Laser Photonics Wins Dual Order From Phillips 66
Fortune 500 Oil Refinery To Use CleanTech & MarkStar Systems
ORLANDO, Fla.–(BUSINESS WIRE)–Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing, announced today that it has received a dual order from global oil refiner Phillips 66 for a CleanTech and a MarkStar laser systems.
“We are honored to welcome Phillips 66 as our new client and deliver our industrial-grade laser technologies to a major U.S. oil refinery,” said Wayne Tupuola, CEO of LPC. “The company’s commitment to safety, sustainability, and innovation aligns with our mission to provide cleaner and safer solutions for material processing. This order underscores the value of our environmentally friendly technologies in meeting the energy needs of millions.”
Phillips 66 has acquired LPC’s CleanTech IR-3040, an industrial-grade handheld laser cleaning system, and the MarkStar PM-2010, a compact desktop laser marking system. These will be shipped to its pioneer site, focusing on testing out innovative technologies that have the potential to optimize existing processes, improve the bottom line, enhance personnel safety, and reduce environmental impact.
The CTIR-3040 is powered by laser ablation technology, which offers a non-contact method to clean and profile surfaces without abrasives or chemicals. Phillips 66 plans to use the CTIR-3040 to remove scale formation during pipe and pressure vessel maintenance, as well as to prepare surfaces for re-painting ahead of regular facility inspections. Following a testing interval, the company is considering implementing laser solutions to replace sandblasting processes.
The MSPM-2010 laser marking system will be used to mark data plates for refinery pressure vessels, which are periodically re-rated. This technology provides a high-speed, consumable-free solution for creating permanent, legible markings on a wide variety of materials.
For more information about CleanTech and MarkStar product lines, 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 quickly gained a reputation as an industry leader in industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 500 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 Phillips 66
Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company’s plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties, which may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. These risks include, without limitation, those described under the caption “Risk Factors” in the Registration Statement. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations.
Contacts
Investor Relations:
laser@haydenir.com
LPC:
Karla Kizzort
Laser Photonics Corporation
