Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 178

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 178
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 the nuclear industry and laser blasting cabinets for the general manufacturing industry.

Broaden
Customer Relationships. We expect to develop a globally diversified customer base in a variety of industries. We seek to differentiate
ourselves from our competitors through superior product pricing, performance and service. We believe that a global presence and investments
in application engineering and support will create competitive advantages in serving multinational and local companies.

New
Product Development. We intend to target new applications early in the development cycle and drive adoption by leveraging our strong
customer relationships, engineering expertise and competitive production costs.

We
intend to continue to stay ahead of the technology curve by researching and developing cutting edge products and technologies for both
large and small businesses. In addition to our attention to Fortune 1000 companies, we also view the small companies as an attractive
market opportunity since they were previously unable to take advantage of laser processing equipment due to high prices, significant
operating costs and the technical complexities of the laser equipment. As a result, we are developing a group of standardized laser cleaning
equipment that we have named the CleanTech™ laser blaster family of equipment that we believe represents a new generation of high-power
laser cleaning and rust removal systems that will be affordable to more than a million small and mid-size companies.

6

Controlled
Company Exemption

ICT
Investments, LLC in the aggregate, will control approximately 59.19__% of the voting power of our outstanding capital stock following
this offering and will have the power to elect a majority of our directors. Pursuant to Nasdaq’s listing standards, a company of
which more than 50% of the voting power for the election of directors is held by an individual, a group or another company qualifies
as a “controlled company.” As a controlled company, we may elect not to comply with certain Nasdaq corporate governance requirements,
including the requirements to have (i) a board composed of a majority of independent directors; (ii) compensation of executive officers
determined by a majority of the independent directors or a compensation committee comprised solely of independent directors; and (iii)
director nominees selected or recommended for our board either by a majority of the independent directors or a nominating committee comprised
solely of independent directors. If we cease to be a “controlled company” and our shares are listed on Nasdaq, we will be
required to comply with these standards and, depending on the independence determination with respect to our then-current directors,
we may be required to add additional directors to our board