Shares of Laser Photonics Corp. LASE, +39.42% blasted off again on heavy volume Thursday, after the laser-cleaning company said Coca-Cola Co. KO, +1.31% implemented its first CleanTech Handheld Laser Blasting system in beverage giant’s manufacturing facilities. Coca-Cola will be using the laser-cleaning system to remove corrosion from its plastic bottle molds. “With our foot in the door, we can now focus on further penetrating similar and new use cases within the organization,” said Laser Photonics Chief Executive Wayne Tupuola. The announcement follows an announcement from Tuesday that the company received an order from the U.S. Navy, which lifted the stock 44.4% on volume of 69.2 million shares. The stock shot up 36.7% in morning trading on volume of 33.3 million shares in morning trading. It has more than doubled — soaring 114.4% — in the past three days, but is still 19.8% below the initial public offering price of $5. The company went public on Sept. 30, and the stock closed as low as $1.87, or 62.6% below its IPO price, on Monday.
