Sign up Australia
Proactive Investors - Run By Investors For Investors

LaserBond shares rise 26% after signing its second technology license deal

The new agreement will yield an increase in revenue this financial year by more than 10%.
Agreement with a multi-billion dollar engineering company

LaserBond Limited (ASX:LBL) has signed its second technology license agreement, this time with a UK based multinational engineering company.

The agreement involves the supply of a LaserBond® designed and constructed laser cladding system, ongoing training and support and consumable sales.

Laser cladding is a high-performance additive manufacturing procedure, which uses energy from a high-power laser to metallurgically-bond a surface material (or cladding) to an underlying surface.

This provides high performance surfaces to new parts, extending their operating life.

READ: How to solve a $30 billion ‘wear and tear’ problem for Aussie mining

LaserBond’s new agreement will yield an increase in revenue this financial year by more than 10% with associated overhead recovery and increase in profits.

Whilst this is a single license for UK operations for particular applications, the licensee company has several engineering divisions and supplies to a diverse range of capital intensive industries globally.

It is expected that the solutions provided by LaserBond will have many applications in other areas of the licensee’s product portfolio.

Growing global reputation of LaserBond

LaserBond chief technology officer and founder Gregory Hooper said: ‘‘This agreement with a multi-billion dollar engineering company illustrates the intrinsic value in the technology and associated intellectual property we have developed, and the growing global reputation of LaserBond as a solution provider.

“Through our R&D efforts we continue to develop the performance of the wear solutions we provide and continue to enhance the performance, automation and ease of operation of the equipment to apply such solutions.

“LaserBond has received a number of other enquiries and we are confident in the future strong growth of the Technology Division.’’

View full LBL profile View Profile

LaserBond Ltd Timeline

Related Articles

An energy plant
August 13 2018
The exclusive contract will run its course for two years and includes a one -year extension option
An illustration of the tools Velpic uses in providing education and incident management
March 22 2018
Velpic has just signed its first NowForce client in Australia.
Flow chart of the Hazer Process
March 21 2018
The Hazer Process could disrupt the $100 billion hydrogen production market.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use