Laser Photonics LLC to hire 100 in FL to fulfill contract

Laser Photonics LLC plans to hire 100 more employees within six months, and up to another 300 within two years, thanks in part to a new contract worth between $30M-$70M with an undisclosed US company for the new Titan high-power fiber laser cutting system, capable of handling large-scale industrial cutting jobs, reports the Orlando Business Journal.

The company will make and supply 100 to 300 machines during the next year or so. Company executives say Laser Photonics, which currently pulls in $10-$20M in annual revenue, has grown 100% each year for the last three years and expects to reach $50-$100M in the next couple of years.

"We're developing the laser tools of the 21st century," says Demitri Nikitin, CEO of Laser Photonics' parent company, Fonon Technology International. "It's the opportunity of a lifetime."

Fonon Technology was started in Austria in 1991 and moved to FL in 2002. It counts among its customers Honeywell, General Motors, General Electric, Goodrich Aerospace, Eli Lilly, Champion Aerospace, Delphi, Mitsubishi, Dupont, Evergreen Solar, and Norfolk Naval Shipyard.


Get All the Industrial Laser Solutions News Delivered to Your Inbox

Subscribe to Industrial Laser Solutions Magazine or email newsletter today at no cost and receive the latest news and information.

 Subscribe Now
ILS Blogs
David Belforte
David Beleforte

Let's grow LME

Mon Apr 22 08:51:00 CDT 2013

Looked at manufacturing lately?

Wed Mar 20 09:57:00 CDT 2013

Industrial laser market meets forecast

Fri Mar 08 10:59:00 CST 2013

Photonics West features ultra-fast and fiber lasers

Mon Feb 18 13:31:00 CST 2013

Follow us at Join us on

Twitter - Industrial Laser Solutions

PRESS RELEASES

Replacement lenses from II-VI Infrared eliminate need for beam centering

II-VI Infrared, the world leader in CO2 laser optics, is now providing replacement Trumpf Cut Len...

See Article Archive

View Industrial Laser Solutions past articles.

  •  
  •  
  •  
Copyright © 2007-2016. PennWell Corporation, Tulsa, OK. All Rights Reserved.PRIVACY POLICY | TERMS AND CONDITIONS