Laser Photonics Corporation has recently reported it has received an order for the delivery of its DefenseTech MF-1020 portable handheld laser cleaning system, at a time where the company has been making key strides in its operations – in part due to the success of its CleanTech products.
What does the agreement look like?
Laser Photonics received the order through its distribution partner, Incredible Supply & Logistics (ISL), for the purchase of its DTMF-1020 portable finishing laser system, which will be deployed by a Navy command in the Virginia Beach area.
Laser Photonics will work in partnership with its sister company, Fonon Technologies, a subsidiary of Fonon Corporation, which is a laser-based manufacturing and systems integration firm, to deliver on the agreement.
Commenting on the new deal, Bryan Lee, Vice President of Fonon Technologies, said: “We partnered with ISL to deliver effective solutions to the U.S military, and this deal is a testament to that. This command required a powerful laser system with flexible voltage – both the 110/125V used in the U.S and the 220/240V for international use – to be mission-ready, globally. Our next-generation DTMF-1020 portable finishing laser was the best solution on the market.”
How does the laser cleaning system work?
The DTMF-1020 is a air-cooled finishing class handheld laser cleaning system – designed by Laser Photonics – that is equipped with dual axis technology to provide a non-abrasive cleaning process.
It is one of many defence laser cleaning systems offered by Laser Photonics that works by using the energy of a focused laser to break molecular bonds and vaporise unwanted materials on surfaces. This may include the non-contact removal of corrosion, residue, paint, and other substances, without damaging the underlying substrate.
Fonon Technologies claims that the system is: “safer, easier to use and more eco-friendly than legacy methods.” This may in part be due to the risks associated with traditional sandblasting approaches, such as silicosis – a long-term lung disease caused by inhaling large amounts of crystalline silica dust.
Laser Photonics also states its systems integrate extra security features, such as manual reset, a key-locked laser power switch, a remote interlock connector, and an exhaust outlet for fume extraction – all of which serve to enhance user safety.
Why are such CleanTech orders important for Laser Photonics?
While orders, such as the new naval agreement, serve to strengthen the reputation Laser Photonics holds across the market, they are also bringing valuable financial benefit, according to reporting on the firm’s sales performance.
Information from a press release shared by Investing.com stated: “Laser Photonics Corporation has been making significant strides in its operations. The company reported a notable +673% growth in its fourth-quarter revenue for 2023, reaching $0.8 million, primarily driven by robust sales in CleanTech products. Furthermore, the company managed to reduce its net losses from $3 million to $0.4 million.”
The benefit of CleanTech orders has also been flagged in the Q1 2024 report for Laser Photonics, where several deals were detailed among the business highlights. These included CleanTech contracts with the Pima Air & Space Museum; Sustainable Solutions; and Karavan Trailers.
In the report, Wayne Tupuola, CEO of Laser Photonics, also provided an update on the financial trajectory, saying: “Our first quarter generally showed positive momentum with +10% revenue growth and significant operating and net loss reductions. Despite CleanTech making up over 80% of sales, our gross margin was down from last year as we sold several lower power systems in the quarter.”
He continued: “Now that we’ve ramped our sales and marketing resources, our next priority is to refine our production processes and improve the cost efficiency of our manufacturing operations, which should drive improvements to our cost of goods sold in time.”
How is Laser Photonics looking to further support the market?
In September, Laser Photonics and Fonon Technologies will be co-hosting an exhibit booth at the American Society of Naval Engineers’ Fleet Maintenance & Modernization Symposium (FMMS) , where they will present a selection of their laser products from their portfolios and tap into further opportunities to provide support.
Speaking about FMMS, Wayne Tupuola, CEO of Laser Photonics, said: “Laser Photonics offers fleet modernisation and maintenance professionals its CleanTech and DefenseTech laser blasting systems as cutting-edge laser solutions for combating corrosion, a substantial challenge to naval systems.”
He continued: “This time, we’re joined at the FMMS by Fonon Technologies to harness its strong connections within the defence community. It’s a fantastic opportunity for us to showcase to naval professionals how our cutting-edge laser solutions can streamline their maintenance, repair and overhaul.”
