Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 185

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 185
---
 tools, such as traditional
abrasives blasting (referred to as sandblasting), non-laser welding, cutting dies, mechanical cutters, and plasma cutters in the materials
processing market. Some of our competitors are larger, with considerably more financial, managerial, and technical resources, as well
as more extensive sales, distribution, and service networks, and greater marketing capacity.

Our
primary focus is to provide diversified industrial-grade laser-based cleaning machinery in a variety of markets. Each market has a different
group of competitors subject to rapidly changing technologies and materials, a customer base with continuously changing requirements
and geographical outsourcing challenges.

We
believe that our future success is dependent on our flexibility to adapt to changes in the marketplace, expanding our existing products
and services targeting application specific systems for each industry we serve. We continuously introduce new products and services on
a timely and cost-effective basis identifying both standard and niche laser-systems opportunities enhancing our ability to penetrate
new customers and new emerging markets.

Primary
competitive factors in our markets include:

    ●
    Price
    and value

    ●
    Ability
    to design, manufacture, and deliver new products on a cost-effective and timely basis.

    ●
    Ability
    of our suppliers to produce and deliver components in a timely manner, in the quantity desired and at the budgeted prices

    ●
    Product
    performance and reliability

    ●
    Service
    support.

    ●
    Product
    mix

    ●
    Ability
    to meet customer specifications.

    ●
    Ability
    to respond quickly to changes in market demand and technology developments.

In
the materials processing market, the competition is fragmented with a large number of competitors that are small or privately owned or
compete with us on a limited geographic, industry, or application specific basis including Trumpf GmbH, Clean Laser GMBH, P-Laser. Advanced
Laser Technology, Anilox Roll Cleaning Systems, General Lasertronics, IPGPhotonics, Laserax, and White Lion Dry Ice & Laser Cleaning
Technology. We believe that none of our competitors compete in all the industries, applications, and geographical markets which we serve
and that our products compete favorably with respect to their laser cleaning equipment.

Intellectual
Property and License Rights

We
believe that our success depends, in part, on our ability to maintain and protect our proprietary technology and to conduct our business
without infringing on the proprietary rights of others.