Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 338

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 338
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 developing our product candidates.
Because some patent applications may be maintained in secrecy until the patents are issued, because publication of patent applications
is often delayed, and because publications in the scientific literature often lag behind actual discoveries, we cannot be certain that
we were the first to invent the technology or that others have not filed patent applications for technology covered by our pending applications.
We may not be aware of patents that have already issued that a third party might assert are infringed by our product candidates. It is
also possible that patents of which we are aware, but which we do not believe are relevant to our product candidates, could nevertheless
be found to be infringed by our product candidates. Moreover, we may face patent infringement claims from non-practicing entities that
have no relevant product revenue and against whom our own patent portfolio may thus have no deterrent effect. In the future, we may agree
to indemnify our manufacturing partners against certain intellectual property claims brought by third parties.

26

Intellectual
property litigation involves many risks and uncertainties, and there is no assurance that we will prevail in any lawsuit brought against
us. Third parties making claims against us for infringement, violation or misappropriation of their intellectual property rights may
seek and obtain injunctive or other equitable relief, which could effectively block our ability to further develop and commercialize
our product candidates. Further, if a patent infringement suit were brought against us, we could be forced to stop or delay research,
development, manufacturing or sales of the product or product candidate that is the subject of the suit. Defense of these claims, regardless
of their merit, would cause us to incur substantial expenses and, would be a substantial diversion of resources from our business. In
the event of a successful claim of any such infringement, violation or misappropriation, we may need to obtain licenses from such third
parties and we and our partners may be prevented from pursuing product development or commercialization and/or may be required to pay
damages. We cannot be certain that any licenses required under such patents or proprietary rights would be made available to us, or that
any offer to license would be made available to us on commercially reasonable terms. If we cannot obtain such licenses, we and our collaborators
may be restricted or prevented from manufacturing and selling products employing our technology. These adverse results, if they occur,
could adversely affect our business, results of operations and prospects, and the value of our shares.

We
may become involved in lawsuits to protect or enforce our patents or other