Robolase Goes Public Through Stock Exchange

Robolase Systems Inc. of Costa Mesa, a private firm specializing in laser and fiber-optic technology, said Monday it will become a public company through an exchange of stock with Black Hawk Resources Co. of Holmdel, N.J.

Robolase founder and President Christian Vahab said the owners of Robolase will wind up with about 70% of the stock of Black Hawk, which owns half of a New Jersey chemical company. Black Hawk stock is traded over the counter.

After the reverse acquisition, the company’s name will be changed to Robolase and its headquarters will be moved to Costa Mesa. A secondary stock offering is planned to raise working capital for Robolase.

Founded in 1983, Robolase has developed a fiber-optic device that enables a single high-power laser to support as many as 10 industrial work stations, such as factory-line robotic welders. Vahab said Robolase expects to generate sales of more than $3 million next year.