NUBURU announces the transition to a new Equity Line of Credit with Liqueous to support its innovative blue laser technology and commercialization efforts.
CENTENNIAL, Colo.–(BUSINESS WIRE)– NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in blue laser technology, today announced the termination of its Equity Line of Credit (ELOC) with Lincoln Park and the transition to a new ELOC with Liqueous, which was announced on October 7, 2024. The Company believes that the Liqueous ELOC will be supportive of its path to achieve commercialization.
About NUBURU
Founded in 2015, NUBURU, Inc. (NYSEAM: BURU) has positioned itself as a trailblazer in the field of blue laser technology. The Company develops and manufactures industrial blue lasers that leverage fundamental physics to create high-brightness and high-power designs. These lasers are engineered to produce higher quality welds and parts at a significantly faster rate than current traditional lasers.
NUBURU’s innovative blue laser technology is specifically utilized in laser welding and additive manufacturing processes involving critical metals such as copper, gold, and aluminum. The capability of these lasers to produce minimal to defect-free welds is a game-changer in the industry, allowing for a welding speed that can be up to eight times faster than traditional methods. This efficiency not only enhances productivity but also reduces costs for manufacturers across various sectors.
The Importance of the New ELOC
The transition to a new Equity Line of Credit with Liqueous signifies NUBURU’s strategic efforts to secure the necessary funding to drive its operations forward. With the challenges posed by capital access in today’s market, this new agreement is expected to provide a much-needed financial boost to support ongoing commercialization efforts.
Future Plans and Collaborations
NUBURU’s partnerships, particularly with industry leaders like GE Additive, highlight its commitment to advancing blue laser technology applications. The collaboration aims to explore the benefits of laser-based additive manufacturing, which has the potential to revolutionize production processes across various industries, including aerospace and automotive.
The company’s recent innovations and strategic shifts are designed not only to enhance operational capabilities but also to expand its market presence. As NUBURU continues to innovate, it remains focused on creating solutions that meet the evolving needs of its customers while adhering to the highest standards of quality and performance.
Risk Factors and Forward-Looking Statements
While NUBURU is optimistic about its future, it acknowledges the inherent risks involved in its operations. The press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, which may relate to anticipated developments, financial forecasts, and expected benefits from collaborations.
Key risks include the ability to meet the securities exchange’s listing standards, failure to achieve product development expectations, and challenges in accessing capital. Additionally, NUBURU recognizes that market volatility, competition, and changes in regulations could impact its operational success.
Conclusion
As NUBURU embarks on this new chapter with the Liqueous ELOC, it is committed to leveraging its blue laser technology to foster innovation and drive growth. The Company aims to fulfill its vision of becoming a leader in the industrial laser market while navigating the complexities of the financial landscape.
For more information about NUBURU and its groundbreaking technologies, please visit NUBURU’s website.
Additional Resources
For readers interested in learning more about the applications and advancements in blue laser technology, consider exploring resources like Laser Focus World and Photonics.com, which provide insights into industry trends and technological innovations.to navigating challenges and seizing opportunities as it continues its journey toward commercialization.