Laser Photonics Corporation (NASDAQ: LASE) is engaged as a vertically-integrated manufacturer and distributor of industrial laser technologies as a disruptive alternative to the $46 billion traditional abrasives blasting markets. Shares of laser technology company are surging 52% through early trading on Tuesday, October 11, 2022. Over the past three months, Laser Photonics has seen average daily volume of 1.82 million shares. However, volume of 34.01 million shares or dollar volume of around $95.91 million, has already exchanged hands through early trading.
Shares of Laser Photonics are soaring after the company announced it has received a purchase order from the U.S. Navy for the company’s LPC-1000CTH CleanTech Laser Blasting System with an integrated water chiller, which will be used for maintenance & repairs for the Navy’s submarine fleet.
The Cleantech LPC-1000CTH is a handheld laser cleaner with a 1000-watt power output. The laser is a high-performance, industrial-grade laser cleaning tool that is designed to provide level laser cleaning and surface treating. The device is ideal for medium-sized surface areas that require delicate cleaning, de-painting, and more.
Using its touch screen, the device’s microprocessor can be controlled without the use of a PC. The device is instantly ready the moment it is turned on. The LPC-1000CTH can also be integrated with industrial robotic systems and placed within safety work cells with interlocks to maintain full compliance with OSHA and the FDA CDRH as a Class IV Laser System.
Wayne Tupuola, Chief Executive Officer of Laser Photonics, commented: “We believe the U.S. Navy can benefit significantly from our CleanTech Laser Blasting systems in its $22 billion annual fight to control corrosion across the fleet. This unit will allow the Navy to develop standard operating procedures and processes for using CleanTech Laser Blasting systems for corrosion control. Over time, we hope to expand on this initial order as the U.S. Navy realizes our technology’s health, safety and efficiency benefits.”
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