Fonon Corporation Announced Receiving of the First Purchase Order for New CleanTech Product
ORLANDO, FL January 29, 2018 Orlando-based Fonon Corporation (otc pink:FNON) announced receiving initial purchase orders of several CleanTech machines (valued at $500,000). Fonon anticipates up to $10 million of additional revenue through 2020.
The CleanTech laser cleaning product was developed by Fonon Corporation, in joint development with Laser Photonics, to permanently eliminate the need of wet chemical processes – and the hazardous waste they create. CleanTech is the eco-friendly, fast and onsite cleaning alternative that is growing in demand in every industrial sector. The company views the CleanTech product as an opportunity for extremely promising revenue streams within the multi-billion dollar industrial cleaning market.
“The CleanTech product aims to disrupt the industrial cleaning market.” said Dr. Dmitriy Nikitin, CEO of Fonon Corporation. “Based on initial inquiries following our product launch, we saw a demand in almost every market segment.”
CleanTech improves the cost effectiveness, safety, and precision of industrial cleaning in the automotive, medical, aerospace, defense, tech and manufacturing industries. From auto parts rust removal, marine cleaning, medical device sterilizing to airplane de-painting, CleanTech is the future of industrial cleaning.
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
407-804-1000×1005
kshrider@fonon.us