cleaning systems consistently demonstrate exceptional effectiveness across diverse applications, and awareness of their benefits is steadily rising. In the nondestructive testing market, they are a proven tool for safeguarding critical infrastructures.”
Acuren is one of the world’s largest inspection services companies, offering a broad spectrum of NDT solutions. These include radiographic and ultrasonic testing, ground penetrating radar, infrared thermography and rope access technology (RAT). Acuren serves industrial markets, most notably chemical, nuclear power, pipelines, refineries, power generation, oil, automotive, aerospace, mining, manufacturing, renewable energy and paper production.
This swift supplemental sale increases LPC’s recognizability amongst industry professionals, strengthens the company’s expanding presence in North America, and opens new business opportunities.
For more information, visit Laser Photonics at https://laserphotonics.com/.
subslover
2週前
FLUFF DID NOT DO THE TRICK TODAY!
Laser Photonics To Join Brokk Australia at IMARC 2024 in Sydney
Showcasing Cutting-Edge Laser Solutions For Global Mining Industry
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for laser cleaning and other material processing applications, is to join Brokk Australia at the International Mining and Resources Conference (IMARC), a top forum for critical discussions and innovation across the global mining and resources sector.
In its 11th year, Australia's largest mining event, IMARC 2024, prepares to open its doors to more than 9,000 attendees from 120 countries at the ICC Sydney Convention Center from October 29 to 31. This year, LPC and Brokk Australia will be among over 500 companies showcasing their innovations on the conference floor, which spans an impressive 215,300 square feet.
The joint participation follows the collaboration between LPC and Brokk Australia to bring laser cleaning and cutting technology to the mining, tunneling, construction, metal processing and military ecosystems in Australia, New Zealand and throughout the Asia-Pacific region. Together with Fonon Technologies, LPC is also working with Brokk US on the integration of laser cleaning and cutting technology into remote-controlled robots.
Fonon Technologies is a laser-based development and worldwide manufacturing and systems integration company for state-of-the-art components and material processing equipment specifically produced to meet the stringent requirements of government organizations, as well as all branches of the U.S. military and defense contractors.
"We are excited to be able to participate at this event in the coming weeks. Fonon Technologies can significantly help industry professionals optimize maintenance processes, streamline operations, and move toward more eco-friendly and sustainable practices." said Fonon Technologies Vice President Bryan Lee, "Partnering with an industry-leading giant like Brokk at IMARC magnifies the impact of our collaborative efforts and highlights our ability to bring groundbreaking technology to industries worldwide."
Managing Director of Brokk Australia Ptd Ltd, Will Visser, commented: "Brokk Australia is always excited to exhibit at IMARC. This forum serves as one of the premier meeting grounds and collaboration hotspots for professionals in the global mining industry. It provides us with an ideal platform to boost the visibility of our game-changing, globally tested, and automated solutions. Adding LPC as a fellow participant at this year's IMARC will only help to further illustrate our growing impact in the industry."
The theme of IMARC 2024 is "Accelerating the Critical and Responsible Pathway to Net Zero." The conference will cover various aspects of the mining value chain, including investment strategies, decarbonization strategies, commercialization and applications of innovative technologies. At IMARC, LPC will present a selection of its laser cleaning systems, including its compact laser cleaning system, the Marlin Professional Portable Finishing Laser 1010. This dual-axis, air-cooled pulsed laser system offers a small form factor and mobility ideal for immediate MRO tasks in the field.
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics 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. Laser Photonics’ new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental and regulatory issues associated with old methods. As a result, Laser Photonics quickly gained a reputation as an industry leader in industrial laser systems with a brand that stands for quality, technology and product innovation. World-renowned and Fortune 1000 manufacturers in aerospace,
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