Articles from Syntec Optics

ROCHESTER, NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of technology solutions for defense, communications, biomedical, and consumer end-markets, today announced significant development progress on its new data center connectivity optics and military integrated scope optics.

ROCHESTER, NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of precision optics solutions for defense, communications, biomedical, and consumer end-markets, today announced preliminary expectations for its first quarter 2025 financial results, projecting a return to double-digit EBITDA. This positive outlook resulted from significant efforts by the new team focusing on operations efficiency and financial discipline. The company also continued to invest in new products for space optics, defense tech, biomedical optics, and consumer optics. 

ROCHESTER, NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced a significant expansion of its space products offering to add optomechanicals for satellite optics and ground networks. These products are in the development and Production Part Approval Process (PPAP). Such diverse products further position Syntec to benefit from the rapidly expanding global satellite market, now forecasted by Goldman Sachs to become seven times bigger.

ROCHESTER, NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced its continued collaboration to enable development of a novel photonic biosensing technology poised to transform drug discovery and testing.

ROCHESTER, NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced it is developing critical optics manufacturing and sub-assembly processes for the world's first approach to project vital information directly into the eye eliminating need for any Augmented/Virtual/Mixed Reality (AR/VR/MR) display optics. This groundbreaking product enabled for our OEM represents a paradigm shift in AR/VR/MR wearable technology.

ROCHESTER, NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced the appointment of Matt Carey to head Business Development and Delivery.

ROCHESTER, NEW YORK, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced the appointment of Michael J. Ransford as Site Manager. In this role, Ransford will oversee technology and operations.

Meets sustained demand for Low Earth Orbit Satellite products

ROCHESTER, NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced it will host a conference call on Monday, November 18, 2024, at 5:00 p.m. Eastern Time (ET) to discuss its financial results and provide a business update.

Syntec continues sequential revenue growth with positive EBITDA

The award-winning production line contributes to increased success rate of military missions

CEO will deliver a speech titled “The Photonic Evolution: Current Trends and Future Growth Area” at the Global Photonics Forum 2024

Syntec achieves sequential revenue growth and returns to positive EBITDA and Earnings per Share.

ROCHESTER, NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of mission-critical optics for scientific and technical instruments and equipment OEMs in diverse defense, biomedical, communications, and consumer end-markets, today announced it will host a conference call to discuss its financial results and provide a business update on Thursday, August 15, 2024, at 5:00 p.m. Eastern Time (ET).

Plans to ramp new product sales

Uses newly developed production cell to meet higher order volumes

Enabling higher accuracy for the Smart Optics System

Meets demand for growing space economy and deployment of artificial intelligence

Enables more optical connectivity in data centers to meet increased demand for artificial intelligence

ROCHESTER, NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (“Syntec” or the “Company”) (Nasdaq: OPTX) named Dean Rudy Chief Financial Officer, effective June 10, 2024. Mr. Rudy succeeds Mr. Robert (Casey) Nelson.

Presented by Maxim Group LLC on Tuesday, June 4th & Wednesday, June 5th, at 8:00 A.M. E.T.

Allows new digital night vision defense devices to approach legacy analog system performance

ROCHESTER, NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of mission-critical optics for scientific and technical instruments and defense and aerospace OEMs, today announced it will host a conference call to discuss its financial results and provide a business update on Tuesday, May 28, 2024, at 5:00 p.m. Eastern Time (ET).

Full Year 2023 Revenue and Adjusted EBITDA Grew Compared to 2022, Full Year 2023 Earnings per Share Rises to $0.06 from Negative $0.01 in 2022

ROCHESTER, NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical optics to scientific and technical instruments and defense and aerospace OEMs, announced today executive-level changes. These changes will support its manufacturing excellence for organic growth and build upon its strategic initiatives for future inorganic growth. These executives will provide leadership across all key functions for continuing growth and development.

Develops plan to build high-volume production line

Innovates thermal devices, microdisplays, and satellite optics

Enabling cutting-edge visualization systems

Enabling enhanced imagery directly to the soldier’s eye

Provides biocompatible and nano-scale precision optics

Continues to scale production for growing future orders

Acquires assets from customer to meet additional demand

Advancing patient care and efficiency

Showcasing Groundbreaking Defense, Biomedical, Consumer and Communications Technology

Talks about public listing and future vision

Leverages its IP to Overlay Thermal Image into Existing Defense Daylight Scopes

ROCHESTER, NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Syntec Optics, an advanced manufacturer and technology provider of optics and photonics products, announced today the expansion of capabilities to deposit very thin layers (nanometers in thickness) of gold on various existing optics produced at Syntec, including space satellite optics, biomedical optics, and LED illumination optics.

ROCHESTER, NEW YORK, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of optics and photonics products for defense, biomedical, consumer, and other end-markets, today announced it will be presenting at the Benchmark Company’s 12th Annual Discovery One-on-One Investor Conference to be held Thursday, December 7th, 2023 at the New York Athletic Club in New York City.

ROCHESTER, NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Syntec Optics, an advanced manufacturer of mission-critical optics and photonics products for defense, biomedical, and consumer end-markets for over two decades, today announced the launch of its new line of microlens arrays used in fiber optics coupling applications exclusively for a blue-chip customer. These ultra-high-precision microlens arrays offer much-needed higher production volume, high performance, and increased reliability.

Syntec Optics launches new product for defense weapon sights

Syntec Optics meets ultra high precision requirement

Syntec Optics reduces the weight of defense and commercial night vision optics to fulfill pent-up demand

Growth Leads to Improved Terms