ROCHESTER, NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today announced it has secured orders to provide optics for commercial fusion energy. In 2023-24, Syntec Optics entered communications by providing optics used in LEO satellites for space and then data centers for Artificial Intelligence deployment. It has now been part of its strategy to seek energ ...

Core Insights - Syntec Optics Holdings, Inc. is advancing optics for non-incisional refractive error correction, targeting a significant market opportunity for age-related vision conditions affecting approximately 128 million people in the U.S. [1][2] Company Overview - Syntec Optics is a leading provider of technology products across various sectors, including defense, biomedical, communications, and consumer industries [1][5] - The company has over two decades of experience and operates a state-of-the-art facility with extensive optics manufacturing capabilities [5] Market Opportunity - The global myopia and presbyopia treatment market was valued at USD 20.3 billion in 2025 and is expected to grow due to the rising prevalence of these conditions and demand for advanced treatments [3] - Non-incisional optical solutions are seen as a promising segment within this market, offering reduced risk and quicker recovery compared to traditional surgical methods [3] Technological Innovation - Syntec Optics is leveraging its advanced optical manufacturing capabilities to support the development of innovative, less invasive treatment options for vision correction [2][4] - The company emphasizes its expertise in designing and manufacturing high-precision optics, which is crucial for the advancement of innovative medical devices [3][4]

Company Overview - Syntec Optics Holdings, Inc. (Nasdaq: OPTX) is a leading provider of technology products across defense, biomedical, communications, and consumer industries [1][5] - The company operates a state-of-the-art manufacturing facility in Rochester, NY, specializing in diverse optics and photonics manufacturing processes [5] Leadership Appointment - Tom Lopa has been appointed as the Director of Opto-Mechanicals, bringing extensive experience in manufacturing operations and strategic leadership [1][3] - In his new role, Mr. Lopa will focus on increasing production for various opto-mechanical products, including those for aiming, satellite, biomedical, and night vision applications [2][3] Strategic Goals - The company aims to enhance and scale its opto-mechanical offerings, leveraging Mr. Lopa's expertise in lean manufacturing and quality systems [3] - Syntec Optics is committed to innovation and strategic vision for integrated optical solutions, which is expected to contribute to its growth [3] Recent Developments - Syntec Optics has recently launched new products, including Low Earth Orbit (LEO) satellite optics for communication, lightweight night vision goggle optics for defense, and biomedical optics for defense [5]

ROCHESTER, NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of technology to defense, biomedical, communications and consumer industry leaders, today announced it has secured orders totaling nearly $5.2 million so far this year for optics and optomechanicals supporting the latest generation of advanced night vision goggles used in the U.S. defense to keep our soldiers out of harm's way. Syntec's mission-critical optics make the helmet-mounted goggl ...

ROCHESTER, NEW YORK, April 15, 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 increased production of optomechanicals used in advanced miniature aiming systems. The company has delivered nearly $0.6M of the product in 2025 and is scaling up the production rate by nearly 50% to meet deliveries of an ad ...

ROCHESTER, NEW YORK, April 10, 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 securing follow-on orders of $2.1M for critical optics that integrate into the next-generation military scopes. Syntec Optics previously announced the creation of a dedicated manufacturing cell at the facility and engineering efforts to scale for adv ...

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 ...

Core Viewpoint - Syntec Optics Holdings, Inc. is significantly expanding its space products offering to include optomechanicals for satellite optics and ground networks, positioning itself to benefit from the rapidly growing global satellite market, which is forecasted to increase sevenfold according to Goldman Sachs [1][3]. Company Overview - Syntec Optics is a leading provider of mission-critical products to advanced technology sectors, including defense, biomedical, and communications equipment manufacturers [1][5]. - The company has over two decades of experience and operates a state-of-the-art facility with extensive capabilities in optics manufacturing [5]. Product Expansion - The new line of custom optomechanicals for earth-based stations aims to enhance high-bandwidth data transmission and signal processing, addressing the critical role of ground-based infrastructure in satellite communications [2][3]. - The expanded product portfolio includes not only satellite optics but also integrated mechanical sub-assemblies and ground station optics, providing a comprehensive suite of solutions for customers [3][4]. Market Growth - The global satellite market is projected to grow from $15 billion currently to as much as $457 billion by 2035, driven by the demand for efficient coverage and the need for precise optical and optomechanical solutions [4]. - The growth of the Low Earth Orbit (LEO) satellite market is particularly notable, as these satellites are essential for providing cellular services and emergency response capabilities in areas lacking infrastructure [4]. Commitment to Quality - Syntec Optics emphasizes vertical integration and advanced manufacturing techniques to ensure high precision and quality in its products, which has led to a reduction in the weight of optics to meet stringent space application requirements [3]. - The company is dedicated to providing innovative and reliable optical solutions to its OEM partners, enabling them to achieve their operational goals [4].

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. Syntec Optics is providing critical optical manufacturing and sub-assembly processes ...

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) ...