Fonon Corporation Announces Initial Revenue Guidance for First Fiscal Quarter 2016
February 11, 2016
Company’s first profitable quarter fueled by existing order backlog and new bookings of laser material processing products
LAKE MARY, FL, February 9, 2016 – Fonon Corporation (FNON) today announced its expectation of a profitable first quarter of fiscal 2016 based on its total reportable order backlog, which exceeds $1 million in open orders.
The new order backlog of Fonon’s laser material processing systems consists of orders for which written authorization has been accepted and shipment dates assigned, and shipments which have occurred but for which revenue has not yet been recognized.
Sales of new products, including the MarkStar Professional handheld laser marking system, into the automotive, biomedical, aerospace, glass and defense industries have been bolstered by demand trends across Fonon’s core market of industrial manufacturing.
“In Q1 of 2016 the Company entered into a strong revenue-generating stage, based on booked sales orders of new Company products for 2D and 3D laser marking, cutting and engraving,” said Dmitriy Nikitin, Interim Chief Executive Officer of Fonon. “This is a direct result of prior investments, dynamic execution of the Company 2015 Reorganization Plan, and shareholder confidence in our technology, products and team.”
These statements about estimated results are preliminary and expectations do not include the potential impact of any new product sales or development agreements that Fonon may enter into during the balance of Q1 2016.
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.
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.
Media Contact:
Ben English
Chief Marketing Officer
benglish@fonon.us
SOURCE: Fonon Corporation
Fonon Introduces Advanced Technology for 3D Metal Printing
February 1, 2016
Bulk-To-Shape technology provides the quickest path to printing quality metal parts for production
LAKE MARY, FL / ACCESSWIRE / February 1, 2016 / Fonon Corporation (FNON) today unveiled its Bulk-To-Shape technology, an umbrella of 3D printing technologies representing a transformational approach to industrial, application-specific metal additive manufacturing. The new technology enables manufacturers to reliably integrate 3D metal printing into full production environments, and demonstrates a potentially disruptive key shift in industrial manufacturing.
While first-generation 3D metal printing has transformed the prototyping process by shrinking cycle times and reducing development costs, collective industry experience has determined that these systems have not been effective, reliable, or sustainable as tools for full production. First-generation additive manufacturing technology has proven unable to consistently produce high quality and highly functioning components, particularly when dealing with complex parts.
Bulk-To-Shape technology, available exclusively from Fonon Corporation, provides a cost-effective method for developing application-specific 3D metal printing tools. A combination of proprietary processes, a profound understanding of the molecular behavior of materials under transitional temperatures and intellectual property accumulated over decades of success building metal laser sintering products, Fonon Corporation’s Bulk-To-Shape technology enables industrial manufacturers to bridge the gap between prototyping and full production.
“Medical, aviation, automotive, and space industry metal printing experts use a measurement system called Manufacturing Readiness Level to classify additive manufacturing machines,” said Louis Schlegel, Vice President of Fonon Corporation. “While Manufacturing Readiness Level Ten represents machines ready for production, these experts have classified currently-available systems as within a range of Level Four to Level Six.”
Schlegel stated, “Bulk-To-Shape technology is the quickest path for these industries to achieve Manufacturing Readiness Level Ten.”
Bulk-To-Shape technology is available immediately for application development. Contact Fonon for additional details.
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.
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.
Media Contact:
Ben English
Chief Marketing Officer
benglish@fonon.us
SOURCE: Fonon Corporation
Fonon Awarded Contract for MarkStarPRO™ from Woodex Bearing
January 12, 2016
Fonon’s MarkStarPRO™ is the industry’s only hand-held Fiber Laser Marking System designed for true portability in the field, warehouse, or to mark oversized applications
LAKE MARY, FL-(January 12th, 2016)- Fonon Corporation (“Fonon”) is pleased to announce first time customer Woodex Bearing has placed a purchase order for the company’s MarkStarPRO™. Woodex produces bearing material from petrolatum wax impregnated rock maple. The highly-durable material is used extensively in wet/dry screw and roll conveying machinery.
Fonon’s MarkStarPRO™ is a member of the company’s Laser Photonics’ brand of marking & engraving systems. The MarkStarPRO™ is the industry’s only portable, hand-held Fiber laser marking system that operates on a 12V/24V DC and/or 110V/220V AC power source. Designed to operate under continuous shock, vibration, and dust conditions with a MTBF of 50,000 hours, the MarkStarPRO™ provides maintenance-free Direct Parts Marking (DPM) including barcodes that are permanent, legible, and non-removable. 
The unit includes a 20W DoubleFast™ high-speed Q-switched Fiber laser with a 160mm lens providing a marking area of 4” x 4”.
Click here for MarkStarPRO Specifications
Click Here- Fonon Corporation Product Catalog
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
Notice Regarding Forward-Looking Statements:
NOTE: 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.
Earthworks Orders Multiple Systems from Fonon Corporation
January 7, 2016
Fonon’s Laser Photonics’ brand of marking & engraving systems continues to set industry standards in quality of workmanship, speed, and operator safety
LAKE MARY, FL-(January 7th, 2016)- Fonon Corporation (“Fonon”) is pleased to announce first time customer Earthworks has ordered multiple systems from the company. Earthworks is dedicated to quality and sonic excellence providing the very best in professional audio equipment. Like Fonon, Earthworks prides itself on paying meticulous attention to detail with a strong emphasis on quality and proud to state “American Made”.
Our Laser Photonics family of LaserTower Professional marking & engraving systems are industrial-grade machinery designed to operate under continuous vibration, shock, and dust conditions with a MTBF of 50,000 hours. The LaserTower family of systems is plug-and-play, maintenance-free, with no consumables. All hardware is placed above the processing chamber to prevent metallic contaminates from entering the vents creating the conditions to short the laser based on the annual usage rate. With an emphasis on operator safety, Fonon continues to get set industry standards in quality of workmanship, processing speed, and operator safety.
Click Here- Fonon Corporation Product Catalog
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
Notice Regarding Forward-Looking Statements:
NOTE: 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.
Contract from Galco International for Specialized Kydex® Laser Cutting System awarded to Fonon Corporation
November 24, 2015
Fonon Corporation Awarded Contract from Galco International for Specialized Kydex® Laser Cutting System
Fonon’s LaserTower Professional CM system upgraded to support Galco’s brand of Kydex and leather holsters, belts, and accessories
LAKE MARY, FL-(November 18th, 2015)-Fonon Corporation’s (“Fonon”) is pleased to announce Galco International has awarded the company a contract for a specialized Kydex® laser cutting machine to support growing demands for their products. The Galco brand of American made products support law enforcement, military, defense, and sporting use.
Fonon’s LaserTower family of marking and engraving systems support more than 75% of all industry applications offering a wide range of systems from entry level to high-volume production machines. Each LaserTower family member is designed with common building block components and subassemblies offering a comprehensive range of laser wattages and marking size options optimized for each customer application.
Click-Here for more information on Fonon’s LaserTower family of marking and engraving systems.
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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 Files SEC 8K Closing Acquisition of Applied Photonics
November 24, 2015
Fonon Corporation to capitalize on the laser-based Materials Processing Market forecasted to be a $17.26B USD industry by 2020. Fonon expects the merger to generate $5M in 2016 revenue in this market segment alone.
LAKE MARY, FL-(October 14th, 2015)-Fonon Corporation (“Fonon”) is pleased to announce it has filed an SEC 8K closing the acquisition of Applied Photonics. The company now owns the exclusive rights to more than 100 standard and specialized systems supporting the laser-based Materials Processing Market that is projected to reach $17.26B USD by 2020. The merger is expected to generate $5M in 2016 revenue in this laser-based systems market alone.
We believe with this acquisition, Fonon’s laser based Material Processing Systems support more than 75% of standard laser applications in virtually any market involving manufacturing. All standard systems and the majority of specialized systems use the same interchangeable building block components and subassemblies as part of the company’s Value-Chain Business Approach.
As part of the ‘2015 Reorganization Plan’, Fonon announced the company will focus on three major growth markets, namely; 3D Metal Additive Manufacturing (AM), Flat Panel Display, and Laser-based Materials Processing. All three sectors align with Fonon’s Multi-Market strategy supporting the aerospace, medical, defense, space exploration, automotive, industrial, semiconductor, and energy markets.
About Fonon Corporation
Fonon Corporation is a manufacturer of industrial-grade Additive and Subtractive laser-based Material Processing Systems with experienced R&D Center developing new technologies. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of patents, inventions, intellectual property (IP) and knowhow placing our company in the unique position to offer standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
Notice Regarding Forward-Looking Statements:
NOTE: 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’s Patented ZWLCT Technology Positions the Company for Growth in Flat Panel Display Market
September 29, 2015
Flat Panel Display market expected to reach $135B USD by 2020
LAKE MARY, FL-(Globe Newswire-September 30, 2015) – Fonon Corporation’s (“Fonon”) patented Zero-Width Laser Cutting Technology (ZWLCT) has no peer in the glass cutting industry. A mature technology that separates brittle material at the molecular level providing zero yield loss, zero kerf width, highest edge quality and fastest processing speeds compared to all other conventional technologies with no post grinding or polishing required. ZWLCT was first licensed to Motherglass foundries a decade ago as the technology of choice for Gen3 – Gen10 glass cutting and has since expanded into multiple market applications. Fonon recently acquired the rights to ZWLCT with its recent acquisition of FTL, LLC.
According to Future Market Insights, increasing demand for smart phones, higher-quality TV, and automotive monitors lead the Flat Panel Display applications forecasting a market grow of $135B USD by 2020. Growth of flat panel display market across the globe is driven by factors, such as high rate of technology adoption, increasing demand for big size displays, developing consumer electronics market, and increasing investment on R&D by flat panel display manufacturers.
The key players in Flat Panel Display Manufacturing have shifted to Asia lead by Panasonic, Sony, LG Display, Samsung, Sharp, Japan Display, Innolux, Emerging Display Technologies, Universal Display and AU Optronics who are forecasted to dominate the market moving forward.
To view the ZWLCT™ SEM Test report click here
View Fonon Corporation’s ZWLCT Market Report here
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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
US Air Force Rapid Innovation Fund Review Committee Selects Fonon Corporation’s White Paper to Develop Specialized Portable Laser Coating Removal System
September 23, 2015
US Air Force Rapid Innovation Fund Review Committee Selects Fonon Corporation’s White Paper to Develop Specialized Portable Laser Coating Removal System
Fonon Corporation invited to submit formal proposal
Lake Mary, Florida, September 23rd, 2015 (GLOBE NEWSWIRE)—Fonon Corporation (‘Fonon’) (OTC: FNON) is pleased to announce the US Air Force Rapid Innovation Fund (RIF) committee selected the Company’s white paper to develop a portable hand-held laser coating removal system. The Air Force RIF Contracting Officer commented, “Selection of white papers to be invited for proposal was extremely competitive based on overwhelming responses to the solicitation. Your white paper, AFLCMC15-4.e-W-0132/Portable Hand-held Fiber Laser Coating Removal System, has been selected for proposal invitation based on technical evaluation.”
Market demand is high in both the military and commercial sector for portable LCR systems including graffiti removal that continues to plague major urban and rural areas. Primary applications for LCR systems to remove coating or paint include substrate inspection, corrosion remediation and repair.
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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 Acquires Manufacturing Capability and Seasoned Personnel Expanding Operations as Part of the Company’s ‘2015 Reorganization Plan’
September 16, 2015
Fonon enhances the company’s value chain business model with the industry’s largest array of laser-based material processing equipment diversified across multiple markets including aerospace, defense, space, medical, automotive, energy and semiconductor sectors
Lake Mary, Florida, September 16th, 2015 (GLOBE NESWIRE)- Fonon Corporation (‘Fonon’) (OTC:FNON) is pleased to announce 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 announced its entrance into the metal Additive Manufacturing (AM) equipment space as an early stage development company. Fonon is the only USA company that 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 acquired the 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. Today’ announcement continues to enhance shareholder value with the acquisition of FTL, LLC.
Key Accomplishments of the current acquisition:
- 55K square foot facility with first rights of refusal to expand capacity up to 274K square feet.
- Turnkey manufacturing production lines to support production of the company’s 3D FUSION™ metal printing systems and our family of Laser Photonics brand material processing equipment representing over 150 standard and specialized systems.
- Experienced personnel to support all company operations.
- Inventory will now be added to the company’s asset balance sheet.
Incorporating well developed families 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 same market sectors in demand for next-generation 3D metal printing systems. The Laser Photonics brand of industrial-grade laser material processing equipment covers more than 80% of general industrial applications.
The Laser Photonics family of systems include:
LaserTower™ Family of Marking & Engraving Systems
click here for LaserTower Family
Titan Family of Laser Cutting Systems
click here for Titan Family
MarkStar Family of Portable Hand-Held Marking Systems
click here for MarkStar Family
Canyon Family
click here for Canyon Family
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, know how & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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 Acquires Manufacturing Capability and Seasoned Personnel Expanding Operations as Part of the Company’s ‘2015 Reorganization Plan’
September 16, 2015
Fonon enhances the company’s value chain business model with the industry’s largest array of laser-based material processing equipment diversified across multiple markets including aerospace, defense, space, medical, automotive, energy and semiconductor sectors
Lake Mary, Florida, September 16th, 2015 (GLOBE NESWIRE)- Fonon Corporation (‘Fonon’) (OTC:FNON) is pleased to announce 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 announced its entrance into the metal Additive Manufacturing (AM) equipment space as an early stage development company. Fonon is the only USA company that 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 acquired the 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. Today’ announcement continues to enhance shareholder value with the acquisition of FTL, LLC.
Key Accomplishments of the current acquisition:
- 55K square foot facility with first rights of refusal to expand capacity up to 274K square feet.
- Turnkey manufacturing production lines to support production of the company’s 3D FUSION™ metal printing systems and our family of Laser Photonics brand material processing equipment representing over 150 standard and specialized systems.
- Experienced personnel to support all company operations.
- Inventory will now be added to the company’s asset balance sheet.
Incorporating well developed families 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 same market sectors in demand for next-generation 3D metal printing systems.
The Laser Photonics brand of industrial-grade laser material processing equipment covers more than 80% of general industrial applications.
The Laser Photonics family of systems include:
LaserTower™ Family of Marking & Engraving Systems
click here for LaserTower Family
Titan Family of Laser Cutting Systems
click here for Titan Family
MarkStar Family of Portable Hand-Held Marking Systems
click here for MarkStar Family
Canyon Family
click here for Canyon Family
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, know how & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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 (FNON) and Rinehart Development & Investment Group, LLC Reach Agreement for Fonon to Purchase 1.2MW Clean Energy Renewable Power Generating Facility
September 11, 2015
Over the projected life of the power generating facility, Fonon expects to save $12.5M
Lake Mary, Florida, September 10th, 2015 (GLOBE NEWSWIRE)—Fonon Corporation (‘Fonon’) (OTC: FNON) is pleased to announce the Company and Rinehart Development and Investment Group, LLC mutually signed a term sheet for Fonon to acquire, in exchange for cash and stock, an on-site clean-energy renewable power generating facility to support the company’s manufacturing expansion plan. The estimated fair market value of the power generating facility, based on a discounted cash flow model, is $9.8M. The 1.2 Megawatt solar farm is one of the largest “roof-top” power generating facilities in the South-East.
Key Features of the power generating facility:
- 300,000 sq ft photovoltaic facility with total capacity of 1.2 megawatts
- Estimated annual electricity production is 1.9 million kilowatt-hours
- Projected savings over the life of the solar farm is estimated at $12.5M consisting of $1M in tax benefits plus $11.5M in projected revenue
- Estimated fair market value of power generating facility at $9.8M
Wayne Tupuola, VP of Manufacturing commented, “The pending closing of the power generating facility purchase agreement represents another milestone accomplishment in the rollout of the company’s recently announced 2015 Reorganization Plan. As we expand our manufacturing footprint representing a future combined total of 274K sq ft, the company should save up to $50K/month in facility expenses or almost $12.5 Million added to its bottom line. The acquisition is expected to increase stockholders equity by more than $5 Million Dollars.”
To learn more about Fonon Corporation, visit: https://fonon.us
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
About Rinehart Development & Investment Corporation
Rinehart Development & Investment Group, LLC (RDI) is a Central Florida real estate investment group and the landlord of the manufacturing facility leased by Fonon Corporation. RDI is located in Lake Mary, FL and owns a number of prime manufacturing, retail, entertainment and warehouse facilities throughout Central and North Eastern Florida in its portfolio.
Notice Regarding Forward-Looking Statements:
NOTE: 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 Inventory for Immediate Release
September 9, 2015
Fonon grows finished goods inventory providing customers with systems for immediate delivery
Lake Mary, Florida, September 2015—Fonon Corporation (‘Fonon’) (OTCBB: FNON) updates finished goods inventory making available the following systems for immediate delivery.
- Titan 5×10 Cutting System
Click here to view the Titan 5×10
- LaserTower Professional system with 30W C0² laser
- LaserTower Professional CM system with 30W Fiber laser
- Canyon Deep-Engraving System with 50W Fiber laser
Click Here for the LaserTower™ Family
In addition, the company has available through its Laser Depot Rental Program
- LaserTower Compact system with 20W Fiber laser
- MarkStar Professional Hand-Held
Click-Here for MarkStar™ Professional Video
For more information, contact Sales at 407-477-5618.
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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 “2015 Reorganization Plan” Entering Phase II of Its Value Chain Model
September 9, 2015
Fonon Corporation Announces “2015 Reorganization Plan” Entering Phase II of Its Value Chain Model
Fonon’s Board of Directors approves “2015 Reorganization Plan” outlining transition from Development to Growth Stage Company.
Lake Mary, Florida, September 10th, 2015 (GLOBE NEWSWIRE)—Fonon Corporation (‘Fonon’) (OTCBB: FNON) is pleased to announce the company’s “2015 Reorganization Plan” aimed at creating shareholder value and increasing the market cap.
The Key Objectives of “2015 Reorganization Plan” is to transition the company from Development into Sustainable Growth Stage through:
- Acquisitions/mergers of revenue generating assets and high-value hard assets for sustainable operations in multiple markets including medical, automotive, aerospace, defense, space and energy sectors.
- Uplift the company into major stock exchange while growing shareholder base with goal of declaring dividends in 2016.
- Capitalize company by securing funding through financial instruments like IPO/SPO creating bases for transition into long-term sustainable growth.
- Grow share in a global market of additive manufacturing (AM) and subtractive manufacturing (SM) systems providing the industry’s largest array of material processing equipment.
- Expand global sales channels to support growing customer base.
- Secure and expand manufacturing facility aligned with strategic growth plans.
Fonon’s Value Chain model takes into account its full range of activities (raw materials, components, design, production, marketing, distribution and financing) tailoring its products and services to meet the needs of new and existing customers.
Fonon Corporation is aggressively pursuing potential mergers and acquisitions that support the company’s Value Chain model from raw materials, components, subassemblies and machines that meet the full range of products of our global customer base.
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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: The Golf Store Journey
September 8, 2015
Long-term dream realized by John Callihan, owner of The Golf Store, with purchase order for the company’s LaserTower™ Compact
LAKE MARY, FL-(September 8th, 2015)-Fonon Corporation (“Fonon”) is pleased to announce that dreams do come true. Fonon reaches out to their customer base on a routine basis to keep in touch. Deep within our CRM archives was John Callihan, owner of the Golf Store in Houston, Texas. John had been inquiring about an engraving machine for years to customize his club heads. He started his company in 2004, building his business and expanding his operations to include custom fitting his clients’ clubs. Every so often he would re-engage with us, eyeing the LaserTower™ Compact and dreaming of expanding his business. Each time John would get closer and closer but would pull back, realizing he had no practical experience operating a laser marking system or working with software to create the artwork to be laser etched into the golf club.
This time, however, two people helped change his mind. His daughter Emily and Fonon account manager Steve Russ. Once again, John called to inquire about the LaserTower™ Compact, asking question after question. Steve traced his history in CRM realizing John had been active in the system for years. It was time to help him out. First, his daughter told him she could work with the software after reading through the manual. Second, Steve kept telling him how user friendly the system is if he just took a leap of faith.
John and his daughter recently completed their in-house training on the LaserTower™ Compact commenting, “I know I am the little guy with a dream. Steve was patient each time I called, which included more than one weekend and evenings. Even the Vice-President reached out to me with encouragement. Today, I just realized how straightforward it is to operate these systems while my daughter slam-dunked the software training. I really appreciate the extra effort invested by Fonon in helping me achieve my dream.”
We encourage “golfers” to visit John’s store in Houston, Texas to support his growing small business. Give John a call at (832) 659-6465 and see what he can do to personalize your clubs.
The LaserTower Compact is the ideal entry level system for owners just like John. Our industrial-grade, plug-n-play systems are designed for ease-of-use and require no maintenance. Today, we gained a friend.
LaserTower™ Compact Design: Main Features:
- Maintenance-Free Direct Part Marking (DPM)
- Continuous operation under high-shock, vibration and dust conditions
- Long-term industrial-grade reliability with 50,000 hours MTBF
- Optimized for either a Fiber or CO² Laser
- Standard wall plug operation with high electrical efficiency
- Low voltage power source (110/220 VAC) 8 amps
- Laser “ON” magnetically locked front door for operator safety
- Compact design for space sensitive workspaces
- Large chamber provides a 19” by 19” material working area
- 4” Z-Axis Controller to accommodate a broad range of heights
- Class 1 or Class 4 Laser-Rated Safety Viewing Port
- PC-Based Controller, Flat Panel Monitor, Mouse and Keyboard
- Industrial-grade Extruded Frame with 19” Rack Mount Design
- Exhaust outlet for Fume Extractor
- Side Doors for longer parts (optional)
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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 (Formerly Mabwe Minerals Inc.) Receives Clearance from FINRA Including Authorization for 10:1 stock split and Issued New Ticker Symbol: FNON
September 4, 2015
Mabwe Minerals is now Fonon Corporation, completes Phase I of company’s “2015 Reorganization Plan” with FINRA approval of name change, domicile change, stock split and new ticker symbol
Lake Mary, Florida, September 4th, 2015 (GLOBE NEWSWIRE)—Fonon Corporation (formerly Mabwe Minerals) (OTC: FNON) is pleased to announce the company has successfully completed its first step towards implementing the company’s “2015 Reorganization Plan” with final approval from FINRA. FINRA approval signifies Mabwe Minerals’ transition from the mineral/metal sector into the 3D laser metal printing system market that includes long-term recurring metal powder revenue streams.
Company Update:
- Adopted the new name – Fonon Corporation domiciled in Delaware
- Completed the 10:1 reverse stock split
- Issued new ticker symbol FNON
The company now moves into the next phase of its “2015 Reorganization Plan” implementing its business development structure based on a Value Chain approach. The company intends to aggressively conclude a number of mergers/acquisitions that both vertically and horizontally expand the company’s capabilities and revenue stream based on a multi-market approach. Elements of the plan include raw metal powder supply and management, critical components manufacturing, R&D with Engineering and Application Center, Additive and Subtractive Parts Manufacturing and Assembly, OEM – original Laser Based Equipment Manufacturing, Laser Equipment Financing and O&M (Ownership and Maintenance) of selective manufacturing fleet for its own purposes with additional details to be released throughout the rest of this year.
“This should be exciting news for all 500 FNON shareholders, signaling corporate’s advancement into the revenue generating phase of the company’s development. With the new business model and 2015 Reorganization Plan, we expect to demonstrate consistent revenue moving forward” said Company Vice President Jay Schlegel.
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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’s LaserTower™ Professional MegaCenter™ Incorporates Advanced Direct Drive Motion System (DDMS) Technology into Next-Generation Marking and Deep-Engraving Subtractive Material Processing Systems
September 1, 2015
The LaserTower™ Professional MegaCenter™ is the industry highest rated industrial-grade, high-volume marking and deep-engraving system available today
LAKE MARY, FL-(September 1st, 2015)-Fonon Corporation (“Fonon”) is pleased to announce next-generation technology integrated into the company’s flagship high-volume, industrial-grade 5-axis deep-engraving system. The LaserTower™ Professional MegaCenter’s oversized processing chamber is 42” x 42” incorporating zero-friction DDMS technology to float the laser effortlessly across the working surface area. Integrated with a 50W Q-Switched Fiber Laser, deep-engraving applications can be processed in large volume batches. All Direct Parts Marking (DPM), including UDI/UID barcodes, logos and engravings are permanent, legible and non-removable.
Not to be confused with flying optics technology that incorporate belts, pulleys and ball-screws, zero-friction DDMS technology is magnetic based requiring no maintenance. Fonon is the only laser-based subtractive materials processing system supplier to incorporate leading-edge DDMS technology continuing to set industry benchmarks in quality of workmanship for high-volume marking and deep-engraving applications.
View the system Specifications sheet here
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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 Awarded Purchase Order from Baxalta for MarkStar Professional
August 27, 2015
MarkStar Professional is industry’s only hand-held portable 3D fiber laser marking system
LAKE MARY, FL-(August 27th, 2015)-Fonon Corporation (“Fonon”) is pleased to announce its first order with Baxalta for the company’s portable handheld 3D fiber laser marking system. Baxalta is a $6 billion global biopharmaceutical leader developing, manufacturing and commercializing therapies for orphan diseases and underserved conditions in hematology, oncology and immunology.
The MarkStar Professional is an industrial-grade fiber laser 3D marking system designed for true portability into the field or warehouse operates from either a conventional wall socket or a 12V/24V DC power source. The system is maintenance-free and designed for rugged use in the field with a MTBF rating of 50,000 hours.
All direct part markings are permanent, legible and non-removable.
- State of the art, Air-cooled, Ytterbium Q-switched Fiber Laser with high-repetition rate
- Excellent TEM00 beam quality (M2 < 1.05)
- Exceptional High Long-Term Reliability (50,000 MTBF)
- No water cooling required
- Warranty – 2 years on laser components with 5 years optional program available
- DoubleFast™ high-speed 20W Pulse Fiber Laser
- FiberScan™ C3 Software (Windows 2000 Professional and XP Professional)
- USB based removable Dongle with FiberScan™ C3 software/application marking file
- USB port to operate Windows 7 (laptop required)
- Red Diode Pointer
- Custom options: larger chamber with 160mm lens (4” x 4” marking area)
- FiberScan™ C3 LG Software
- USB port to operate Windows 7 or FiberScan™ C3 LG Software (laptop required)
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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.
Operator Safety is First Order of Business in Fonon Corporation’s Family of Industrial-Grade LaserTower™ Marking and Engraving Systems
August 25, 2015
Fonon Corporation’s family of LaserTower™ subtractive material processing systems sets precedence in establishing the industry’s highest standards for operator safety
LAKE MARY, FL-(August 25, 2015)-Fonon Corporation (“Fonon”) emphasizes operator safety first in its family of LaserTower™ marking and deep-engraving systems. With the largest selection of subtractive material processing systems in the industry, all LaserTower™ systems are FDA, OSHA, CDRH and CE compliant meeting the full requirements as defined by 21 CRF 1040.10 under the Radiation Control for Health and Safety.
Safety Features Include:
• Smart technology prevents laser from operating unless doors magnetically locked
• Class 4 laser-rated safety viewing glass
• Dual push button operator system to prevent accidents
• Safety light curtains to detect operator within sensing field
Wayne Tupuola, VP of Manufacturing commented, “Our customers demand no short-cuts with respect to operator safety. Industrial-grade laser marking and engraving systems must incorporate the highest standards in preventing accidents regardless of the costs.”
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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.
Healthcare Specialist Ottobock Issues Fonon Corporation Purchase Order for LaserTower™ Compact Marking and Engraving System
August 19, 2015
Ottobock’s first LaserTower™ system ordered 15 years ago continuing to demonstrate Fonon’s long-term reliability and brand loyalty
LAKE MARY, FL-(August 19th, 2015)-Fonon Corporation (“Fonon”) is pleased to announce healthcare specialist Ottobock has purchased a LaserTower™ Compact marking and engraving system. Ottobock is a recognized world leader in providing “Quality-for-Life” healthcare products including prosthetics, orthotics and mobility systems with a mission of restoring and improving independence.
Fonon’s family of LaserTower™ industrial-grade marking and engraving systems are designed to operate under continuous shock, vibration and dust conditions with a Mean-Time-Between-Failure (MTBF) rating of 50,000 hours. Wayne Tupuola, VP of Manufacturing commented, “Our LaserTower™ family of marking and engraving systems continue to set industry benchmarks in long-term reliability with strong brand loyalty providing our customers with the largest selection of marking and engraving systems that addresses a wide-range of industry applications. Each system is modular and optimized for each customer based on their unique requirements.”
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
Notice Regarding Forward-Looking Statements:
NOTE: 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’s Micro-Stamping Technology Enhances Ballistics Identification Allowing Traceability to Firearms
August 18, 2015
Micro-engraving unique ID Codes on firing pins provide forensic scientist with new tools for solving crime scenes
LAKE MARY, FL-(August 18th, 2015)- Fonon Corporation (“Fonon”) is pleased to announce recent advances in laser micro-engraving technology allowing the precise, microscopic stamping of unique ID codes on firing pins making it possible to link shell casings recovered at crime scenes to the firearm that fired them. When the firearm is discharged, a unique alpha-numeric code identifying the weapon’s make, model and serial number is “fingerprinted” onto the primer or rim of the cartridge case.
Fonon’s advanced micro-stamping technology now provides firearm manufacturers with new tools that help law enforcement deter gun trafficking. Traffickers generally purchase guns with the intent to illegally transfer the weapon to others. Traffickers who purchases guns for this purpose would now be on notice that the cartridge shell could be used to trace the gun back to them if the gun was used in the commission of a crime.
The American Bar Association (ABA) has recommended that federal, state, and territorial governments enact microstamping laws that would enable law enforcement officers to identify the weapon used in a crime and the purchaser of the firearm. The ABA concluded, “Microstamping technology will be a material aid to law enforcement in the effort to solve crimes committed by use of guns.” With California taking the lead, similar legislation continues to be discussed in New York, Connecticut, Rhode Island, Massachusetts, Maryland, Wisconsin and Illinois with other states monitoring the legislation progress.
About Fonon Corporation
Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.
To learn more about Fonon Corporation, visit: https://fonon.us
Notice Regarding Forward-Looking Statements:
NOTE: 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