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Laser Photonics Lands Triple System Order From Global Petrochemical Company For Mexico Facility

1. Laser Photonics received a three-system order from Proman for new facility. 2. Systems will aid in removing rust during ammonia storage tank construction. 3. Partnership reflects commitment to safety and sustainability in the petrochemical sector. 4. LPC's technology is gaining traction in the energy sector for corrosion removal. 5. International sales expansion indicates growing brand recognition for LPC.

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FAQ

Why Bullish?

This strategic partnership could boost LASE's revenue and market position, similar to past contracts with larger firms that positively affected stock prices.

How important is it?

The order signifies growth and expansion, indicating a strong market position for LASE, likely to attract investor interest.

Why Long Term?

The partnership with Proman may lead to sustained revenue growth over time, akin to other strategic partnerships in the past that enhanced LASE's market presence.

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LASEPROMN
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 scored a three-system order for its CleanTech Industrial Roughening Laser Systems from Proman, a Switzerland-based global petrochemical producer, for its new Mexico facility. LPC will deliver two of its CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems and one of its CleanTech Industrial Roughening Laser 3040 ( CTIR -3040) systems to Proman, marking the beginning of the two companies’ relationship. All three units will be used to remove rust and corrosion during Proman’s construction of new anhydrous ammonia storage tanks. The CTIR -3050 and CTIR-3040 are powerful handheld laser systems, offering top speeds and efficiency for heavy-duty surface treatment applications. Proman is promoting the methanol and hydrogen economies, pioneering future uses of ammonia and methanol, and continuously seeking greener fuel solutions for transportation and power generation. A strong safety culture is at the heart of all its operations. Proman’s approach to environmental protection mirrors its safety approach. John Armstrong, Executive Vice President of Laser Photonics, stated, “LPC is thrilled that Proman, driven by their commitment to safety and environmental sustainability, recognizes the value of our cutting-edge laser cleaning technology. This partnership highlights our dedication to providing solutions that enhance safety and efficiency in industrial applications. Our CTIR-3040 and CTIR-3050 systems are ideal for meeting the stringent demands of the petrochemical industry, and we are confident they will greatly enhance Proman’s operations. Together, we are setting new benchmarks for corrosion removal and surface treatment, paving the way for a safer and more sustainable future.” LPC’s laser ablation technology, an innovative method to remove corrosion, is increasingly being adopted in the energy sector. For the oil and gas industry, it provides a safe, sustainable, and efficient method to remove rust from critical equipment and infrastructure, restoring integrity, reducing the risk of leaks, and ensuring uninterrupted functionality. This sale strengthens LPC’s expanding international presence. While the company continues to prioritize North America as its primary market, the increasing share of overseas sales highlights its expanding brand recognition and opens up new opportunities for attracting a broader customer base. By tapping into diverse markets, LPC can leverage new partnerships, adapt to varying industry needs, and drive further innovation. The company’s commitment to sustainability and providing cutting-edge solutions resonates with clients worldwide, paving the way for sustained growth and success on a global scale. For more information about the CleanTech line of laser cleaning systems, visit https://laserphotonics.com/laser-cleaning. 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. About Proman Proman is a multi-asset, diversified producer of natural gas-derived products, including methanol, ammonia, and melamine. The company operates production, sale, and distribution facilities in Trinidad and Tobago, the United States, and Oman, and is currently expanding into Mexico. Proman’s fully integrated business approach encompasses the entire value chain, from development through to operations and logistics. 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 their Registration Statement for a comprehensive understanding. Laser Photonics Corp. undertakes no obligation to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances after the date of this press release.

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