Laser Photonics Corporation ( LASE ) shares are trading lower in the premarket session on Wednesday.

According to Benzinga Pro, LASE stock has gained over 118% in the past year.

On Tuesday, the firm announced an expansion of its laser drilling technology development program in collaboration with its subsidiary, Control Micro Systems, Inc.

This initiative targets the growing plastic, metal and ceramic drilling technology markets, aiming to enhance efficiency and precision in laser drilling across various materials.

Laser Photonics ( LASE ) and CMS are focused on improving laser drilling solutions for industries that require high-speed, reliable and precise drilling.

For plastic materials, laser drilling offers precise control over hole shapes and sizes without the need for tooling changeovers.

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This non-contact method minimizes material damage and enhances design flexibility.

CMS laser systems are particularly suited for producing small, intricate components in high-volume production sectors like automotive, electronics, and medical devices.

CMS’s custom laser systems provide superior precision and accuracy in metal drilling. The non-contact process reduces heat-affected zones, resulting in minimal material damage, ideal for thin sheet metal, metal foil, and micro-tubing production.

Laser drilling’s ceramics technology is well-suited for industries like electronics, aerospace and automotive where precision is crucial. The non-contact nature of laser drilling ensures that delicate ceramic materials remain undamaged while producing intricate designs with high accuracy.

John Armstrong, executive vice president of LPC, said expansion reflects the company's commitment to innovation and advancing laser drilling research and development across diverse industries.

Price Action: LASE shares are trading higher by 3.7% to $3.640 premarket at last check Wednesday.

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