Form 8-K

8-K — Laser Photonics Corp

Accession: 0001493152-26-047427

Filed: 2026-10-16

Period: 2026-10-12

CIK: 0001807887

SIC: 3690 (MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-10.1 (ex10-1.htm)

EX-99.1 (ex99-1.htm)

GRAPHIC (ex99-1_001.jpg)

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8-K

8-K (Primary)

Filename: form8-k.htm · Sequence: 1

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0001807887

2026-10-12

iso4217:USD

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): October 12, 2026

Laser

Photonics Corporation

(Exact

name of registrant as specified in its charter)

Delaware

001-41515

84-3628771

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

No.)

250

Technology Park

Lake

Mary, FL

32746

(Address

of principal executive offices)

(Zip

Code)

Registrant’s

telephone number, including area code: (407) 804-1000

Not

Applicable

(Former

name or former address, if changed since last report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

stock, par value $0.01

LASE

The Nasdaq Capital Market

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of

Certain Officers.

Appointment

of Executive Chairman of the Board of Directors

October 12, 2026, the Board of Directors (the “Board”) of Laser Photonics Corporation (the “Company”) appointed

Dmitri Nikitin as a member of the Board and to serve as the Executive Chairman of the Board. In this role, Mr. Nikitin has been

appointed, and will assume the duties of, principal executive officer of the Company.

October 16, 2026, the Company entered into an Employment Agreement (the “Employment Agreement”) with Mr. Nikitin. The Employment

Agreement is effective as of October 12, 2026 (the “Effective Date”). The term of the Employment Agreement commences on the

Effective Date and expires on the third anniversary of the Effective Date, unless terminated sooner or extended as provided in the Employment

Agreement.

Mr.

Nikitin will receive an annual base salary of $400,000, subject to annual review by the independent members of the Board and which may

be increased but not decreased based on performance as determined by the Board in its sole discretion. As soon as reasonably practicable

following the Effective Date, Mr. Nikitin will be awarded an equity award equal to two million (2,000,000) shares of the Company’s

common stock under the Company’s 2019 Stock Incentive Plan of which fifty percent (50%) shall vest on the date of grant and the

remaining fifty percent (50%) shall vest ratably upon the first two (2) anniversaries of the Effective Date, subject to Mr. Nikitin’s

continued employment through each applicable vesting date unless otherwise specified in the Employment Agreement. Mr. Nikitin will also

be entitled to a car allowance of $1,850 per month, six (6) weeks of paid time off per year, and participation in the Company’s

employee benefit plans available to other senior executives.

Mr. Nikitin’s employment is terminated by the Company without Cause, due to death or disability or resignation by Mr. Nikitin for

Good Reason (each as defined in the Employment Agreement), subject to his execution and non-revocation of a general release of claims,

Mr. Nikitin (or Mr. Nikitin’s legal representatives, as applicable) shall be entitled to receive: (i) accrued and unpaid base salary,

accrued and unpaid paid time off, and other accrued and vested amounts and benefits (the “Accrued Compensation”); (ii) acceleration

of vesting of any unvested portion of the equity award as of the termination date; (iii) a cash amount equal to twelve (12) months of

his base salary, payable over the twelve (12)-month period following termination; and (iv) Company reimbursement of COBRA premiums for

such twelve (12)-month period (or until he becomes eligible for comparable coverage under a subsequent employer’s plan, if earlier).

If such termination occurs without Good Reason or by the Company for Cause, Mr. Nikitin is entitled to receive only the Accrued Compensation.

The

Employment Agreement also contains twelve (12) month non-competition, twelve (12) month non-solicitation, five (5) year confidentiality,

perpetual non-disparagement, cooperation, and other customary restrictive covenant and indemnification provisions. Payments under the

Employment Agreement are subject to Section 409A of the Internal Revenue Code.

Dmitri

Nikitin brings more than 35 years of experience in laser technology innovation. He holds an engineering degree in industrial electronics

and quantum mechanics from Moscow Power Engineering University and a PHD in Ministry of Electronics of USSR. His product innovation and

executive leadership across multinational companies include the development of laser platforms for marking, cutting, welding, glass separation,

flat panel display processing, wafer processing, semiconductor processing and industrial manufacturing. His engineering leadership at

the Institute of Precise Technologies in the former Soviet Union helped create new laser applications for components used in the space

program. Mr. Nikitin’s inventions include patented methods for splitting precision glass with zero curve loss. He co-developed

the world’s first high-power fiber laser cutting system for IPG Photonics. Mr. Nikitin developed a mobile fiber-laser platform

for military mine-clearing applications, the first of its kind. He is a named inventor on three patent applications in 2026 relating

to Bulk-to-Shape technology. For the past five years, Mr. Nikitin has served as the Chairman of ICT Investments (“ICT”),

a private investment firm, and the CEO of Fonon Technologies, Inc. (“FTI”).

-2-

There

are no arrangements or understandings between Mr. Nikitin and any other persons pursuant to which he was selected as a director and Executive

Chairman of the Company, and Mr. Nikitin has no family relationships with any director or executive officer of the Company. Mr. Niktin

serves as the Managing Partner of ICT. ICT, together with its affiliates Fonon Drone Shield Solutions, Inc. (“FDSS”),

Fonon Quantum Technologies, Inc. and FTI, owns approximately 19% of the Company’s outstanding Common Stock. ICT provides

the Company accounting and various management services on an as-needed basis. During the nine months ended September 30, 2026, and 2025,

the Company incurred approximately $33,575 and $53,640, respectively, for such services. Mr. Nikitin has personally guaranteed certain

corporate credit card obligations of the Company. During the nine months ended September 30, 2026, and 2025, the Company paid him guaranty

fees of approximately $10,197 and $39,903, respectively. The guaranty remained in place at September 30, 2026. Accounts payable due to

ICT and its affiliates as of September 30, 2026, and December 31, 2025, were $310,814 and $349,461, respectively. On April 3, 2025, April

16, 2025, June 20, 2025, July 8, 2025, and July 12, 2025, the Company received from ICT unsecured loans in the principal amount of $200,000,

$400,000, $20,000, $101,000, and $30,000 respectively (the “ICT Loans”). The Company issued promissory notes, with interest

at $20,000, $40,000, $2,000, $10,000, and $3,000, respectively, and a maturity date of May 31, 2025, June 30, 2025, August 30, 2025,

September 8, 2025, and September 12, 2025, respectively. On September 12, 2025, the Company amended the promissory notes to include a

default provision that upon default, the loans bear an annual interest rate of 10% and are due on demand. The unpaid principal balance

of the ICT Loans as of December 31, 2025, was $751,000, and unpaid interest as of that date was $111,623. The outstanding principal of

these promissory notes was repaid in full during the nine months ended September 30, 2026, and $50,615 of accrued interest remained unpaid

as of September 30, 2026. On January 1, 2020 the Company entered into an exclusive worldwide

license agreement with ICT for its CleanTech laser-cleaning technology on a perpetual, royalty-free basis. On November 16, 2022,

the Company entered into a services agreement with FTI, whereby FTI agreed to maintain its federal

SAM registration on our behalf to facilitate military product manufacturing and to provide back-office transition services. In exchange,

the Company pays FTI a monthly service fee of 6.5%. On October 18, 2023, the Company entered into an exclusive worldwide license agreement

with FTI for its High-Power Turbo Piercing technology. Consideration comprised $350,000 in cash, 1,000,000 shares of Common Stock, and

a 6.5% running royalty on future applicable revenues. On May 21, 2024, the Company entered into an exclusive worldwide license with FDSS

for a portfolio of laser-material-processing technologies used in the Company’s anti-drone laser platform and semiconductor products.

Consideration comprised 3,000,000 shares of Common Stock and a 6.5% running royalty on future applicable revenues.

The

foregoing description of the Employment Agreement is not a complete description of the parties’ rights and obligations and is qualified

in its entirety by reference to the full text of the Employment Agreement, which is filed as Exhibit 10.1 hereto and is incorporated

herein by reference.

Resignation

of Chief Executive Officer

October 16, 2026, the Company announced that Wayne Tupuola, the Chief Executive Officer (“CEO”) of the Company, resigned

from serving as the CEO of the Company, effective as of October 13, 2026. In connection with his resignation, Mr. Tupuola also resigned

as a director on the Board, effective as of October 13, 2026. Mr. Tupuola resigned for personal reasons and his resignation is not the

result of any disagreement with the Company regarding any financial, accounting, or other matters. The Company thanks Mr. Tupuola for

his years of service to the Company. The Company anticipates entering into a consulting agreement with Mr. Tupuola and will summarize

its terms in a subsequent Current Report on Form 8-K.

Interim

President

October 13, 2026, the Board also ceased Ann Tewari’s service as Interim President of the Company and approved her return to her

prior position as Vice President, Operations of the Company. The Company thanks Ms. Tewari for her service as Interim President of the

Company.

Item

7.01 - Regulation FD Requirements.

October 16, 2026, the Company issued a press release announcing Mr. Nikitin’s appointment as Executive Chairman of the Company,

Mr. Tupuola’s resignation as a director and Chief Executive Officer of the Company and Ms.Tewari’s return to her prior position

as Vice President, Operations of the Company. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit

99.1 and is incorporated in this Item 7.01 by reference.

The

information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities

Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall

not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange

Act, except as expressly set forth by specific reference in such filing.

Item

9.01 Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

No.

Description

10.1+

Employment Agreement, dated October 16, 2026, by and between Dmitri Nikitin and Laser Photonics Corporation

99.1

Press release dated October 16, 2026

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document)

Management or compensatory agreement or arrangement.

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SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Laser Photonics Corporation

Date:

October 16, 2026

By:

/s/

Dmitri Nikitin

Dmitri

Nikitin

Executive

Chairman

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EX-10.1

Filename: ex10-1.htm · Sequence: 2

Exhibit

10.1

EMPLOYMENT

AGREEMENT

This

Employment Agreement (this “Agreement”), dated October 16, 2026, is by and between Laser Photonics Corporation, a

Delaware corporation (the “Company”), and Dmitri Nikitin (the “Executive”).

WHEREAS,

the Company desires to employ Executive, and Executive desires to be employed by the Company, as Executive Chairman of the Board of Directors

and shall have the duties of a principal executive officer of the Company, with the duties, authority, and responsibilities customarily

associated with the position of Chief Executive Officer, effective as of October 12, 2026 (the “Effective Date”);

and

WHEREAS,

this Agreement supersedes any and all prior employment agreements, offer letters, or similar agreements by and between Executive and

the Company.

NOW,

THEREFORE, in consideration of such employment and the mutual covenants and promises herein contained, and for other good and valuable

consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Executive agree that the above recitals

are hereby incorporated by reference into this Agreement and are binding upon the parties hereto and agree as follows:

1. Employment.

The Company hereby agrees to employ Executive, and Executive hereby agrees to be employed with the Company, upon the terms and conditions

contained in this Agreement. The employment of Executive shall commence for an initial term until the third anniversary of the Effective

Date (the “Employment Period”).

2. Duties.

During the Employment Period, Executive shall serve as Executive Chairman of the Board and shall have the duties of a principal executive

officer of the Company for purposes of its filings with the U.S. Securities and Exchange Commission and for purposes of corporate governance.

In such capacity, Executive shall have duties, authority, and responsibilities commensurate with those customarily associated with the

position of chief executive officer (i.e., shall assume the executive leadership responsibilities previously held by the Company’s

prior chief executive officer, Wayne Tupuola, following his resignation), including responsibility for the Company’s overall strategic

direction, management, operations, and performance, subject to the authority and oversight of the Board. Executive shall report directly

to the Board. All employees of the Company and of all of its Affiliates (as defined below) will report directly or indirectly to Executive

(provided that the Chief Financial Officer shall also report on a dotted line basis to the Board).

3. Time

Commitment. Executive shall serve on a full-time basis and devote Executive’s full business time, attention, skill, and

best efforts to the performance of Executive’s duties and responsibilities to the Company. Notwithstanding the foregoing, Executive

may, without prior approval of the Board, (a) manage personal and family investments, (b) engage in charitable, civic, and community

activities, and (c) engage in other business activities or serve as a director, officer, or advisor of other entities, without prior

disclosure to or approval by the Board, provided that such activities do not compete with the business of the Company, materially interfere

with Executive’s duties and responsibilities to the Company, or otherwise violate Executive’s obligations under this Agreement.

-1-

4. Compensation.

4.1 Base

Salary from Company. In consideration of all services rendered by Executive under this Agreement, the Company shall pay Executive

a base salary (the “Base Salary”) at an initial annual rate of $400,000, subject to applicable withholding, deductions,

and other taxes, and payable in accordance with the Company’s ordinary payroll practices (in effect from time to time). During

the Employment Period, Executive’s Base Salary will be reviewed on an annual basis and may be increased (but not decreased) based

on performance as determined by the Company and in the Board’s sole discretion. The Base Salary shall be paid in such installments

and at such times as the Company pays its regularly salaried employees, but no less often than once per month.

4.2 Equity

Award. As soon as reasonably practicable following the Effective Date, and subject to any required corporate, regulatory, or shareholder

approvals, the Company shall grant Executive an equity award equal to two million (2,000,000) shares of the Company’s common stock

(the “Equity Award”) under the Company’s 2019 Stock Incentive Plan which shall vest as follows: 50% of the Equity

Award shall vest on the date of grant and remaining 50% of the Equity Award shall vest ratably upon the first two (2) anniversaries of

the Effective Date, subject to Executive’s continued employment through each applicable vesting date, except as otherwise provided

in Section 6. The Equity Award shall be evidenced by a separate award agreement consistent with this Agreement to be entered into

by and between Executive and the Company.

4.3 Paid

Time Off. Executive shall be entitled to six (6) weeks of paid time off each year to be used in compliance with Company policy and

applicable law (including, if applicable, limitation on rollover over multiple years).

4.4 Benefits.

During the Employment Period, Executive shall be entitled to participate in any benefit plans offered by the Company as in effect from

time to time (collectively, “Benefit Plans”) on the same basis as those generally made available to other senior executives

of the Company, to the extent Executive may be eligible to do so under the terms of any such Benefit Plan. Executive acknowledges and

agrees that any such Benefit Plans may be terminated or amended from time to time by the Company in its sole discretion, in accordance

with applicable law.

4.5 Car

Allowance. During the Employment Period, the Company shall pay Executive a car allowance of $1,850 per month as reimbursement for

Executive’s vehicle costs (including insurance and maintenance). This car allowance right shall cease upon termination of Executive’s

employment.

5. Termination.

Executive’s employment hereunder may be terminated as follows:

5.1 Automatically

in the event of the death of Executive;

5.2 At

the option of the Company, by written notice to Executive or Executive’s personal representative in the event of the Disability

of Executive. As used herein, the term “Disability” shall mean a determination by an independent competent medical

authority (mutually agreed upon by Executive and the Company) that Executive is unable to perform Executive’s duties under this

Agreement with or without reasonable accommodation, for a period of one hundred twenty (120) consecutive days or one hundred eighty (180)

days in any three hundred sixty-five (365) day period. If there is a question as to the existence

of Executive’s Disability as to which Executive and the Company cannot agree, the same shall be determined in writing by a qualified

independent medical authority mutually acceptable to Executive and the Company. If the parties hereto cannot agree as to a qualified

independent physician, each of Executive, on the one hand, and the Company, on the other, shall appoint such a physician and those two

(2) physicians shall select a third who shall make such determination in writing. The determination of Disability made in writing to

the Company and Executive shall be final and conclusive for all purposes of this Agreement. Executive shall fully cooperate in

connection with the determination of whether Disability exists.

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5.3 At

the option of the Company for Cause (as defined in Section 6.3), on written notice to Executive; or

5.4 At

the option of Executive (a) for Good Reason (in accordance with the definition in Section 6.3) or (b) for any or no reason other

than Good Reason on thirty (30) days’ prior written notice to the Company, which the Company may, in its sole discretion, relieve

Executive of Executive’s duties and responsibilities or exclude Executive from any of the premises of the Company, or both (“Garden

Leave”), and during Garden Leave, Executive (i) shall remain an employee of the Company and continue to be subject to all of

Executive’s obligations under this Agreement, (ii) shall continue to be paid Executive’s full Base Salary, and (iii) shall

continue to be eligible to participate in the Company’s employee benefit plans in accordance with the terms of such plans; provided

that if Executive unilaterally resigns Executive’s employment before the end of such requisite notice period, then such resignation

shall be treated for purposes of this Agreement as a termination under Section 5.3.

6. Severance

Payments.

6.1 Termination

by the Company Without Cause, due to Death or Disability or Resignation by Executive for Good Reason. If Executive’s employment

is terminated by the Company without Cause, due to Executive’s death or Disability pursuant to Section 5.1 and Section 5.2, respectively,

or Executive resigns for Good Reason, Executive or Executive’s legal representatives, as applicable, shall be entitled to:

(a) as

soon as reasonably practicable following such termination, payment of Executive’s accrued and unpaid Base Salary, accrued and unpaid

paid time off, reimbursement of expenses under Section 7 hereof in each case accrued through the date of termination, and all

other accrued and vested amounts or benefits due to Executive in accordance with the Company’s benefit and compensation plans (other

than any compensation or benefits under any severance plans) (collectively, the “Accrued Compensation”); and

(b) subject

to Section 6.4, any unvested portion of the Equity Award as of the termination date shall fully vest as of such termination date;

and

-3-

continuation payments in accordance with the Company’s ordinary payroll practices, equal to twelve (12) months of Executive’s

then-current Base Salary (with the first payment being made on the next payroll date following General Release becoming effective and

irrevocable (provided that if such event can occur in two calendar years, the first payment shall not be made until the first payroll

date in the second calendar year) and such payment shall contain all amounts which should have been paid prior to such date, but were

not paid); and

(d) subject

to Executive’s timely election of continuation coverage under COBRA, reimbursement of the monthly premium cost of such COBRA continuation

coverage for Executive and Executive’s eligible dependents for a period of twelve (12) months following the date of termination,

or until Executive becomes eligible for group health coverage through a subsequent employer, if earlier.

6.2 Termination

by Executive without Good Reason or by the Company for Cause. Upon the termination of Executive’s employment by Executive without

Good Reason or by the Company for Cause pursuant to Section 5.3, Executive shall be entitled to receive only the Accrued Compensation.

6.3 Definitions.

(a) “Affiliate”

means, with respect to the Company, all of its subsidiaries.

(b) “Cause”

for purposes of this Agreement, “Cause” shall mean:

(i) Executive’s

continued failure or refusal to perform his employment duties after being given written notice and thirty (30) days to remedy such failure

or refusal;

(ii) Executive’s

willful misconduct, gross negligence, act of dishonesty or breach of trust in connection with Executive’s employment, which, if

curable, is not cured within thirty (30) days of written notice from the Company;

(iii) Executive’s

indictment for, or a plea of guilty or no contest to, any felony or criminal offense involving fraud, dishonesty, misappropriation or

serious moral turpitude;

(iv) Executive’s

violation of any material written policies of the Company or its Affiliates of which Executive has received written notice and which

violation is, in each case, if curable, not cured within thirty (30) days of written notice from the Company;

(v) Executive’s

breach of any restrictive covenant obligations to the Company or its Affiliates, including, without limitation, those set forth in Section

8 of this Agreement; or

(vi) material

breach by Executive of any of the provisions of this Agreement or any other agreement between the Company and its Affiliates on the one

hand and Executive on the other hand, which (if curable) is not cured within thirty (30) days of written notice.

-4-

Reason” shall mean, without Executive’s prior written consent, (i) a material diminution in Executive’s title,

authority, duties or responsibilities, except to the extent such reduction occurs in connection with an investigation of whether or not

the event constituting Cause occurred or due to Executive’s death or Disability or as required by applicable law; (ii) a material

reduction in Base Salary (material is defined as greater than ten percent (10%)) other than an across the board reduction in salary that

affects similarly situated executives of the Company; (iii) a material breach by the Company of any material provision of this Agreement;

or (iv) the relocation of Executive’s principal place of employment to a location more than fifty (50) miles from Executive’s

then-current principal place of employment. Any Good Reason termination will require thirty (30) days’ advanced written notice

by Executive of the event giving rise to Good Reason within thirty (30) days after Executive first learns of the applicable event, and

will not be effective unless the Company has not cured the Good Reason event within sixty (60) days following such notice. In order for

Executive to resign for Good Reason, Executive must resign from Executive’s employment within thirty (30) days after the failure

of the Company to cure a Good Reason event.

6.4 Conditions

to Payment. All payments and benefits due to Executive under this Section 6, other than the payment of Accrued Compensation,

or which are otherwise required by law (all other payments under Section 6, “Severance”), shall only be payable

if Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable

law) the release of claims that will be provided to the Executive by the Company (the “General Release”). Such General

Release shall comply with all requirements of Section 409A of the Code and be executed and delivered (and no longer subject to revocation)

within fifty-five (55) days following termination. Failure to timely execute and return the General Release or revocation thereof shall

be a waiver by Executive of Executive’s right to receive any Severance. In addition, Severance shall be conditioned on Executive’s

compliance with Section 8 hereof. Thereafter, the Company will have no further obligation to Executive under this Agreement.

7. Reimbursement

of Expenses. The Company shall reimburse Executive for all documented reasonable and necessary out-of-pocket business expenses

actually incurred and paid by Executive during the Employment Period (including expenses incurred from and after the Effective Date,

regardless of whether incurred prior to the execution of this Agreement) directly in connection with the business and affairs of the

Company and the performance of Executive’s duties hereunder, in each case subject to appropriate substantiation and itemization

of such expenses in accordance with the guidelines and limitations established by the Company from time to time. The Company shall reimburse

properly submitted and substantiated expenses within thirty (30) business days following submission.

8. Restrictions

on Activities of Executive. In consideration of the compensation and benefits provided for pursuant to Executive’s employment,

and Executive’s access to confidential information and trade secrets and specialized training, the sufficiency of which consideration

is hereby acknowledged, Executive agrees to the following covenants and their terms. Executive acknowledges and agrees that Executive

would not otherwise be entitled to employment with the Company, eligibility for Severance, and/or access to confidential information

and trade secrets and specialized training but for Executive’s agreement to the protective covenants contained in this Section

8, and that this Agreement is supported by good and valuable consideration to which Executive is not otherwise entitled. Executive

acknowledges and agrees that the covenants herein are ancillary to this Agreement.

-5-

8.1 Non-Competition.

Executive covenants and agrees that, during the Employment Period and for a period of twelve (12) months following Executive’s

last day of employment with the Company, regardless of the reason for termination (the “Restriction Period”), Executive

shall not: (a) engage in any Competitive Activity (as defined below) within the Prohibited Territory (as defined below); or (b) assist

anyone else in engaging in Competitive Activity within the Prohibited Territory. “Competitive Activity” means competing

against the Company or any of its Affiliates, by doing any of the following in the Prohibited Territory for an entity engaged in the

Business (as defined below): (a) performing the same or similar work as Executive performed on behalf of the Company at any time during

the last twenty-four (24) months of employment with the Company; (b) performing work in any executive or upper management capacity; (c)

performing work which involves the management or oversight of others who perform duties or services similar to the duties or services

Executive performed for the Company during Executive’s last twenty-four (24) months of employment with the Company; or (d) performing

work in any capacity that would be reasonably likely to risk the disclosure and/or use of Confidential Information (as defined below).

Notwithstanding the preceding, owning the stock or options to acquire stock totaling less than two percent (2%) of the outstanding shares

in a public company shall not, by itself, constitute Competitive Activity. “Business” means the business of the Company,

taken as a whole, conducted at any time on or prior to Executive’s date of termination (or, if earlier, the date of the applicable

event). “Prohibited Territory” means any state in the United States where the Company is providing services or has

provided services in the last twenty-four (24) months, as of the date of Executive’s termination, so long as the Company’s

revenue from that state is greater than ten percent (10%) of the Company’s overall revenue as of the date of Executive’s

termination. Executive acknowledges that, so long as Executive meets the salary threshold under Florida Statute § 542.43(3) of earning

greater than twice the annual mean wage of the county of Executive’s residence, this Agreement shall constitute a “Covered

Non-Compete Agreement” under Florida Statute § 542.43(6). Executive acknowledges and agrees that the covenant contained herein

is necessary to protect the Company’s legitimate business interests, including its Confidential Information and trade secrets,

clients, goodwill, reputation and referral sources.

8.2 Non-Solicitation.

(a) Customer

Non-Solicitation. Executive covenants and agrees that, during the Restriction Period, regardless of the reason for termination, Executive

shall not, directly or indirectly: (i) solicit or cause or attempt to solicit or cause any Restricted Customer (as defined below) to

purchase any services or products from any business other than the Company and/or its Affiliates that are competitive with or a substitute

for the services or products offered by the Company and/or its Affiliates; (ii) sell or provide any services or products to any Restricted

Customer that are competitive with or a substitute for the Company’s and/or its Affiliates’ services or products; or (iii)

solicit or cause or attempt to solicit or cause any supplier of goods or services to the Company and/or its Affiliates not to do business

with, or to reduce any part of its business with, the Company and/or its Affiliates. “Restricted Customer” means:

(A) any customer of the Company and/or its Affiliates with whom Executive had contact or communications at any time during Executive’s

last twenty-four (24) months as a Company employee; (B) any customer of the Company and/or its Affiliates for whom Executive supervised

the Company’s account or dealings at any time during Executive’s last twenty-four (24) months as a Company employee; and/or

(C) any customer of the Company and/or its Affiliates about whom Executive obtained any Confidential Information during Executive’s

last twenty-four (24) months as a Company employee.

-6-

(b)

Employee Non-Solicitation and Non-Raiding. Executive covenants and agrees that, during the Restriction Period, Executive shall

not, directly or indirectly, recruit, solicit or encourage any employee, independent contractor or any person employed by the Company

and/or its Affiliates at any point during Executive’s last six (6) months with the Company, with whom Executive worked or about

whom Executive had access to Confidential Information, to leave his or her employment or engagement with the Company and/or its Affiliates.

Executive acknowledges and agrees the covenants contained in this Section 8.2 are necessary to protect the Company’s legitimate

business interests, including its Confidential Information and trade secrets and its customer, supplier and employee relationships, goodwill

and loyalty.

8.3 Confidentiality.

Executive agrees and acknowledges that the Company and its Affiliates have developed Confidential Information (as defined below) at great

time and expense and further agrees that the Company and its Affiliates will continue to provide Executive with access to Confidential

Information and specialized training. Executive covenants and agrees that, except to the extent the use or disclosure of any Confidential

Information is required to carry out Executive’s assigned duties with the Company, during Executive’s employment with the

Company and perpetually thereafter with respect to trade secrets (for as long as such information is deemed a trade secret under applicable

law), and for five (5) years thereafter with respect to all other Confidential Information: (a) Executive shall keep strictly confidential

and not disclose to any person not employed by the Company and/or its Affiliates any Confidential Information; and (b) Executive shall

not use for the benefit of Executive or for any other person or entity any Confidential Information. “Confidential Information”

means all confidential, proprietary or business information related to the Company’s and/or its Affiliates’ business that

is furnished to, obtained by, or created by Executive during Executive’s employment with the Company and which could be used to

harm or compete against the Company and/or its Affiliates, including, by way of illustration, information relating to: (i) methods of

operation, customer lists, products, prices, fees, costs, technology, formulas, inventions, trade secrets, know-how, software, marketing

methods, plans, personnel, suppliers, competitors and markets; (ii) finances, including financial statements, balance sheets, sales data,

forecasts and cost analyses; and (iii) plans and projections for business opportunities for new or developing business, including marketing

concepts and business plans; provided, that, there shall be no obligation hereunder with respect to information that (i)

is generally available to the public on the Effective Date, (ii) becomes generally available to the public other than as a result of

a disclosure not otherwise permissible hereunder, (iii) has been independently developed or disclosed by others (except in connection

with any disclosure by another party in violation of such other party’s confidentiality obligations to the Company), or (iv) is

required to be disclosed by law, court order or other legal or regulatory process and Executive gives the Company prompt written notice

and the opportunity to seek a protective order. For the avoidance of doubt, Executive understands that pursuant to the federal Defend

Trade Secrets Act of 2016, Executive shall not be held criminally or civilly liable under any federal or state trade secret law for the

disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government official, either directly or

indirectly, or to an attorney, and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is

made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Nothing contained in

this Agreement shall limit Executive’s ability to communicate with any federal, state or local governmental agency or commission,

including to provide documents or other information, without notice to the Company. Further, nothing in this Agreement shall be deemed

to preclude Executive from testifying truthfully under oath if Executive is required or compelled by law to testify in any judicial action

or before any government authority or agency or from making any other legally-required truthful statements or disclosures.

-7-

8.4 Resignation

as an Officer and Director. Upon any termination of Executive’s employment, Executive shall be deemed to have automatically

resigned, to the extent applicable, if any, as an officer of the Company and any of its Affiliates, a member of the Board, or the board

of directors or equivalent of any of the Company’s Affiliates and as a fiduciary of any Company or Affiliate benefit plan. On or

immediately following the date of any termination of Executive’s employment, Executive shall confirm the foregoing by submitting

to the Company in writing a confirmation of Executive’s resignation(s).

8.5 Cooperation.

Upon the receipt of reasonable notice from the Company (including outside counsel), the Executive agrees that during the Employment Period

and thereafter, the Executive will respond and provide information with regard to matters of which the Executive has knowledge as a result

of employment hereunder, and will provide reasonable assistance to the Company, its Affiliates and their respective representatives in

defense of any claims made against the Company or any of its Affiliates, and will assist the Company and its Affiliates in the prosecution

of any claims made by the Company or any of its Affiliates, to the extent that such claims may relate to the Employment Period (collectively,

“Claims”). The Executive agrees to promptly inform the Company if the Executive becomes aware of any lawsuits involving

Claims that may be filed or threatened against the Company or any of its Affiliates. The Executive also agrees to promptly inform the

Company (to the extent that the Executive is legally permitted to do so) if the Executive is asked to assist in any investigation of

the Company or any of its Affiliates (or their actions) or another party attempts to obtain information or documents from the Executive

(other than in connection with any litigation or other proceeding in which the Executive is a party-in-opposition) with respect to matters

the Executive believes in good faith to relate to any investigation of the Company or any of its Affiliates, in each case, regardless

of whether a lawsuit or other proceeding has then been filed against the Company or any of its Affiliates with respect to such investigation,

and will not do so unless legally required. During the pendency of any litigation or other proceeding involving Claims, the Executive

will not communicate with anyone (other than the Executive’s attorneys and tax and/or financial advisors and except to the extent

that the Executive determines in good faith is necessary in connection with the performance of the Executive’s duties hereunder)

with respect to the facts or subject matter of any pending or potential litigation or regulatory or administrative proceeding involving

the Company or any of its Affiliates without giving prior written notice to the Company or the Company’s counsel. Upon presentation

of appropriate documentation, the Company will pay or reimburse the Executive for all reasonable and necessary out-of-pocket business

and travel expenses incurred by the Executive in complying with this Section 8.5.

8.6 Non-Disparagement.

During Executive’s employment with the Company, and at all times thereafter, Executive agrees that, except as required by applicable

law or compelled by process of law, Executive will not, nor permit anyone acting on Executive’s behalf to, (i) make any derogatory,

disparaging, or critical statement about the Company or any of its direct or indirect subsidiary companies, or any of their respective

current officers, directors, employees, shareholders, interest-holders, members, or lenders, or any persons who were officers, directors,

employees, shareholders, interest-holders, members, or lenders during Executive’s employment, or (ii) without Company’s prior

written consent, communicate, directly or indirectly, with the press or other media, concerning the past or present employees or business

of the Company or any of its direct or indirect subsidiary companies. The Company shall direct its directors and senior executive officers

not to make any derogatory or disparaging statement about Executive, except (A) as required by applicable law or compelled by process

of law or (B) for internal communications in connection with performance reviews or other internal discussions related to Executive.

8.7 Survival.

This Section 8 shall survive any termination or expiration of this Agreement or employment of Executive.

-8-

9. Remedies.

It is specifically understood and agreed that any breach of the provisions of Section 8 of this Agreement will result in irreparable

injury to the Company and that the remedy at law alone will be an inadequate remedy for such breach, and that in addition to any other

remedy it may have in the event of a breach or threatened breach of Section 8 above, the Company shall be entitled to enforce

the specific performance of this Agreement by Executive and to temporary and permanent injunctive relief without bond and without liability

should such relief be denied, modified or violated.

10. Blue

Pencil. Each of the rights enumerated in this Agreement shall be independent of the others and shall be in addition to

and not in lieu of any other rights and remedies available to the Company or any of its direct or indirect subsidiaries at law or in

equity. If any of the provisions of this Agreement or any part of any of them is hereafter construed or adjudicated to be invalid or

unenforceable because of the duration of such provisions or the area or scope covered thereby, Executive agrees that the court making

such determination shall have the power to blue-pencil, reform or reduce the duration, scope and/or area of such provisions to the maximum

and/or broadest duration, scope and/or area permissible by law, and in its reduced form said provision shall then be enforceable to the

maximum extent permitted by applicable law.

11. Severable

Provisions. The provisions of this Agreement are severable and the invalidity of any one or more provisions shall not affect

the validity of any other provision.

12. Notices.

All notices hereunder, to be effective, shall be in writing and shall be deemed effective when delivered by hand or mailed by (a) certified

mail, postage and fees prepaid, or (b) nationally recognized overnight express mail service, as follows:

to the Company:

Laser

Photonics Corporation

250 Technology Park

Lake Mary, Florida 32746

Attn: Qing Lu

Email:

qinglujin06@gmail.com

with

a copy (which shall not constitute notice) to:

Sheppard,

Mullin, Richter & Hampton LLP

321 North Clark Street

31st

Floor

Chicago, IL 60654

Attention: Alexander M. Schwartz

Telephone: 310.850.5207

E-mail:

aschwartz@sheppard.com

to Executive:

The

last address shown on records of the Company.

to such other address as a party may notify the other pursuant to a notice given in accordance with this Section 12.

-9-

13. Indemnification;

D&O Insurance.

13.1 Indemnification.

The Company shall indemnify and hold harmless Executive, to the fullest extent permitted by applicable law and the Company’s governing

documents, from and against any and all claims, liabilities, losses, damages, costs and expenses (including reasonable attorneys’

fees) arising out of or relating to Executive’s service as an officer, director, employee, or fiduciary of the Company or any of

its Affiliates, including in connection with any threatened, pending, or completed action, suit, investigation, or proceeding (whether

civil, criminal, administrative, or investigative); provided, that, such indemnification shall not extend to any claim,

liability, loss, damage, cost, or expense arising out of or relating to Executive’s fraud, gross negligence, criminal conduct,

or willful misconduct. This indemnification obligation is in addition to, and not in lieu of, any rights Executive may have under the

Company’s certificate of incorporation, bylaws, other governing documents, applicable law, or any separate indemnification agreement

between Executive and the Company, and shall survive the termination of Executive’s employment and this Agreement.

13.2 Advancement

of Expenses. The Company shall advance to Executive, within twenty (20) business days following Executive’s written request,

all reasonable expenses (including reasonable attorneys’ fees) actually and necessarily incurred by Executive in defending or otherwise

participating in any proceeding described in Section 13.1 above, subject to Executive’s undertaking to repay such amounts

if it is ultimately determined that Executive is not entitled to be indemnified under this Agreement or applicable law.

13.3 D&O

Insurance. The Company shall maintain directors’ and officers’ liability insurance covering Executive’s service

to the Company on terms (including coverage amounts and scope) no less favorable to Executive than the coverage provided to other similarly

situated senior officers and directors of the Company. Such coverage shall continue to apply to Executive with respect to acts or omissions

occurring during Executive’s service, for so long as such claims-made coverage may be maintained following Executive’s termination

of employment, consistent with the Company’s insurance program as in effect from time to time for its senior officers and directors

generally.

-10-

14. Miscellaneous.

14.1 Executive

Representation. Executive hereby represents to the Company that the execution and delivery of this Agreement by Executive and the

Company and the performance by Executive of Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene,

or be prevented, interfered with or hindered by, the terms of any employment agreement or other agreement or policy to which Executive

is a party or otherwise bound, and further that Executive is not subject to any limitation on Executive’s activities on behalf

of the Company as a result of agreements into which Executive has entered except for obligations of confidentiality with former employers.

To the extent this representation and warranty is not true and accurate, it shall be treated as a Cause event and the Company may terminate

Executive for Cause or not permit Executive to commence employment.

14.2 No

Mitigation or Offset. In the event of any termination of Executive’s employment hereunder, Executive shall be under no obligation

to seek other employment or otherwise mitigate the obligations of the Company under this Agreement, and there shall be no offset against

amounts due Executive under this Agreement on account of future earnings by Executive.

14.3 Entire

Agreement; Amendment. Except as otherwise expressly provided herein, this Agreement constitutes the entire agreement between the

parties hereto with regard to the subject matter hereof, superseding all prior understandings, discussions, and agreements, whether written

or oral. This Agreement may not be amended or revised except by a writing signed by the parties.

14.4 Assignment

and Transfer. The provisions of this Agreement shall be binding on the parties hereto and shall inure to the benefit of the Company

and any successor in interest to the Company who acquires all or substantially all of the Company’s assets. The Company may assign

this Agreement to an Affiliate. Neither this Agreement nor any of the rights, duties or obligations of Executive shall be assignable

by Executive, nor shall any of the payments required or permitted to be made to Executive by this Agreement be encumbered, transferred

or in any way anticipated, except as required by applicable law. All rights of Executive under this Agreement shall inure to the benefit

of and be enforceable by Executive’s personal or legal representatives, estates, executors, administrators, heirs and beneficiaries.

14.5 Waiver

of Breach. A waiver by either party of any breach of any provision of this Agreement by the other party shall not operate or be construed

as a waiver of any other or subsequent breach by the other party.

-11-

14.6 Withholding.

The Company shall be entitled to withhold from any amounts to be paid or benefits provided to Executive hereunder any federal, state,

local or foreign withholding, FICA contributions, or other taxes, charges or deductions which it is from time to time required to withhold.

14.7 Code

Section 409A.

(a) The

parties agree that this Agreement shall be interpreted to comply with or be exempt from Section 409A of the Code and the regulations

and guidance promulgated thereunder to the extent applicable (collectively “Code Section 409A”), and all provisions

of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code Section

409A. In no event whatsoever will the Company be liable for any additional tax, interest or penalties that may be imposed on Executive

under Code Section 409A or any damages for failing to comply with Code Section 409A.

(b) A

termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment

of any amounts or benefits considered “nonqualified deferred compensation” under Code Section 409A upon or following a termination

of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A and, for

purposes of any such provision of this Agreement, references to a “termination,” “termination of employment”

or like terms shall mean “separation from service.” If Executive is deemed on the date of termination to be a “specified

employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of

any benefit that is considered nonqualified deferred compensation under Code Section 409A payable on account of a “separation from

service,” such payment or benefit shall be made or provided at the date which is the earlier of (i) the expiration of the six (6)-month

period measured from the date of such “separation from service” of Executive, and (ii) the date of Executive’s death

(the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this

Section 14.7(b) (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay)

shall be paid or reimbursed on the first business day following the expiration of the Delay Period to Executive in a lump sum, and any

remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified

for them herein.

regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Code

Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit,

(ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses

eligible for reimbursement, or in-kind benefits, to be provided in any other taxable year, provided, that, this clause (ii) shall

not be violated with regard to expenses reimbursed under any arrangement covered by Internal Revenue Code Section 105(b) solely because

such expenses are subject to a limit related to the period the arrangement is in effect and (iii) such payments shall be made on or before

the last day of Executive’s taxable year following the taxable year in which the expense occurred.

(d) For

purposes of Code Section 409A, Executive’s right to receive any installment payments pursuant to this Agreement shall be treated

as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period

with reference to a number of days (e.g., “payment shall be made within thirty (30) days following the date of termination”),

the actual date of payment within the specified period shall be within the sole discretion of the Company.

-12-

14.8 Arbitration.

In consideration of the Company continuing to employ Executive and the benefits provided under this Agreement, Executive and the Company

each agree that if any contest or dispute arises between the parties with respect to this Agreement or Executive’s employment or

termination thereof, other than injunctive and equitable relief with regard to Section 8 hereof, such contest or dispute shall

be submitted to binding arbitration to occur in the State of Florida in accordance with the rules and procedures of the Employment Dispute

Resolution Rules of the American Arbitration Association (“AAA”) then in effect. The decision of the arbitrator shall

be final and binding on the parties and may be entered in any court of applicable jurisdiction. The parties shall bear their own legal

fees in any arbitration, and the Company shall pay the fees of the AAA and the arbitrator to the extent such fees exceed the amount of

an ordinary civil court filing fee, with Executive responsible for an amount equal to such ordinary filing fee. However, if any party

prevails on a statutory claim which affords the prevailing party attorneys’ fees, the arbitrator may award reasonable fees and

costs to the prevailing party, under the standards for an award of fees provided by law. The parties agree to file any demand for arbitration

within the time limit established by the applicable statute of limitations for the asserted claims or within one year of the conduct

that forms the basis of the claim if no statutory limitation is applicable. Failure to demand arbitration within the prescribed time

period shall result in waiver of said claims. This mutual arbitration agreement will cover all matters directly or indirectly related

to Executive’s recruitment, hiring, employment with or termination from the Company, except as expressly set forth herein as relates

to the parties’ ability to seek injunctive relief in a court of competent jurisdiction and except as expressly required by applicable

law. THE PARTIES UNDERSTAND AND AGREE THAT THEY ARE WAIVING THEIR RIGHTS TO BRING SUCH CLAIMS IN COURT, INCLUDING THE RIGHT TO A JURY

TRIAL. THE PARTIES ALSO AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN THEIR INDIVIDUAL CAPACITIES, AND NOT AS A PLAINTIFF

OR CLASS MEMBER IN ANY PURPORTED CLASS, REPRESENTATIVE OR COLLECTIVE PROCEEDING.

14.9 Governing

Law. This Agreement shall be construed under and enforced in accordance with the laws of the State of Florida, without regard to

the conflicts of law provisions thereof.

14.10 Counterparts.

This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and shall have the same effect

as if the signatures hereto and thereto were on the same instrument.

[remainder

of page intentionally left blank]

-13-

WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written.

LASER PHOTONICS CORPORATION

By: /s/ Qing Lu

Name:

Title: Director

EXECUTIVE

/s/ Dmitri Nikitin

Name: Dmitri Nikitin

EX-99.1

Filename: ex99-1.htm · Sequence: 3

Exhibit 99.1

LASE

Appoints Dmitri Nikitin Executive Chairman

ORLANDO,

Fla., October 16, 2026 — Laser Photonics Corporation (NASDAQ: LASE), an emerging directed energy and laser technology platform

developing applications for defense, semiconductor, pharmaceutical and industrial markets (the “Company”), today announced

the appointment of Dmitri Nikitin, the Company’s founder, as Executive Chairman of the Board of Directors and principal executive

officer responsible for leading the Company, with the authority and responsibilities customarily associated with the Chief

Executive Officer role.

The

appointment supports the Company’s strategy to build on its industrial laser business and expand into higher-value applications

in defense and semiconductor markets. Dmitri Nikitin brings more than 35 years of experience in laser technology innovation.

He holds an engineering degree in industrial electronics and quantum mechanics from Moscow Power Engineering University

and a PHD in Ministry of Electronics of USSR.

His

product innovation and executive leadership across multinational companies include the development of laser platforms for marking,

cutting, welding, glass separation, flat panel display processing, wafer processing, semiconductor processing and industrial manufacturing.

His engineering leadership at the Institute of Precise Technologies in the former Soviet Union helped create new laser

applications for components used in the space program.

Mr.

Nikitin’s inventions include patented methods for splitting precision glass with zero curve loss. He co-developed

the world’s first high-power fiber laser cutting system for IPG Photonics. Mr. Nikitin developed a mobile fiber-laser

platform for military mine-clearing applications, the first of its kind. He is a named inventor on three patent applications in

2026 relating to Bulk-to-Shape technology.

Mr.

Nikitin’s initial priorities will include advancing the Company’s Laser Shield Anti-Drone (“LSAD”) platform,

strengthening its engineering capabilities, developing a disciplined marketing and sales organization, and seamlessly integrating

the Company’s previous acquisitions and multiple product lines into one coherent organization.

Dmitri

Nikitin said, “We see an opportunity to apply our laser technology experience to solving two important challenges: defending against

emerging drone threats with affordable, and easily deployable directed energy laser systems and, modernizing the U.S. military’s

domestic manufacturing capacity with our existing industrial laser platforms.”

Commenting

on his appointment, Qing Lu, Chair of the Company’s Audit Committee, said, “We are pleased Mr. Nikitin accepted our proposal

to step in and lead our enterprise. His experience developing and scaling applications for

large international markets is exactly what our organization needs for the future.”

Mr.

Nikitin will assume the principal executive officer responsibilities previously held by Wayne Tupuola, who resigned as Chief Executive

Officer for medical reasons effective October 13, 2026. Mr. Nikitin will perform these responsibilities as Executive Chairman, and the

Company does not currently intend to appoint a separate Chief Executive Officer. Ann Tewari’s service as interim President concluded

on October 13, 2026, and she returned to her previous position as Global Vice President, Operations and Strategy.

Companies

led by Mr. Nikitin have won numerous honors, including Laser Photonics’ IEN Best Brands Award and William C. Schwartz Industry

Innovation Award from the Metro Orlando Economic Development Commission. Other honors include Florida’s Governor’s

Business Diversification Award in the Green-to-Gold category.

1 | P a g e

About

Laser Photonics Corporation

Laser

Photonics Corporation (NASDAQ: LASE) is an emerging defense and directed energy technology platform focused on developing laser applications

to address defense and security needs and applying its core industrial laser products to help modernize the domestic manufacturing

infrastructure required to support U.S. national security.

The

Company develops laser platforms for four principal markets: defense, semiconductor, pharmaceutical and industrial. Through internal

development, strategic acquisitions and partnerships, LASE intends to expand its technology portfolio, strengthen its advanced manufacturing

capabilities, scale the enterprise profitably and build shareholder value.

Cautionary

Note Concerning Forward-Looking Statements

Readers

are cautioned that the statements contained in this press release concerning the Company’s strategy, development and commercialization

of defense and other laser applications, potential acquisitions and partnerships, and plans to expand its product portfolio and manufacturing

capabilities are “forward-looking statements” as defined by the “safe harbor” provisions in the Private Securities

Litigation Reform Act of 1995. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act

of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical

fact, included or incorporated in this press release are forward-looking statements. Words such as “expect,” “anticipate,”

“should,” “believe,” “target,” “may,” “will,” “could,” “intend,”

“shall,” “would,” “approximately,” “likely,” “outlook,” and variations of

these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, but the

absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are not guarantees of

future performance, conditions or results. Forward-looking statements are subject to a number of risks and uncertainties, many of which

involve factors or circumstances that are beyond our control.

These

factors and circumstances include, but are not limited to the risks and uncertainties described in our most recent Annual Report on Form

10-K and Quarterly Reports on Form 10-Q and those indicated from time to time in other documents filed or to be filed with the Securities

and Exchange Commission by the Company. The forward-looking statements contained in this press release are based on our current expectations

and beliefs concerning future developments and their potential effects on us. If underlying assumptions to forward-looking statements

prove inaccurate, or if known or unknown risks or uncertainties materialize, actual results could vary materially from those anticipated,

estimated, or projected. The forward-looking statements contained in this press release are made as of the date of this press release,

and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements,

whether as a result of new information, future events, or otherwise. Persons reading this press release are cautioned not to place undue

reliance on forward-looking statements.

Investor

Relations Contact

Lucas

A. Zimmerman & Ian Scargill

Group – MZ North America

(262)

357-2918

LASE@mzgroup.us

Company

Investor Relations

InvestorRelations@laserphotonics.com

2 | P a g e

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Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

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-Section 12

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Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Securities Act

-Number 7A

-Section B

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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-Publisher SEC

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Local phone number for entity.

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No definition available.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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- Definition

Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Trading symbol of an instrument as listed on an exchange.

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No definition available.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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