Laser Photonics Announces Corporate Update

About this update from Laser Photonics Corporation

Company Provides a Temporary Leadership Transition Update and Highlights Continued Momentum Across Its Defense and Industrial Programs ORLANDO, FL / ACCESS Newswire / June 29, 2026 / Laser Photonics Corporation (NASDAQ:LASE) and the LASE Group of Companies ("Laser Photonics" or the "Company"), a global leader in laser systems for industrial and defense applications, today provided a corporate update for shareholders covering a temporary leadership transition and the Company's continued execution across its defense and industrial growth initiatives. Building on more than four decades of domestic laser engineering, Laser Photonics is entering the second half of 2026 with a strengthened balance sheet, expanding defense engagement, and a deepening commercial pipeline. The following update consolidates recent developments to give shareholders a clear view of the Company's leadership, operations, and near-term priorities. Defense Programs and Technology Progress The Company continues to advance its Laser Shield Anti-Drone System (LSAD), a transportable directed-energy counter-unmanned aerial system developed with affiliate Fonon Technologies. The LSAD was recently selected by the U.S. Department of War under the MEIA "Vulcan" Call for Solutions as a top submission in the Counter-C5ISR-T category, earning an invitation to a technical exchange with government engineers. The platform also drew strong engagement at SOF Week 2026, where Fonon Technologies and Laser Photonics were selected for the event's Accelerator Alley, generating follow-on discussions across U.S. and allied defense channels. The Company is developing a range of products covering laser dazzlers, directed-energy weapon systems, self-propelled all-terrain crawler-based systems for ease of deployment, and autonomous crawler platforms, and is evaluating the feasibility of laser demining systems. Laser Photonics is currently executing final prototype assembly and developing two complementary LSAD product lines: a globally sourced configuration to support allied partners and a TAA-compliant, non-foreign-sourced configuration for sensitive U.S. applications. Alongside its directed-energy work, the Company, together with Fonon Technologies, has launched a family of DefensTech™ laser systems for military maintenance, repair, and overhaul (MRO) and logistics. This includes the Missile Laser Rust Inhibitor ...

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