Company Provides a Temporary Leadership Transition Update and Highlights Continued Momentum Across Its Defense and Industrial Programs

ORLANDO, FL / ACCESS Newswire / June 29, 2026 / Laser Photonics Corporation (NASDAQ:LASE) and the LASE Group of Companies ("Laser Photonics" or the "Company"), a global leader in laser systems for industrial and defense applications, today provided a corporate update for shareholders covering a temporary leadership transition and the Company's continued execution across its defense and industrial growth initiatives.

Building on more than four decades of domestic laser engineering, Laser Photonics is entering the second half of 2026 with a strengthened balance sheet, expanding defense engagement, and a deepening commercial pipeline. The following update consolidates recent developments to give shareholders a clear view of the Company's leadership, operations, and near-term priorities.

Defense Programs and Technology Progress

The Company continues to advance its Laser Shield Anti-Drone System (LSAD), a transportable directed-energy counter-unmanned aerial system developed with affiliate Fonon Technologies. The LSAD was recently selected by the U.S. Department of War under the MEIA "Vulcan" Call for Solutions as a top submission in the Counter-C5ISR-T category, earning an invitation to a technical exchange with government engineers. The platform also drew strong engagement at SOF Week 2026, where Fonon Technologies and Laser Photonics were selected for the event's Accelerator Alley, generating follow-on discussions across U.S. and allied defense channels.

The Company is developing a range of products covering laser dazzlers, directed-energy weapon systems, self-propelled all-terrain crawler-based systems for ease of deployment, and autonomous crawler platforms, and is evaluating the feasibility of laser demining systems.

Laser Photonics is currently executing final prototype assembly and developing two complementary LSAD product lines: a globally sourced configuration to support allied partners and a TAA-compliant, non-foreign-sourced configuration for sensitive U.S. applications.

Alongside its directed-energy work, the Company, together with Fonon Technologies, has launched a family of DefensTech™ laser systems for military maintenance, repair, and overhaul (MRO) and logistics. This includes the Missile Laser Rust Inhibitor (MLRI), portable Marlin (Marine Application Rust Laser Inhibitor) laser cleaners, the Blaster Cabinet 4020, and a compact marking laser, with deployments and active pursuits across multiple U.S. military branches and installations.

Quantum Bullet™ Technology

In parallel, the LASE Group of Companies has registered the Quantum Bullet™ trademark and expects to market a new generation of directed-energy products under the brand. The Company is developing the integration of its Quantum Bullet™ technology into the LSAD platform, a next-generation approach designed to amplify the system's available laser energy by up to 100x. Drawing on QTI's electro-optic modulation, Q-switching, and nonlinear-optical crystal expertise, the Quantum Bullet™ approach is intended to concentrate and intensify directed-energy output for greater effective range and penetration against small unmanned aerial systems. The technology is in active development and represents a potential step-change in the platform's directed-energy performance.

Quantum Technology

Laser Photonics is planning to expand its horizon in electro-optical and quantum photonic components in building deep expertise in nonlinear optical crystals and the Pockels effect. It will assist with power laser systems, quantum communication, and experimental research for OEM integrators and laboratories worldwide.

The technology spans electro-optic modulation systems, Pockels cells and Q-switches, pulse pickers, high-voltage drivers, and nonlinear optical crystals, including BBO, LBO, and KTP, supporting laser applications from the ultraviolet to the far-infrared. Its electro-optic modulation systems deliver broad bandwidths from DC to 1 GHz, while its high-voltage pulsers and amplifiers offer repetition rates up to 250 kHz and rise times as fast as four nanoseconds.

Commercial and Industrial Momentum

Beyond defense, the Company continued to expand across commercial verticals. Recent milestones include Laser Photonics' entry into medical device manufacturing through an initial custom laser-drilling system order from Johnson & Johnson; the delivery of its first robotic laser cleaning cell to Vander-Bend Manufacturing for hyperscale data center component processing; and a repeat CleanTech® deployment with Cummins. These wins reflect the breadth of demand for the Company's laser cleaning, marking, and precision processing technologies across high-value industrial markets.

Leadership Transition

As previously disclosed in the Company's Current Report on Form 8-K, Chief Executive Officer Wayne Tupuola is taking a temporary leave of absence of approximately three months for health reasons. To ensure continuity of leadership and uninterrupted execution of the Company's strategy, the Board of Directors has appointed Ann Tewari, the Company's Executive Vice President of Global Operations and Strategy, as Interim President.

Ms. Tewari brings more than 36 years of experience in operations, strategy, and product development leadership across the defense, aerospace, and advanced industrial sectors, including senior leadership roles at Northrop Grumman, Raytheon, IBM, Pratt & Whitney, and Comtech Telecommunications. Since joining Laser Photonics, she has been actively engaged in all key customer and management meetings and strategic initiatives, most recently including the Company's defense engagement at Special Operations Forces (SOF) Week 2026, positioning her to lead seamlessly throughout this period.