Laser Photonics Scores Dual Follow-On Sale to NDT Leader Acuren
Leading Nondestructive Testing Company Now a Repeat Client of LPC
ORLANDO, Fla., Oct. 18, 2024 – Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that it has completed a dual follow-on sale to Acuren, a leading provider of asset protection services through nondestructive testing (NDT) and consulting.
LPC is to deliver two additional CleanTech Industrial Roughening Laser 3050 (CTIR-3050) systems to the Sarnia, Ontario-based operations of Acuren in Canada. The CTIR-3050 is LPC’s most powerful handheld laser system, offering top speed and efficiency for heavy-duty surface preparation.
“We are delighted to welcome Acuren back as a valued customer,” said Wayne Tupuola, CEO of LPC. “Our laser cleaning systems consistently demonstrate exceptional effectiveness across diverse applications, and awareness of their benefits is steadily rising. In the nondestructive testing market, they are a proven tool for safeguarding critical infrastructures.”
Acuren is one of the world’s largest inspection services companies, offering a broad spectrum of NDT solutions. These include radiographic and ultrasonic testing, ground penetrating radar, infrared thermography and rope access technology (RAT). Acuren serves industrial markets, most notably chemical, nuclear power, pipelines, refineries, power generation, oil, automotive, aerospace, mining, manufacturing, renewable energy and paper production.
This swift supplemental sale increases LPC’s recognizability amongst industry professionals, strengthens the company’s expanding presence in North America, and opens new business opportunities.
For more information, visit Laser Photonics at https://laserphotonics.com/.
About Laser Photonics Corporation
Laser 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 issues associated with old methods. As a result, Laser Photonics has quickly gained a reputation as a leader in industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, maritime, nuclear and space industries are using Laser Photonics’ “unique-to-industry” systems. For more information, visit https://www.laserphotonics.com.
About Acuren
Acuren is a leading North American provider of critical asset integrity services. Acuren provides mission critical, regulatorily-mandated, nondestructive testing, inspection and engineering & lab testing services across a variety of industrial end markets. Acuren operates across three service lines: Nondestructive Testing (NDT), Rope Access Technician Solutions (RAT) and Engineering and Lab Testing. NDT offerings include breadth of nondestructive testing services including conventional, advanced and tech-enabled NDT. RAT offerings include a full suite of rope access technician offerings including inspection, repair and specialty craft services. Engineering and Lab Testing offerings include materials engineering and destructive lab testing services.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations as of the date of this press release and involve risks and uncertainties that may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. We encourage readers to review the “Risk Factors” in our Registration Statement for a comprehensive understanding. Laser Photonics Corp. undertakes no obligation to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances after the date of this press release.
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