Laser Photonics provides update on Control Micro Systems acquisition

Laser Photonics (LASE) provided an update on its acquisition of Control Micro Systems, or CMS. In the approximately one month after the $1.05M acquisition closed, LPC has already achieved nearly $600,000 in cash flow from accounts receivable collections and received nearly $600,000 in new CMS orders, reinforcing the strategic value of this addition. Wayne Tupuola, CEO of Laser Photonics commented: “We see a tremendous opportunity to expand CMS’ presence in the pharmaceutical market. The combination of its innovative technologies and our robust sales and marketing infrastructure provides a pathway to scale their solutions, penetrate deeper into existing pharmaceutical customer bases, and attract new clients in this high-growth sector.”