Fonon Corporation declares the acquisition of FTL, LLC supporting the company’s ‘2015 Reorganization Plan’ transitioning from a development stage to a sustainable growth stage company. Fonon earlier stated its entrance into the metal AM equipment space as an early stage development company. Fonon designs/manufacturers 3D FUSION™ metal printing systems with proprietary technologies, the company believes will provide metal printing manufacturers with the ability to move prototypes into a production environment.
Subsequently, the company acquires largest portfolio of industrial-grade laser-based material processing equipment in the industry under the brand, Laser Photonics, recognized by Fortune 500 companies over the last two decades. This announcement continues to enhance shareholder value with the acquisition of FTL, LLC.
Turnkey manufacturing production lines will support the production of the company’s 3D FUSION™ metal printing systems and of Laser Photonics brand material processing equipment representing over 150 standard and specialized systems.
Incorporating well developed set of cutting, marking & engraving equipment adds tremendous versatility to Fonon’s product portfolio strengthening the company’s position in the medical, automotive, aerospace, defense, semiconductor and energy markets. The Laser Photonics brand of industrial-grade laser material processing equipment covers more than 80% of general industrial applications.