Experienced laser industry veteran takes the helm to lead NUBURU’s growth plans
NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced the executive appointment of Dr. Matthew Philpott as Chief Marketing and Sales Officer. Dr. Philpott will oversee all aspects of marketing and sales. He will lead the team to further develop NUBURU’s product roadmap and to accelerate market penetration across all segments.
“We are excited to welcome Matthew as Chief Marketing and Sales Officer as he brings a proven track record of globally-coordinated, exponential growth and a vision for customer success which addresses the full customer experience from process development to mass production,” said Dr. Mark Zediker, CEO and Co-Founder of NUBURU. “Matthew will help drive our ambitious growth plans and accelerate NUBURU’s commercial efforts.”
“NUBURU’s technology is critically important today as mass production inherently demands zero rework, and a stable process-window which can easily be adopted to unpredicted production challenges,” said Dr. Philpott. “Customers demand parts per million yields, not simply a best effort. As NUBURU’s blue lasers offer precision, speed, near defect-free and a multi-emitter redundancy that is unmatched by current state of the art solutions, the timing is perfect for the blue solution from NUBURU. I could not be more honored to join NUBURU’s executive team at such a pivotal time.”
Dr. Philpott brings over 20 years of laser industry experience from Coherent Corp. where he was most recently the Director of Global Business Development. At Coherent, Dr. Philpott led a multinational electric vehicle welding team, taking Coherent from a new entrant to being a globally recognized top supplier for battery and EV production. Dr. Philpott holds a B.S. in Chemistry from Furman University and a Ph.D. in Physical Chemistry from the University of Washington.
Founded in 2015, NUBURU is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and their high-brightness, high-power design to produce faster, higher quality welds and parts than current lasers can provide in laser welding and additive manufacturing of copper, gold, aluminum and other industrially important metals. NUBURU’s industrial blue lasers produce minimal to defect-free welds that are up to eight times faster than the traditional approaches — all with the flexibility inherent to laser processing.
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including management’s expectations regarding the Company’s growth. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “seek,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by NUBURU and its management, are inherently uncertain and many factors may cause the Company’s actual results to differ materially from current expectations which include, but are not limited to: (1) the ability to continue to meet NYSE American’s listing standards; (2) failure to achieve expectations regarding its product development and pipeline; (3) the inability to access sufficient capital to operate as anticipated; (4) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) changes in applicable laws or regulations; (6) the possibility that NUBURU may be adversely affected by other economic, business and/or competitive factors; (7) volatility in the markets caused by geopolitical and economic factors; and (8) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in NUBURU’s Current Report on Form 8-K filed by NUBURU with the Securities and Exchange Commission (the “SEC”) on February 6, 2023, Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022 filed by NUBURU with the SEC on November 14, 2022 and other documents filed with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. NUBURU does not give any assurance that it will achieve its expected results. NUBURU assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities laws.