What's Next

Dear Shareholders,

As someone who has dedicated more than fourdecades to the engineering and surface technologies industries, includingfounding and building LaserBond from the ground up, I feel compelled to addressan issue that affects not just our company, but many technically drivenenterprises. The disconnect between true strategic value and market perception.

In recent months, commentary aroundLaserBond’s share price and overall market valuation has raised questions.While analysts and financial commentators perform a valuable role in themarket, there are clear limitations when companies like ours are assessedwithout a deep understanding of the industries in which we operate, or of thetechnical expertise required to lead in such a specialised field. A lack ofappreciation for the depth of LaserBond’s core technologies, as well as thetechnical prowess and applied knowledge that was historically embedded withinits management, leads to an oversimplified or misguided valuation narrative.This disconnect becomes especially problematic when key strategic decisions orlong-term investments are evaluated through a purely financial lens, withoutcontext or comprehension of the underlying engineering complexity and industry-specificopportunity.

Despite this, our value is often compared togeneric industrial service providers, ignoring the technical depth, strategicpositioning, and export potential of what we've created. When analysts lackdirect familiarity with laser cladding, additive manufacturing, or thecomplexity of high-performance surface engineering, and materials, theresulting market narratives can be shallow and, at times, misleading.

For example, strategic opportunities, such aspartnerships with additive manufacturing leaders like AML3D or entry into theU.S. market through collaboration, can be undervalued or dismissed altogether.Similarly, investments in R&D or in the support of international Licenseesmay be viewed as overhead rather than what they truly represent: calculatedinvestments in scalable, IP-driven growth.

I must also note that several concerns andpredictions I have raised publicly in the past, including in my initial postfrom December 2023, have materialised. From the erosion of trust among keyLicensees to the underappreciation of high-value strategic opportunities, thesedevelopments underscore the importance of proactive governance, technicaldepth, and an informed strategic vision. These outcomes were not unforeseeable.They were, in fact, entirely preventable.

Equally important is the ongoing need tomaintain and strengthen our technical competency, both in the individualprocesses we’ve mastered, and in the emerging technologies and materials thatwill shape the next decade of engineered surface solutions. The fields of lasercladding, additive manufacturing, and advanced metallurgy are evolving rapidly.New alloys, deposition techniques, sensor integration, and data-driven processcontrol are no longer optional; they are essential to staying competitive andcredible on the world stage.

Failure to stay at the forefront throughcontinuous training, process refinement, and technology adoption poses a significantrisk. It can lead to declining confidence from Licensees and customers, reducedperformance in the field, and the erosion of hard-earned brand trust.
Justrecently, a Licensee reached out to me directly after struggling with technicalchallenges. After viewing a couple of images and a single phone conversation, I resolved their issue quickly, free of charge, over the phone. During ourconversation, it was discovered that incorrect guidance had previously beenprovided, resulting in significant operational disruption, increased costs, anda loss of trust. These are real-world consequences when technical excellence isnot preserved and passed on.

I want to reassure shareholders that myongoing engagement, is driven solely by a desire to see LaserBond reach itsfull potential, both in performance and in market recognition. I am motivated solelyby my deep belief in the company, its mission, and the legacy of innovation thatwe’ve built over three decades of hard work, passion, study, experimentation and, most importantly, belief and faith in the directions from God.

I encourage all stakeholders to view LaserBondthrough the lens of strategic capability, technological leadership, andlong-term vision, not just quarterly financial data. There is substantialuntapped value here, and with the right alignment between internalcapability and external market understanding, I believe it can berealised.

I've attached a letter that I emailed to theLaserBond Board of Directors requesting clarification about serious events regardingstrategic direction, technical competency, governance, and support for ourinternational Licensees.

These issues affect long-term growth, brandtrust, and, ultimately, shareholder value.

If any of this resonates with you, I encourageyou to make your voice heard, too. Collective engagement matters. This is aboutprotecting what’s been built and unlocking the full potential of the company.

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Warm regards,
Gregory Hooper
Founder, Innovator, and Long-Term Shareholder
LaserBond Limited