Laser Photonics Corp Names Dmitri Nikitin as Executive Chairman
News related to:Laser Photonics Corp · 2 min read
ORLANDO, Fla., October 16, 2026 /CourierPR/ -- Laser Photonics Corp, an emerging defense and directed energy technology platform, has appointed Dmitri Nikitin as Executive Chairman of the Board of Directors and principal executive officer, taking over from Wayne Tupuola who resigned due to medical reasons effective October 13, 2026. Nikitin, the company’s founder, will lead the organization as it aims to expand into higher-value applications in defense and semiconductor markets.
Nikitin, a seasoned laser technology innovator with over 35 years of experience, brings a wealth of expertise to the role. His career highlights include the development of laser platforms for various applications such as marking, cutting, welding, and semiconductor processing. He also co-developed the world's first high-power fiber laser cutting system for IPG Photonics and created a mobile fiber-laser platform for military mine-clearing applications.
In his new position, Nikitin will focus on advancing the company’s Laser Shield Anti-Drone (LSAD) platform, strengthening engineering capabilities, developing a disciplined marketing and sales organization, and integrating the company’s previous acquisitions and multiple product lines into a cohesive structure. His initial priorities will also include 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 existing industrial laser platforms.
Commenting on his appointment, Qing Lu, Chair of the Company's Audit Committee, expressed satisfaction with Nikitin's acceptance of the proposal.
Nikitin's appointment supports the company's strategic direction to build on its industrial laser business and expand into higher-value applications. The company’s focus on defense and directed energy technology aligns with its mission to address defense and security needs and modernize the domestic manufacturing infrastructure required to support U.S. national security.
The company’s product innovation and executive leadership have been recognized with numerous honors, including the Laser Photonics' IEN Best Brands Award and the William C. Schwartz Industry Innovation Award from the Metro Orlando Economic Development Commission. Additionally, Laser Photonics has received Florida's Governor's Business Diversification Award in the Green-to-Gold category.
Laser Photonics Corporation (NASDAQ:LASE) continues to develop laser platforms for four principal markets: defense, semiconductor, pharmaceutical, and industrial. Through internal development, strategic acquisitions, and partnerships, the company aims to expand its technology portfolio, strengthen its advanced manufacturing capabilities, and build shareholder value.
Forward-looking statements in this press release are subject to various risks and uncertainties, including those described in the company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.