Laser Photonics Corporation (NASDAQ: LASE) shares tumbled Tuesday. The company, setting itself up as a leading global industrial developer of laser systems for laser cleaning and other material processing applications, announces its participation in FABTECH 2024, set to take place from October 15 to 17 in Orlando.
FABTECH is North America's largest metal forming, fabrication, welding and finishing event. Florida is now ranked the 10th largest state for manufacturing employment – making it an ideal location for FABTECH 2024. The event promises to attract not only attendees from Florida's flourishing manufacturing industry but also participants from around the globe, offering exhibitors access to a diverse and expansive audience.
"We're looking forward to showcasing our innovative laser technologies at FABTECH 2024," said CEO Wayne Tupuola. "Our booth will feature live demonstrations of our advanced laser systems, illustrating how our technology can enhance productivity and efficiency in manufacturing operations. In today's competitive market, embracing cutting-edge technology is crucial for staying ahead, and FABTECH is an excellent platform for presenting and discovering such innovations."
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.
LASE shares began Tuesday down 20 cents, or 5.9%, to $3.11.
