Laser Projection Tech

Laser Projection Technologies (LPT) was a specialized manufacturer of 3D laser projection and measurement systems. Founded in 1996, the company was headquartered in Londonderry, New Hampshire. LPT's core business involved providing high-precision, long-range 3D laser systems for manufacturing and metrology, targeting applications that require exact component alignment.

The company's technology served as a 'light templating' solution, projecting a visual guide directly onto a work surface based on 3D CAD data. This process allowed operators and inspectors to position parts or verify assembly without physical templates or blueprints, streamlining production and reducing costs. The system was implemented across various sectors, including aerospace, automotive, marine, composites, and heavy equipment manufacturing. The product lineup included solutions for laser-assisted assembly and verification, such as the LPT8 3D Laser Projector, which operated with the proprietary RayTracer® Software Suite.

Throughout its history, Laser Projection Technologies secured venture capital funding, with investors including 424 Capital and Shiprock Capital. Brook Venture Partners was the first institutional investor, aiding the company in expanding its product line and revenue. A significant milestone was the 2015 launch of the LPT100, a rapid laser radar with 3D measurement capabilities. On August 26, 2016, FARO Technologies (NASDAQ: FARO), a prominent provider of 3D measurement and imaging solutions, acquired Laser Projection Technologies for $17.2 million. The acquisition was part of FARO's strategy to enhance its factory metrology offerings.

Keywords: laser projection, 3D measurement, manufacturing alignment, light templating, component alignment, factory metrology, aerospace manufacturing, composite manufacturing, laser-guided assembly, industrial laser systems, FARO Technologies, precise alignment, CAD-based projection, automotive assembly, marine manufacturing, heavy equipment, production efficiency, quality inspection, advanced manufacturing, venture-backed, acquisition