Fonon Corporation Announces Expansion Into New South American Markets

​Fonon Corporation (OTC: FNON) has announced its expansion into new South American markets, increasing its acceptance footprint in the continent and securing several strategic agreements in Portuguese-speaking and Spanish-speaking markets.
According to the press release:

The company’s laser-based subtractive material processing products, presented under the Laser Photonics brand, were previously available in several Latin American markets; recent technology updates, combined with the brand’s longstanding reputation for durability, have led to multiple new customers in Brazil and Colombia.
Fonon, the parent company of Laser Photonics, is currently collaborating with large manufacturers, integrators, and distributors in the region.  New sales in the region have mainly consisted of laser-based marking and engraving machines and the high-volume Drillmaster system, a specialized high-speed laser drill bit marking system which is maintenance-free and requires no consumables.
“We’re pleased to announce multiple shipments to Latin America, and additional orders booked to Brazil and Colombia which will be fulfilled during Q1 of 2016,” said Jay Schlegel, Vice President of Fonon.  “It is encouraging to see that ongoing economic development, steady population growth and encouraging manufacturing outlook in these countries has translated to an increasing need for advanced manufacturing solutions.”

 
Click here to read the full press release.