Laserblast 2 was a cancelled sequel to the film Laserblast, first announced in January 1, 1980. As the years went by, various updates about the movie surfaced, stating it as being in various stages of development, but no footage was ever released. Eventually, in the early 1990s, the rights for the film went up for sale. No one knows if they were bought, and the movie has never seen the light of day.
The IMDB page for the first film, that makes note of the sequel