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Laser Photonics Corporation (NASDAQ:LASE) shares are trading higher Thursday after announcing a distribution agreement with Incredible Supply & Logistics (ISL) for its military and industrial laser solutions.
Through the deal, Laser Photonics will benefit from federal subcontractor support relationships. This includes several strong connections to the U.S. Air Force, Army, Navy, Coast Guard, Defense Logistics Agency, Department of State, and Missile Defense Agency.
The company also expects to benefit from ISL’s national distribution network, which includes a closely aligned supplier network, solid sourcing, manufacturing resources, and a team of subject matter experts.
Wayne Tupuola, Laser Photonics CEO, said, “This partnership will increase our customer base and expand our distributor network while equipping an industry-leading supplier with the cutting-edge industrial laser solutions that Government and Defense clients have been demanding.”
This month, Laser Photonics disclosed receiving an order for its CleanTech LPC-500-CTHD laser cleaning system from Komatsu (OTC:KMTUY) through its’ Japanese distributor.
Price Action: LASE shares are up 9.09% at $1.68 on the last check Thursday.
Image sourced from Shutterstock
