Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 335

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 335
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ies can raise questions of validity with a patent office even before a patent has granted. Furthermore, even if they are unchallenged,
our patents and patent applications may not adequately protect our intellectual property or prevent others from designing around our
claims. If the breadth or strength of protection provided by the patents and patent applications we hold or pursue with respect to our
product candidates is successfully challenged, then our ability to commercialize such product candidates could be negatively affected,
and we may face unexpected competition that could harm our business. Further, if we encounter delays in our clinical trials, the period
of time during which we or our collaborators could market our product candidates under patent protection would be reduced.

24

The
degree of future protection of our proprietary rights is uncertain. Patent protection may be unavailable or severely limited in some
cases and may not adequately protect our rights or permit us to gain or keep our competitive advantage. For example:

    ●
    we
    might not have been the first to invent or the first to file the inventions covered by each of our pending patent applications and
    issued patents;

    ●
    others
    may be able to make, use, sell, offer to sell or import products that are similar to our products or product candidates but that
    are not covered by the claims of our patents; others may independently develop similar or alternative technologies or duplicate any
    of our technologies;

    ●
    the
    proprietary rights of others may have an adverse effect on our business;

    ●
    any
    proprietary rights we do obtain may not encompass commercially viable products, may not provide us with any competitive advantages
    or may be challenged by third parties;

    ●
    any
    patents we obtain, or our in-licensed issued patents, may not be valid or enforceable; or

    ●
    we
    may not develop additional technologies or products that are patentable or suitable to maintain as trade secrets.

    ●
    If
    we or our current licensors or licensees, or any future licensors or licensees, fail to prosecute, maintain and enforce patent protection
    for our product candidates, our ability to develop and commercialize our product candidates could be harmed and we might not be able
    to prevent competitors from making, using and selling competing products. This failure to properly protect the intellectual property
    rights relating to our product candidates could harm our business, financial condition and operating results. Moreover, our competitors
    may independently develop equivalent knowledge, methods and