Laboratory of Advanced Imaging Technology (LAIT)

Pronounced: "/laɪt/" or "/léi/"

Pun

French "/léi/" (Masculine noun) "Milk".

Etymology 1 "/laɪt/" From Middle English leyt, layt, leit, lait, from Old English līeġetu (“lightning, flash of lightning”), from Proto-West Germanic *laugiþu (“lightning”), from Proto-Indo-European *leuk- (“to shine”). Related to Old English līeġ (“fire, flame, lightning”). Compare also Old High German laugazan, lōhazan (“to be red, shine, sparkle”), Gothic (lauhatjan, “to lighten”). 

Etymology 2 "/laɪt/" From Middle English laiten, leiten, from Old Norse leita (“to seek, search, inquire”), from Proto-Germanic *wlaitōną (“to look out, see”), from Proto-Indo-European *wel- (“to see”). Cognate with Norwegian Nynorsk leita (“to search”), Icelandic leita (“to search”), Swedish leta (“to search, hunt, forage”), Old English wlātian (“to gaze, observe, look upon, behold”).

Verb: lait (transitive, intransitive, Britain dialectal, obsolete) "to seek"; "search for"; "inquire".

https://en.wiktionary.org/wiki/lait