Fonon Corporation Announces World Wide Sales Expansion Plans for 3D Metal Printing
January 23, 2018
ORLANDO, FL January 23, 2018 – To bolster its sales expansion plans set in 2017 for domestic and international markets, Fonon Corporation (OTC PINK: FNON) pursued a two-tier approach to their target markets: Channel sales strategy (sales representatives, distribution, strategic technology partnerships) and a direct sales team while managing channel conflicts, using our CRM, through a rigorous implementation of opportunity registration. The market approach is designed for the current revenue needs and expansion in the near future.
As a result, Fonon has cultivated a growing global network of 39 sales representatives, resellers, and distributors in strategic domestic and international locations.
“Our vision is to make 3D metal printing technology accessible to industries around the world,” said Dmitriy Nikitin, CEO of Fonon Corporation. “We plan to begin offering our high end, high volume industrial grade and smaller, more affordable 3D Metal printing equipment nationally and internationally. The company will be accelerating production to meet worldwide demand. Our relationships with best-in-class resellers in each of these geographies will help us reach and exceed our goals.”
In Q1, 2018 the company has experienced substantial product demand. Fonon Corporation is poised to deliver 3D metal printing equipment to multiple industry markets such as aerospace, automotive, manufacturing, medical and defense.
In anticipation of the sales expansion, Fonon Corporation also announced it will be considering select groups of strategic technology partners for bundling and integrating products that will provide both companies with enhanced solutions. These partnerships will target key software and hardware companies in the 3D metal printing area. Fonon Corporation sees these partnerships as an opportunity for new innovation and revenue streams in emerging markets within multiple industries for both parties.
About Fonon Corporation:
Fonon designs laser-based material processing technologies for advanced industrial manufacturing and manufactures state of the art equipment utilizing those technologies. The company products empower manufacturers in the areas of application-specific 3D metal printing. Our products and technologies in substantial demand today in every sector of any manufacturing industry from food and beverage to medical, aerospace and semiconductor. For more information about Fonon, visit www.fonon.us.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and the company’s ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Fonon is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
Press Contact:
Kristina Shrider
Chief Marketing Officer
Fonon Corporation
407-804-1000
kshrider@fonon.com
Fonon Corporation Launches the World’s Fastest, High Power, Mid-Size Laser Cleaning System.
January 17, 2018
Orlando, Florida, January 17, 2018 – Fonon Corporation (OTC: FNON), in joint development with Laser Photonics, launches the CleanTechTM Titan Express – a new laser cleaning system designed to provide an ultra-fast, safe, simple and budget friendly alternative to dangerous and costly chemical or mechanical cleaning.
The CleanTech™ Laser Cleaning System removes the messy chemicals and contaminants from the equation. No more storing and using dangerous chemicals, hazardous fumes, costly clean-up and complicated procedures. Simply close the Class 1 safety doors and press a button. The parts are automatically cleaned and the surface is ready. CleanTech is the most cost effective, efficient and safe method of industrial cleaning, rust removal, paint removal and surface preparation.
CleanTech Laser Systems meet the full FDA requirements as a class 1 laser product and include added safety measures for easy and safe operation in all industries and work environments. Aerospace, defense, commercial, manufacturing and institutional industries are pressing for economical, efficient and Earth friendly cleaning processes. The CleanTech Titan Express provides a versatile and easy to use industrial-grade laser cleaning machine that is eco-friendly, renewable and budget friendly.
CleanTech Titan Express is the fastest laser cleaning system in the world – available with a high power 80mJ to 480mJ fiber laser. CleanTech is built with FlexionTM Technology – allowing materials to be cleaned completely, quickly and with ultra-high precision. CleanTech Titan Express features a 4′ x 4′ working envelope with a small footprint allowing for the safe and easy cleaning or surface preparation of large format items such as wheel rims, aircraft parts, molds, automotive components – in addition to small parts and sensitive materials.
The company is starting to take pre-orders for the CleanTech Titan Express Laser Cleaning System.
About Fonon Corporation
Fonon designs laser-based material processing technologies for advanced industrial manufacturing and manufactures state of the art equipment utilizing those technologies. The company products empower manufacturers in the areas of application-specific 3D metal printing (additive manufacturing), and 2D and 3D laser cutting, laser marking and laser engraving applications (subtractive manufacturing). Our products and technologies are used today in every sector of any manufacturing industry from food and beverage to medical, aerospace and semiconductor. For more information about Fonon, visit www.fonon.us
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and the company’s ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Fonon is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
For Immediate Release
Press Contact:
Kristina Shrider
Chief Marketing Officer
Fonon Corporation
407-804-1000 x1005
kshrider@fonon.com
Fonon Corporation is Announcing Successful Recording of 15 Laser System Models with the FDA
January 16, 2018
Orlando, Florida, January 16, 2018 – Shareholder Update: Fonon Corporation (OTC: FNON), is announcing successful recording of 15 laser system models with the FDA.
Fonon Corporation successfully recorded 15 laser system models with FDA on November 2017, as Class 1 laser products as pursuant to the regulations for administration and enforcement of the Radiation Control for Health and Safety Act of 1968 (Title 21), Code of Federal Regulations, Subchapter J designated by the Center for Devices and Radiological Health (CDRH) that meets the full requirements for a stand-alone laser system.
As an added level of security, all Fonon Corporation’s laser system models are equipped with redundantly switched safety interlocks to help prevent accidental exposure to direct or excess laser radiation.
With meeting the FDA and CDRH requirements, Fonon Corporation opens the gateway for 15 products to immediately enter into all US industries for sale and purchase – potentially doubling 2018 revenue in comparison to the previous year.
About Fonon Corporation
Fonon designs laser-based material processing technologies for advanced industrial manufacturing and manufactures state of the art equipment utilizing those technologies. The company products empower manufacturers in the areas of application-specific 3D metal printing (additive manufacturing), and 2D and 3D laser cutting, marking and engraving applications (subtractive manufacturing). Our products and technologies are used today in every sector of any manufacturing industry from food and beverage to medical, aerospace and semiconductor. For more information about Fonon, visit www.fonon.us
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and the company’s ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Fonon is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
FONON CORPORATION ANNOUNCES UPDATED STRATEGIC GOALS FOR 2018
January 12, 2018
Orlando, Florida, January 12, 2018 – Fonon Corporation (OTC: FNON), is announcing a shareholder update to its 2018 business strategy.
Increasing use of 3D metal printing as a mainstream production process in the industries such as aerospace & defense and medical & dental is driving the growth of the 3D printing metals market. Fonon Corporation believes laser metal printing as a process has matured enough to split the “quick prototyping” 3D metal printing equipment market into two primary segments; specialized low cost systems (research & prototyping) and specific high-end systems (aerospace & defense).
The Company intends to develop a small footprint (even desktop) 3D metal printer for the specialized low cost system segment (for prototyping and advanced engineering). The target price will be 3 times less than any current system on the market. The first prototype is expected to be demonstrated at the end of Q1 and book orders starting in Q2, 2018.
In the 3D metal printing high-end system segment, the Company is developing concepts using its BTS™ (Bulk to Shape™) laser metal printing technology. Currently, concepts using BTS are in development for large jet turbine components and military projects, such as war heads.
The global laser metal printing market is predicted to reach 9 billion (with the United States driving the market) by the year 2022. Metal 3D printing is now the fastest growing segment of the 3D printing industry. This represents an attractive opportunity for the company, particularly in partnership with Laser Photonics Corporation. Laser Photonics is proven and specialized in advanced laser material processing equipment design, manufacturing and commercialization.
The cost to successfully penetrate and develop the targeted markets is estimated to be hundreds of millions of dollars. Fonon Corporation expects to raise the necessary funds on the Stock Exchange through up list to NASDAQ.
About Fonon Corporation
Fonon designs laser-based material processing technologies for advanced industrial manufacturing and manufactures state of the art equipment utilizing those technologies. The company products empower manufacturers in the areas of application-specific 3D metal printing (additive manufacturing), and 2D and 3D laser cutting, laser marking and laser engraving applications (subtractive manufacturing). Our products and technologies are used today in every sector of any manufacturing industry from food and beverage to medical, aerospace and semiconductor. For more information about Fonon, visit www.fonon.us
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and the company’s ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Fonon is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
FOR IMMEDIATE RELEASE
1/12/2018
PRESS CONTACT:
Kristina Shrider
Chief Marketing Officer
407-804-1000 x.1005