StockNews.AI
LASE
StockNews.AI
222 days

Laser Photonics To Deliver Repeat Order of CleanTech System to Acuren

1. Laser Photonics receives a significant order from Acuren for CTIR-3050. 2. CTIR-3050 is designed for efficient surface preparation in various industrial applications. 3. Laser Photonics targets the $46 billion market of abrasive blasting alternatives. 4. The company's technology addresses health and safety issues in traditional methods.

6m saved
Insight
Article

FAQ

Why Bullish?

The significant order indicates solid demand for LASE's products, supporting potential revenue growth.

How important is it?

The article highlights a major contract that could enhance LASE's financial outlook.

Why Short Term?

Immediate revenue from the order will likely positively influence LASE’s stock in the near term.

Related Companies

LASEACU
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, proudly announces today the completion of another significant order from Acuren, a top provider of asset protection services through engineering consulting and nondestructive testing (NDT). “We are thrilled to see Acuren as a returning customer,” said John Armstrong, LPC’s Executive Vice President. “We take pride in being a trusted provider of advanced laser technology for surface preparation in the nondestructive testing sector. Laser Photonics is looking forward to further this collaboration and deliver exceptional value.” LPC is set to deliver an additional CleanTech Industrial Roughening Laser 3050 (CTIR-3050) to Acuren, one of the world’s largest inspection service providers, offering a wide range of NDT solutions, including radiographic and ultrasonic testing, ground-penetrating radar, infrared thermography, and rope access technology (RAT). The company serves various industrial markets, including chemical, pipelines, refineries, power generation, automotive, aerospace, mining, manufacturing, renewable energy and paper production. The CTIR-3050 is LPC’s high-performance industrial roughening laser system with a continuous wave fiber laser and dual axis technology for expedited surface preparation. Laser processing presents a clean alternative to abrasive and chemical treatment of various materials across a wide range of applications. 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 Acuren Acuren is a leading North American provider of critical asset integrity services. Acuren provides mission critical, government-mandated, nondestructive testing, inspection and engineering & lab testing services across a variety of industrial end markets. Acuren operates across three service lines: Nondestructive Testing (NDT), Rope Access Technician Solutions (RAT) and Engineering and Lab Testing. NDT offerings include breadth of nondestructive testing services including conventional, advanced and tech-enabled NDT. RAT offerings include a full suite of rope access technician offerings including inspection, repair and specialty craft services. Engineering and Lab Testing offerings include materials engineering and destructive lab testing services. 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 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.

Related News