We were formed under the laws of Wyoming on November 8, 2019. We changed our domicile to Delaware on March 5, 2021. We are a vertically integrated manufacturing company for photonics-based industrial products and solutions, primarily disruptive laser cleaning technologies. We are pioneering a new generation of laser blasting technologies focused on disrupting the sandblasting and abrasives blasting markets. We offer a full portfolio of integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding, laser cleaning and surface conditioning. Our solutions span use cases throughout product lifecycles, from product fabrication to maintenance and repair, as well as aftermarket operations. Our laser blasting solutions are applicable in every industry dealing with materials processing, including automotive, aerospace, healthcare, consumer products, shipbuilding, aerospace, heavy industry, machine manufacturing, nuclear maintenance and de-commissioning and surface coating. We initiated our sales effort in December 2019. By December 31, 2021, we had net revenues of $4,190,709. We sell our laser cleaning equipment products globally to end users, and principally to Fortune 1000 companies, as well as to agencies of the U.S. Government, including three branches of the U.S. military. For 2021 approximately 22% of our net revenues was from the U.S. Government, either as a prime contractor or as a subcontractor to a prime contractor, we have entered into both our standard purchase orders with the U.S. Government for equipment that we manufacture which state that such purchase orders are not cancellable and standard U.S. Government equipment purchase contracts that allow the U.S. Government to cancel for convenience. Our vertically integrated operations allow us to reduce development and advanced laser equipment manufacturing time, offer better prices, control quality and protect our proprietary knowhow and technology compared to other laser cleaning companies and companies with competing technologies. We market our products globally through our direct sales force which is located in the United States. We have an exclusive license agreement with ICT Investments, LLC (“ICT Investments”). Under the terms of the exclusive license agreement, we have a perpetual, worldwide, exclusive license to sell the Laser Photonics™ branded equipment for laser cleaning and rust removal. ICT Investments currently owns approximately 96% of the outstanding shares of our common stock and upon completion of this offering will own approximately 60% of our common stock and the voting power to decide all matters submitted to a vote of our shareholders, including the election of our directors. Through our affiliation with ICT Investments, its portfolio companies and their customers, we have access to more than 1,500 high profile Fortune 5000 customer prospects as well as recognition as a global leader in manufacturing premium laser equipment. In addition, through the expertise and reputation of our officers, Board members and advisors, we have the foundation of our technologically advanced, disruptive laser systems specifically suited for most material processes with specific cleaning requirements and challenges. Our principal executive offices are located at 1101 N. Keller Rd., Suite G, Orlando, Florida.
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Here are 1-3 brief analogies to describe Laser Photonics (LASE):
- It's like **Fanuc (OTC:FANUY)** for laser systems, providing high-power laser tools for industrial automation and manufacturing processes like cleaning, cutting, and marking.
- Imagine a highly specialized, high-tech division of **Honeywell (HON)**, exclusively focused on developing and manufacturing advanced industrial laser systems for material processing.
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- CleanTech Laser Cleaning Systems: Industrial laser systems designed for removing rust, paint, coatings, and contaminants from various surfaces.
- WeldTech Laser Welding Systems: High-precision laser systems used for welding metals, offering fast, strong, and clean welds in various industrial applications.
- CutTech Laser Cutting Systems: Industrial laser machines utilized for precise and efficient cutting of various materials, including metals, plastics, and composites.
- MarkTech Laser Marking & Engraving Systems: Laser systems designed for permanent marking, engraving, and etching of text, logos, and barcodes on a wide range of materials.
- 3D Metal Printers: Industrial machines that use laser technology to build complex metal parts layer by layer from powdered metal, suitable for additive manufacturing.
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Laser Photonics (LASE) primarily sells its industrial laser systems to other companies (B2B) across a wide range of industries, rather than directly to individuals. Their products, such as laser cleaning, cutting, welding, and marking systems, are used in manufacturing and industrial applications.
Based on their SEC filings (e.g., Form 10-K) and press releases, Laser Photonics does not disclose specific major customer names. Their Form 10-K for the fiscal year ended December 31, 2022, states that no single customer accounted for more than 10% of their total revenues, indicating a diversified customer base with no dominant major customer requiring public disclosure.
While specific customer company names are not publicly identified, Laser Photonics frequently announces sales to various types of entities. These customer categories include:
- Defense Contractors and Government Entities: Laser Photonics has announced sales to entities such as the U.S. Navy Shipyard, the United States Air Force, and unnamed "leading North American Defense Contractors."
- Automotive Industry Manufacturers and Suppliers: The company frequently sells to "leading global suppliers for the automotive industry," "global manufacturers of automotive seating and e-systems," and "global automotive Tier 1 suppliers."
- Heavy Industrial and General Manufacturing Companies: Their customer base includes companies in various heavy industries, such as aerospace, energy, marine, and general manufacturing, including "the world's largest manufacturer of elevators and escalators" and "leading global providers of industrial automation solutions."
Due to the company's policy of not publicly naming specific customer companies and the diversified nature of their revenue, it is not possible to list specific major customer companies with their symbols.
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Wayne Tupuola, President, Chief Executive Officer and Chairman of the Board
Mr. Tupuola serves as the President, Chief Executive Officer, and Chairman of the Board for Laser Photonics. He joined an affiliate of ICT Investments as Vice President of Operations in January 2007 and then joined Laser Photonics in November 2019. With over 15 years of C-level management experience in manufacturing operations and more than 24 years of hands-on experience, his background spans the semiconductor, aerospace, food & beverage, and commercial industries, including roles at Sumitomo Corp, ON Semiconductor Corp, and Thermo-Electron. From September 2015 to December 2015, he was a Director and Vice President of Operations for Fonon Corporation, an affiliate of Laser Photonics and one of ICT Investment's portfolio companies. He previously acted as an Industrial Consultant for Florida high-tech companies from January 2014 to May 2015. Mr. Tupuola oversees all manufacturing and day-to-day business operations of Laser Photonics.
Carlos S. Sardinas, Chief Financial Officer and Principal Accounting Officer
Mr. Sardinas brings over 15 years of experience in both the private and public sectors to his role as Chief Financial Officer and Principal Accounting Officer. He has a strong background in leading and managing financial teams, developing and implementing financial strategies, and ensuring accurate and timely financial reporting. His experience primarily includes working with large government defense contractors and serving in leadership roles at private companies.
Igor Vodopiyanov, Vice President, Research & Development and Product Development
Dr. Vodopiyanov serves as the Vice President of Research & Development and Product Development for Laser Photonics. He holds a PhD and previously worked as a Research Scientist at the Florida Institute of Technology. His research experience includes Particle Physics within the CMS Collaboration at the CERN Large Hadron Collider in Switzerland, and Physics within the Electron-Positron Collider at the Petersburg Nuclear Physics Institute.
Matthew Nigro, Vice President, Marketing
As Vice President of Marketing, Matthew Nigro brings over 20 years of leadership experience in global sales and marketing, laser applications, and technology, including tenure with several Fortune 500 companies. He possesses expertise in product development and commercialization, with a proven history of expanding market share, forming strategic partnerships, and leading high-performance teams across North America, EMEA, LATAM, and APAC. He is recognized for his ability to translate complex technologies into clear business strategies that drive long-term growth.
Gennady Korotkov, Vice President, Operations
Mr. Korotkov holds the position of Vice President of Operations at Laser Photonics.
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Laser Photonics (LASE) operates in several key markets with substantial addressable opportunities. The primary products and services offered by the company include laser cleaning, laser cutting, laser marking, laser engraving, laser welding systems, and additive manufacturing equipment (3D metal printing post-processing).
Addressable Markets for Laser Photonics' Main Products and Services:
- Laser Cleaning: The global laser cleaning market is estimated at approximately USD 0.78 billion in 2025 and is projected to reach USD 1.02 billion by 2030. In North America, the market for laser cleaning was valued at USD 291.78 million in 2021 and is projected to reach USD 452.37 million by 2030. The U.S. laser cleaning market specifically reached USD 142.79 million in 2024.
- Laser Cutting: The global laser cutting machines market was valued at USD 6.31 billion in 2024 and is projected to grow to USD 14.14 billion by 2032. The North American laser cutting machines market size surpassed USD 2.04 billion in 2023. The U.S. laser cutting machines market was estimated at USD 1.32 billion in 2023.
- Laser Marking and Engraving: The global laser engraving machine market was valued at USD 2.90 billion in 2022 and is expected to reach USD 6.19 billion by 2030. In 2025, the global market is estimated at USD 3.84 billion. North America holds approximately 29.4% of the global laser engraving machines market in 2025.
- 3D Metal Printing Post-Processing (as part of the broader Metal 3D Printing market): The global metal 3D printing market, which includes post-processing, is calculated at USD 12.04 billion in 2025 and is forecasted to reach around USD 87.33 billion by 2034. The North America metal 3D printing market size surpassed USD 3.28 billion in 2024. The U.S. metal 3D printing market size was exhibited at USD 2.30 billion in 2024.
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Here are the expected drivers of future revenue growth for Laser Photonics (LASE) over the next 2-3 years:
- Strategic Acquisitions and Synergies: The successful integration of recent acquisitions, particularly Control Micro Systems (CMS) and Beamer Laser Marking Systems, is a significant driver. These acquisitions expand Laser Photonics' product portfolio, customer base, and market reach into new verticals such as medical, dental, and precision manufacturing. Beamer, for instance, brings a distribution network of 19 tech centers and 5 demonstration showrooms, facilitating cross-selling opportunities for Laser Photonics' entire laser solutions portfolio.
- Expansion into New Vertical Markets: Laser Photonics is actively diversifying its market presence beyond traditional industrial cleaning. Key areas of expansion include the defense, medical, semiconductor, pharmaceutical, and AI/robotics sectors. The company has secured repeat orders from the U.S. Navy for DefenseTech systems and significant orders in dental and manufacturing applications through CMS. This multi-vertical growth strategy is expected to open up substantial new revenue streams.
- Growth of CleanTech and Laser Marking Product Lines: Organic growth in the company's core CleanTech laser cleaning systems and laser marking product lines continues to be a crucial driver. Innovations such as the 3,000-watt CleanTech system and CleanTech Robotic Cell Enclosures enhance their offerings and address broader market needs for efficient and safe industrial cleaning solutions.
- New Product Launches and Technological Advancements: The introduction of new product lines and advanced technologies is anticipated to fuel future revenue. Examples include the DefenseTech product line for military and defense applications, the planned SabreTech line for cold-cutting and TurboPiercing technology, and innovative concepts like the Laser Shield Anti-Drone System (LSAD) and Next-Gen CleanTech Robotic Cells. These advancements are designed to address specific industry challenges and expand the total addressable market.
- Strategic Partnerships and Increased Customer Adoption: Collaborations and significant customer wins are expected to drive sustained growth. The company has secured orders from Fortune 500 companies and government entities, such as the Massachusetts Bay Transportation Authority and repeat business from the U.S. Navy. Strategic partnerships, such as the demonstration of laser-enabled robotic crawlers with Boston Engineering for naval maintenance, indicate expanding customer adoption and market penetration.
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Share Repurchases
- On January 11, 2023, Laser Photonics' Board of Directors authorized a share repurchase program, permitting the company to purchase up to an aggregate of 2 million shares of common stock.
- The company stated that the authorization was driven by its strong cash position, absence of debt, and a belief that its stock was significantly undervalued.
Share Issuance
- Laser Photonics completed its Initial Public Offering (IPO) on September 29, 2022, selling 3,000,000 shares of common stock at $5.00 per share, raising gross proceeds of $15,000,000.
- In October 2025, the company closed a $4 million private placement, issuing 1,098,902 shares of common stock at $3.64 per share, along with Series A and B warrants.
- The proceeds from this private placement are intended to support the integration of recent acquisitions and fund future growth initiatives.
Inbound Investments
- In October 2025, Laser Photonics secured $4 million through a private placement from accredited investors, involving the issuance of common stock and warrants.
Outbound Investments
- In late 2024, Laser Photonics acquired Control Micro Systems (CMS) for $1.0 million, which expanded its reach into high-growth markets such as medical and pharmaceutical laser systems and semiconductor manufacturing.
- In June 2025, the company acquired Beamer Laser Marking Systems, an acquisition that historically generated over $3 million in annual revenue and provided immediate entry into the semiconductor sector.
- These strategic acquisitions were undertaken to diversify Laser Photonics' portfolio and access new industrial markets.
Capital Expenditures
- The net proceeds from the September 2022 IPO were designated primarily for general corporate purposes, including working capital, operating expenses, and capital expenditures.
- For 2025, Laser Photonics is intensifying its Research & Development (R&D) efforts, particularly for its BlackStar laser wafer dicing product and CMS' semiconductor systems.
- The company's business model is significantly reliant on capital expenditures made by its end-users, especially manufacturers utilizing its products for materials processing applications.
