Fonon Corporation Awarded Specialized High-Speed Drill-Bit Marking and Engraving System Contract
Fonon secures additional contract for the company’s Laser Photonics’ brand of specialized Fiber laser marking and engraving system from Sandvik’s Dormer Tools S. A.
LAKE MARY, FL-(July 21, 2015)-Fonon Corporation (“Fonon”) is pleased to announce that Dormer Tools S. A. Brazil, a subsidiary of Sandvik, has ordered another specialized drill bit marking system for high-speed engraving applications for their line of high-quality precision metal drilling tools. Dormer Tools’ core products are built around a range of tools designed for the general machining industry encompassing both indexing and rotary drilling, milling, threading and turning tools.
Dormer Tools S.A. has a number of Laser Photonics’ specialized drill-bit marking systems in production. The original systems were installed in 2007 at their Crystal Lake facility and subsequently transferred to Dormer Tools Brazil in 2010. The new system has been upgraded to incorporate a 50W Fiber laser to more than double the throughput rate.
Fabio Amaral, Dormer Tools S.A. Engineering Manager commented, “Fonon’s industrial-grade drill bit marking systems have been in continuous use with no maintenance issues or disruption to our production lines. We look forward to receive the new system increasing our capacity while doubling our rate of productivity with the new 50W Fiber laser.”
Wayne Tupuola, Fonon’s VP of Manufacturing noted, “Our industrial-grade systems are designed for continuous use in high-vibration, shock and dust conditions. Operator safety is paramount with all systems meeting FDA, OSHA, CE and CDRH 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.
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.
CONTACT INFORMATION
Robert Hunt
Investor Relations
407-477-5618 x1010