• US expansion temporarily on hold due to economic conditions
• Focus on optimizing existing operations and improving profitability
• Commitment to long-term growth strategy remains unchanged

Laserbond Ltd, a leading provider of advanced surface engineering solutions, has announced that its planned expansion into the US market is temporarily on hold. The decision comes as the company reassesses its growth strategy in response to the current economic climate. While Laserbond remains committed to its long-term growth plans, the management team has determined that the near-term focus should be on optimizing the company's existing operations and improving overall profitability. This includes a review of cost structures, operational efficiencies, and the alignment of resources to better serve the company's core markets.The company's leadership emphasized that this is a temporary pause in the US expansion plans, and that Laserbond remains confident in the long-term potential of the US market. The company will continue to monitor economic conditions and will revisit its expansion plans when the time is right.In the meantime, Laserbond will concentrate on strengthening its position in its existing markets, leveraging its technical expertise and strong customer relationships to drive growth and enhance shareholder value.

Laserbond remains committed to its long-term growth strategy and will continue to explore opportunities to expand its global footprint when the economic conditions are more favorable. The company is focused on optimizing its existing operations and improving profitability in the near term.