What Laserage Technology Corp does

Laserage Technology Corp is a precision laser contract manufacturer serving the medical device industry, operating as a brand of Paragon Medical, which is itself a division of AMETEK Inc. (NYSE: AME), a publicly traded diversified industrial conglomerate. Founded in 1979 and headquartered in Waukegan, Illinois, the company runs a fleet of more than 45 laser systems utilizing over 65 individual lasers to fabricate precision medical device components for OEMs worldwide. The company's core offerings span stent manufacturing for vascular applications, comprehensive implantable medical device processing, orthopedic component fabrication, and medical instrument components. Supporting capabilities include Laser Swiss Machining, laser wire welding, laser ablation of fine wire, Nitinol laser processing, catheter assembly, silicone molding, custom interconnect solutions, and smart cables / PCB work, forming an integrated precision manufacturing portfolio organized around laser processing as the foundational technology.

The company's service model is custom B2B contract manufacturing with project-based pricing — quote-based engagements rather than standardized catalog offerings — and the GTM is enterprise field sales, with the Director of Sales & Product Management (Tom Purnell) serving as the primary point of engagement. Customer segmentation is vertical, organized by medical device end-market (vascular, orthopedic, implantable, surgical/medical instruments). End-to-end processing is a key value proposition: Laserage takes implantable components from raw laser cutting through intermediate steps such as annealing, shape setting, micro-abrasive blasting, and electropolishing, delivering finished or near-finished components to OEM customers. The company references ISO 13485 quality certification alongside RoHS, REACH, and conflict-materials compliance, consistent with the regulatory demands of medical device supply chains.

Operationally, the company sells into a global medical device customer base from a single Illinois facility and benefits from cross-brand leverage within the AMETEK / Paragon Medical portfolio, which covers adjacent manufacturing platforms including silicone molding, catheter assembly, and electronic interconnects. Strategic posture emphasizes precision, medical-industry specialization, and long-tenured process expertise (47+ years) rather than scale, automation, or software differentiation. Revenue, customer concentration, and detailed financial metrics are not publicly disclosed at the brand level, as Laserage is a non-reporting unit within a public parent.

Name

Laserage Technology Corp

Legal name

Laserage Technology Corp

Website

https://laserage.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

Laserage Technology Corp is a precision laser contract manufacturer for medical device OEMs, founded in 1979 and operating as a brand of Paragon Medical within AMETEK Inc. The company runs 45+ laser systems to produce stents, implants, orthopedic components, and surgical instrument parts for medical device manufacturers worldwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Waukegan

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Custom Laser Contract Manufacturing: B2B contract manufacturing services providing custom laser processing for medical device components. Services include laser cutting, annealing, shape setting, micro-abrasive blasting, electropolishing, and finished component delivery. Revenue generated through custom manufacturing projects for medical device companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Laserage Technology Corp is a precision laser contract manufacturer specializing in medical device component fabrication. Operating a fleet of over 45 laser systems with 65+ individual lasers, the company delivers custom laser processing services including stent manufacturing, implantable medical device processing, orthopedic components, and medical instrument components. Services span the full manufacturing workflow from laser cutting through finishing processes such as annealing, shape setting, micro-abrasive blasting, and electropolishing.

Product overview

Laserage is a precision laser processing service provider and contract manufacturer specializing in medical device components. The company operates over 45 laser systems with more than 65 lasers to deliver custom laser manufacturing capabilities. Its core offerings include Stent Manufacturing for vascular applications, Implantable Medical Devices processing (from laser cutting through finishing), Orthopedic Components, and Medical Instrument Components. Supporting these core services are specialized capabilities such as Laser Swiss Machining (new launch), Laser Wire Welding, Laser Ablation of Wires, Nitinol Laser Processing, Catheter Assembly, Silicone Molding, Custom Interconnect Solutions, and Smart Cables PCB. The portfolio functions as an integrated precision manufacturing ecosystem where laser processing capabilities serve as the foundational technology across multiple medical device manufacturing domains.

Differentiator

Problem solved

Functional benefit

Products and services

• Stent Manufacturing Precision laser manufacturing services for vascular system medical applications including stents, with adjacent applications in birth control, kidney stone pain control, and esophageal/gastrointestinal devices. Serves medical device manufacturers worldwide with technologically advanced manufacturing techniques.
• Implantable Medical Devices Comprehensive processing of implantable medical device components from laser cutting through finished component delivery, including intermediate steps such as annealing, shape setting, micro-abrasive blasting, and electropolishing. For implantable medical device manufacturers.
• Orthopedic Components Precision laser processing services for orthopedic device components, serving orthopedic implant manufacturers and surgical component producers.
• Medical Instrument Components Precision manufacturing services for medical and surgical instrument components using laser processing technology, serving producers of medical and surgical instruments requiring tight tolerances.
• Laser Swiss Machining Advanced laser machining capability combining laser processing with Swiss screw machining for precision medical device components.

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Novanta: Novanta supplies precision motion, photonics, and laser-based components and sub-systems to medical and industrial OEMs, including for minimally invasive surgery and laser-based medical manufacturing. It is comparable to Laserage as a participant in the medical laser manufacturing value chain, although positioned as an equipment/component supplier.
• Trumpf: Trumpf is a major European manufacturer of industrial lasers and laser systems used in medical device manufacturing, including ultrafast lasers for stent and implant production. It is adjacent to Laserage as an equipment and technology supplier to the same medical OEM customer base.
• Coherent Corp: Coherent is one of the largest global manufacturers of laser sources and laser-based processing equipment used in medical device manufacturing, including in stent cutting and welding. While it is primarily a laser equipment supplier rather than a contract manufacturer, it competes indirectly with Laserage where OEMs bring processing in-house using Coherent systems.
• IPG Photonics: IPG Photonics is a leading global manufacturer of high-power fiber lasers used widely in medical device laser processing, including stent cutting and welding applications. As a laser source supplier, it shapes the technology economics underlying Laserage's service offerings and competes indirectly via OEM in-housing decisions.

Emerging players

• GF Machining Solutions: GF Machining Solutions provides precision machining, EDM, and laser texturing systems used in medical device manufacturing, including implants and instruments. It competes indirectly with Laserage where OEMs use its equipment to bring component fabrication in-house.

Direct peers

• Amada Weld Tech: Amada Weld Tech provides laser welding, marking, and micromachining systems and services, including for medical device manufacturing. It overlaps with Laserage in laser-based medical component fabrication, although it also sells capital equipment and serves non-medical industrial customers.
• Resonetics: Resonetics is a leading laser contract manufacturer for the medical device industry, offering laser cutting, welding, drilling, and finishing services for nitinol, stainless steel, and other alloys used in stents, implants, and catheters. It is the most direct competitive overlap to Laserage in terms of technology, customer base, and service portfolio.
• Preco: Preco is a contract manufacturer providing laser cutting, welding, and micromachining services to medical, automotive, and industrial markets. Its medical device contract manufacturing business competes with Laserage for OEM outsourcing programs in stents, implants, and similar precision components.
• Norman Noble: Norman Noble is a precision laser contract manufacturer specializing in micromachining of medical implants and devices, with deep capabilities in stent and orthopedic component production. It competes head-to-head with Laserage for the same medical OEM customers using a comparable laser-based service model.

Regional players

• Han’s Laser: Han’s Laser is a leading Chinese manufacturer of industrial laser equipment and provider of laser processing services across multiple industries including medical devices. It represents the low-cost Asian competition that pressures U.S.-based medical laser contract manufacturers like Laserage on commodity stent and implant cutting work.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ParagonMedical
• Facebookfacebook.com/AMETEKParagonMedical
• LinkedInlinkedin.com/company/laserage-technology-corp
• Xx.com/laseragetech

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Laserage Technology Corp