Completes a Second Investment Round to Support its Growth
Summary
Bringing Laser Marking Technology from the Lab to the Production Floor The major aluminum smelters based in the province of Quebec (Rio Tinto, Alcoa and Aluminerie Alouette) originally contacted Laserax’s founders, Alex Fraser and Xavier Godmaire, to develop a laser marking system in order to ensure complete traceability of their products: aluminum ingots and sows. You can learn more by reading the article by Mr. Gilbert Leduc (French only) in the Québec City newspaper, Le Soleil, from March 9, 2016: Xavier Godmaire and Alex Fraser (Laserax). Although Laserax’s revenues primarily come from sales in other countries, Mr. Godmaire is aware that there is still a lot of work to be done for the company to commercialize its solutions on an international scale. “Laserax is a Québec company with a great product; however, it has to come out of its shell to become a leader on a global scale,” he explained during an interview with Le Soleil. Currently, Laserax is opening sales offices in Europe and Mexico to support its international expansion and offer local customers the timely services they expect.