nLIGHT, Inc. (NASDAQ: LASR) shares eased Wednesday. The company, a leading provider of high-power lasers for mission-critical directed energy, optical sensing, and advanced manufacturing applications, today announced it has added 50,000 square feet of leased manufacturing and office space to expand its existing facilities in Longmont, Colorado.
The additional space will more than double the Company’s current capacity and enable the continued expansion of its beam-combined high-energy laser (HEL) manufacturing to support ongoing and future work for the U.S. Department of War (DoW) and other U.S. agencies.
“This investment in additional manufacturing space represents nLIGHT’s commitment to support our nation’s efforts to field directed energy laser weapons with expanded U.S. manufacturing,” commented Scott Keeney, nLIGHT’s Chairman and CEO.
“It is also a testament to the Company’s commitment to invest in our own capabilities to accelerate the development of products and solutions that are vital to help safeguard our country’s security. Having already delivered (numerous) successful prototypes, the expanded footprint is an important next step as we work to increase the capacity of our U.S.-based HEL manufacturing, allowing us to meet growing demand for directed energy lasers.”
“Leveraging 25 years of laser power scaling expertise and proprietary coherent beam combination technology. nLIGHT’s vertically integrated approach to HEL manufacturing – from semiconductor chip to fiber amplifier to beam combined laser – coupled with its U.S.-based manufacturing, has consistently delivered industry-leading systems to the DoW and our nation’s allies.”
LASR shares fell 22 cents in the first hour to $44.70.
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