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Laser Photonics, Fonon Technologies and Boston Engineering Announce Next Phase of Strategic Partnership for Laser Cleaning-Enabled Robotic Crawlers

1. Laser Photonics unveils a robotic crawler for laser cleaning applications. 2. The technology targets the Navy's $23 billion corrosion issue effectively. 3. Collaboration improves efficiency and safety in defense maintenance operations. 4. Robotic crawler demonstrated at USS Missouri showcases advanced cleaning capabilities. 5. LPC is disrupting $46 billion abrasive blasting markets with innovative laser systems.

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Why Bullish?

The unveiling of new technology indicates significant growth potential, similar to past joint ventures that boosted stock prices.

How important is it?

The article highlights a major technological advancement, likely influencing LASE's future contracts and market position.

Why Long Term?

This technology could secure long-term contracts with defense sectors, similar to past innovations in the military space.

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LPCFONNBOST
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, together with its sibling company, Fonon Technologies, a marketing and systems integration provider of state-of-the-art laser technologies for material processing and defense infrastructures and Boston Engineering, a product design and engineering consulting company, today announced the public unveiling of a transformative laser cleaning-enabled robotic crawler alongside a visual concept of the technology. This breakthrough technology was demonstrated at the Pearl Harbor Naval Shipyard & Intermediate Maintenance Facility (PHNSY & IMF) Technology & Capabilities Demo on January 22, 2025. Bryan Lee, Vice President, Fonon Technologies commented: “Integrating advanced laser cleaning technology with Boston Engineering’s state-of-the-art robotic crawler offers a paradigm shift in addressing the Navy’s $23 billion annual corrosion challenge. This collaboration has the potential to bring unmatched efficiency, safety and precision to Naval maintenance, repair and overhaul (MRO) operations.” Mark Smithers, CTO and co-founder of Boston Engineering, added: “Our defense and maritime infrastructure sector is being pushed to leverage digital tools and advanced capabilities to maintain national security as well as global maritime leadership. Boston Engineering and its strategic partners are responding to the call to develop and transition capabilities. Integrating LPC’s and Fonon Technologies’ laser systems with our robotic crawler provides a powerful tool for optimizing all such MRO processes. We look forward to highlighting laser cleaning efficiency through this partnership.” The demonstration, held on the bow of the USS Battleship Missouri Memorial, highlighted Boston Engineering’s robotic crawler’s ability to autonomously scale ship hulls and structures to remove corrosion, clean surfaces and perform other material processing tasks with unparalleled precision. This innovative solution ensures safety, even in hazardous or hard-to-reach areas. By integrating cutting-edge laser systems from LPC and Fonon Technologies, the robotic crawler delivers a game-changing approach to surface preparation, cleaning, decontamination and restoration for professionals in the defense, maritime, shipbuilding and repair industries. For more information, visit LPC at https://www.laserphotonics.com, Fonon Technologies at https://www.fonon.us or Boston Engineering at https://www.boston-engineering.com. 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 an industry 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 aviation, aerospace, automotive, defense, energy, maritime, nuclear and space-exploration industries are using Laser Photonics’ “unique-to-industry” systems. For more information, visit https://www.laserphotonics.com. About Fonon Technologies Fonon Technologies is a diversified industrial laser equipment provider serving government organizations, all branches of the U.S. military, and defense contractors. Headed by a team with extensive expertise in military and naval operations, the company tackles the challenges of defense maintenance, repair, overhaul and protection with cutting-edge laser solutions. For more information, visit https://www.fonon.us. About Boston Engineering Boston Engineering provides product design and engineering consulting from concept development through commercialization. The company specializes in solving complex challenges in defense and security, medical devices, and commercial industries. Founded in 1995, Boston Engineering is certified to ISO 9001:2015 and ISO 13485:2016 standards. The company is headquartered in Waltham, Mass., and is online at www.boston-engineering.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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