Nuburu, Centennial, Colorado, USA, has announced an agreement with Tailwind Acquisition Corp (TWND) which puts the company on track to becoming publicly listed. Once the transaction is closed, Nuburu will operate under the name Nuburu Inc, from its current headquarters. It is expected to be traded under ‘BURU’.
Nuburu’s blue laser technology provides a solution for materials processing applications across e-mobility & automotive, energy storage, aerospace and Additive Manufacturing. In industrial applications, some critical materials (copper, gold and aluminium) don’t absorb all of the infrared wavelengths transmitted by traditional lasers, which can lead to the production of lower-quality parts. Blue lasers are said to circumvent this issue, while also making it possible to join dissimilar metals.
“As electrification and advances in manufacturing drive growth in our target markets, this capital infusion is intended to provide continued momentum for Nuburu,” stated Dr Mark Zediker, CEO, co-founder and president of Nuburu. “Looking ahead, we are focused on growing our customer base, expanding our distribution channels, accelerating development of our ultra-high brightness product family and scaling our manufacturing operations to meet demand globally. Our partnership with TWND is expected to accelerate our expansion plans to allow us to benefit from a position of strength in the public markets.”
Chris Hollod, CEO of TWND, added, “Our goal at TWND is to partner with a founder-led company that has a large addressable market and is positioned for rapid and sustainable long-term growth based on its technology, innovation and industry leadership. We are pleased to have the opportunity to join forces with Nuburu, a business offering solutions in metal processing that are critical to 3D printing, aerospace, consumer electronics, and e-mobility in the same way that picks and shovels were critical to the gold rush. Mark is a visionary CEO who is pioneering innovation to expand Nuburu’s transformative laser technology for a broad, leading-edge range of applications and industries.”