Investing.com -- Shares of Laser Photonics Corporation (NASDAQ: LASE) climbed 3% after the company's subsidiary, Control Micro Systems (CMS), announced receiving follow-on orders from clients in the pharmaceutical and electronics manufacturing sectors.
The orders, which include a UV Laser Drilling System for a leading pharmaceutical company and a PCB Laser Marking Workstation for marking printed circuit boards, signify the growing market demand for advanced laser equipment. These systems are noted for their high precision, safety, and durability, with features such as water-cooling, state-of-the-art ultraviolet lasers, and integrated vision systems for precise operations.
John Armstrong, Executive Vice President of LPC, expressed confidence in the CMS acquisition's contribution to the company's growth, stating, "These orders for additional CMS laser systems across multiple industries demonstrate both the high levels of customer satisfaction CMS is bringing to the market and the growing market demand for advanced laser equipment across various verticals. These two factors point towards continued success for this recently acquired business."
Since its acquisition by LPC in the fourth quarter of 2024, CMS has shown rapid growth, enhancing LPC's market differentiation and expanding its reach into new industries. The recent orders reflect CMS's commitment to providing specialized laser equipment for various industrial applications, including pharmaceutical, PCB manufacturing, and wire processing.
Investors responded positively to the news, driving Laser Photonics' stock upward in the trading session. The company's ability to secure repeat business and penetrate diverse markets appears to be a key factor in its current and future success.
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