Nuburu (NYSE: BURU) stock surged over 50% in intraday trading Friday after securing a purchase order from Blueacre Technology for its BlueScan solution.
Nuburu (BURU) recently announced it has received a purchase order from Blueacre Technology, an Ireland-based medical device manufacturer, for its innovative BlueScan solution. Blueacre Technology will integrate Nuburu’s BL laser with scan head optics to develop a versatile welding system for manufacturing various precision medical devices.
With this latest order, Nuburu is extending its market focus to include the medical devices industry. Previously, the company was focused on the electric vehicle industry, next-generation computers, consumer electronics, and communication (3C) device manufacturing.
The NUBURU blue laser addresses the growing demand for non-contact, high-speed processes with minimal defects in various manufacturing applications. In the electric vehicle industry, blue laser technology replaces slower methods such as ultrasonic and resistance welding, offering significant cost savings and operational efficiencies. The NUBURU blue laser, compatible with materials like copper, aluminum, titanium, and stainless steel, could transform electric vehicle battery production by enhancing manufacturing efficiency and product quality.
This development comes shortly after the National Aeronautics and Space Administration (NASA) awarded Nuburu an $850,000 Phase II contract through its Small Business Innovation Research (SBIR) program. This contract aims to advance blue laser power transmission technology as a unique solution for dramatically reducing the size and weight of equipment needed for Lunar and Martian applications.
Nuburu (NYSE: BURU) Stock Price Action
Following this announcement, BURU stock soared 51.88% to close at $0.21 on Friday, marking a 59.11% increase for the week. Trading activity was exceptionally high, with 253,064,401 (253.06 million) shares changing hands, well above the average daily volume of 1.44 million.
