Laser Photonics Corp (LASE)

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Laser Photonics Shares Rise 65% After Order From U.S. Navy
12:59 pm ET October 11, 2022 (Dow Jones) Print

By Chris Wack


Laser Photonics Corp. shares jumped 65% to $3.09 after the company said 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 maintenance, repair and operations.

The stock closed Monday's session down 17%. The shares began trading on the Nasdaq Capital Market on Sept. 30.

The company said its CleanTech Handheld LPC-1000CTH is a 1,000 watt handheld laser cleaner 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.

Laser Photonics said Monday that its "fundamentals are solid, with strong revenue growth and profits."


Write to Chris Wack at [e-mail]


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