Business
Laser Photonics Announces Move to New 50,000 sq. ft. Facility to Accommodate Growth and Innovation
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and
About this update from Laser Photonics Corporation
[{"type":"text","content":" ORLANDO, Fla.--(BUSINESS WIRE)--\nLaser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced its expansion into a new 50,000-square-foot facility to support its growing operations and commitment to technological advancements. The company has officially moved into the building. The new facility will house office space for the company's sales and marketing department, as well as the engineering and R&D departments that will spearhead the development of new additive manufacturing technology and systems that will cater to the semiconductor industry in addition to the Laser Shield Anti-Drone System (LSAD) that is in development.\n\nThis strategic move comes as part of Laser Photonics' long-term growth plan. Over the next three years, the company aims to hire approximately 150 new employees, with a focus on talent in engineering, research, sales and marketing, to accelerate innovation and diversify its product and technology portfolio, thereby opening up new avenues for growth.\n\n\"Our new facility will not only provide the physical space we need to grow but also foster a collaborative environment that will drive the next generation of Laser Photonics products,\" said Wayne Tupuola, CEO at Laser Photonics. \"We're excited about the opportunities this move presents, as it aligns with our vision to expand our product offerings in key high-growth sectors like additive manufacturing and semiconductors while we develop and commercialize our potentially transformational LSAD.\"\n\nThe facility is designed to meet the demands of Laser Photonics' rapidly growing portfolio and will serve as a hub for breakthrough research, product development and collaboration with our customers.\n\nAbout Laser Photonics Corporation\n\nLaser 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 iss...