Laser Photonics $LASE stock is bouncing around like a hot-potato after the company announced explosive growth in sales leads.
Laser Photonics Announces Explosive Growth in Sales Leads Since IPO
On October 14, 2022, Laser Photonics Corporation $LASE, a leading global developer of Cleantech laser systems for laser cleaning and other materials applications, announced it is implementing an aggressive hiring campaign due to a sizeable increase in leads and inquiries.
James McQueen, recruiter for Laser Photonics, commented: “We are formulating a thorough plan to fill the sales roles. A stout salesforce is the backbone of any successful entity. With our multifaceted approach to building a top-quality sales team, we feel confident that this department will be more capable of handling our growing needs.”
The Company has seen a surge in inbound lead generation and plans to capitalize on this by expanding its sales resources. The goal is to accurately and efficiently help inquiring customers with their overall needs. Additionally, the Company plans to bring in senior sales leadership to develop best-in-class programs around the sales process and operations, technology, incentives and support.
In addition to sales, the Company also plans to invest in marketing, operations and engineering to drive continued growth.
Laser Photonics Announces Implementation of First CleanTech Handheld Laser Blasting System for The Coca-Cola Company
On October 13, 2022, Laser Photonics announced that the Coca-Cola Company recently completed the implementation of its first CleanTech Handheld Laser Blasting system in its manufacturing facilities.
Wayne Tupuola, chief executive officer of Laser Photonics, commented: “Coca-Cola’s use of our CleanTech Handheld Laser Blasting system in one of its many manufacturing plants is yet another proven use case for our technology. Our system allows them to reduce the preparation time and increase throughput speeds. Additionally, by removing corrosion from its plastic bottle molds, we are helping increase plastic bottle manufacturing yields and expanding the life of the molds used in this process. With our foot in the door, we can now focus on further penetrating similar and new use cases within the organization.”
The CleanTech Handheld LPC-50CTH Laser is an air-cooled pulse laser system, perfect for roughing and finishing nearly any surface. Super compact, the LPC-50CTH is designed as an entry-level laser cleaning and surface treatment system for small areas requiring delicate cleaning, de-painting, and other surface preparation operations. Microprocessor controlled and with no need for a PC, the system is instantly ready when the key is turned ON. The touch screen allows you to choose among five pre-designed cleaning patterns. The system’s heavy-duty industrial design is based on years of experience building Hand Held Lasers for marking and engraving applications.
Laser Photonics Receives Order From the US Navy for CleanTech Laser Blasting System for Submarine MRO
On October 11, 2022, Laser Photonics announced it received an order from the U.S. Navy for delivery this month of an LPC-1000CTH CleanTech Laser Blasting System with an integrated water chiller for submarine MRO (maintenance, repair and operations).
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.”
The CleanTech Handheld LPC-1000CTH is a 1000 watt handheld laser cleaner. This high-performance, industrial-grade, fast, precise, and incredibly productive laser cleaning tool is designed as a super-compact, Industrial Grade Professional level laser cleaning and surface treatment system for medium-sized areas requiring delicate cleaning, de-painting, and other surface preparation operations. Microprocessor-controlled and without the need for a PC, the system is instantly ready when the key is turned ON. The touch screen allows you to choose among the five pre-designed cleaning patterns – while using a water-cooled laser system. Heavy-duty industrial design is based on years of experience building Hand Held Lasers for marking and engraving applications. In addition, the LPC-1000CTH can be coupled with industrial robots and placed inside safety work cells with interlocks for full compliance with OSHA and FDA CDRH as Class IV Laser Systems.
Laser Photonics CEO comments on post-IPO stock performance
On October 10, 2022, Laser Photonics commented on its post-IPO stock performance. The shares began trading on September 30 on the Nasdaq Capital Market under the ticker symbol (LASE) with a float of 3M shares. LPC Management and ICT Investments are subject to a 180-day lockup that prevents them from selling stock, as are other insiders that bought stock as part of the IPO. Wayne Tupuola, chief executive officer of Laser Photonics, commented: “While I can only speculate about the share price performance since pricing the IPO, I know that our fundamentals are solid, with strong revenue growth and profits. I also know the management team did not sell a single share in the IPO and has not sold any shares in subsequent trading. Our IPO provided us with the necessary funding to execute the initial phases of our growth strategy to disrupt the corrosion control market with our line of CleanTech laser cleaning products. I believe the sheer size of the opportunity, the disruptive capability of our current products and those in development, and our ability to execute will create significant shareholder value over time for our current and prospective investors.”
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Laser Photonics $LASE Stock Technical Analysis
As the stock just IPO’d on September 30, 2022, we don’t yet have enough chart data to apply technical analysis.