Quebec-City (Canada). July 10th 2015. SOVAR, a Laserax collaborator for over 3 years, wishes to announce that the young company has recently concluded a new financing round totalling $1.2 M. This investment will allow Laserax to accelerate the development and commercialization of a new laser marking and metal traceability solution particularly for the aluminium sector.

This financial support will help Laserax export its marking technology to international markets with the goal of becoming a leader in the field of industrial laser traceability.

Laserax’s mission is to be the reference in laser materials processing engineering. More specifically, the company markets solutions for the following industry sectors: metals, polymers, wood, textiles, packaging and food. Laserax designs innovative laser systems for marking, cutting and welding to fulfil the needs of a diverse customer base. The company also offers its expertise for feasibility studies, industrial integration of laser technologies and laser safety. For further information on Laserax, visit their website.