Syntec Optics Holdings Inc

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Syntec Optics Holdings, Inc. engages in the design and manufacture of optics and photonics enabled products. The company is headquartered in Rochester, NY.

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.

Syntec Optics (Nasdaq: OPTX) Announces Executive Changes to Support Growth Plan

ROCHESTER, NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of mission-critical optics for scientific and technical instruments and defense and aerospace OEMs, announced today the launch of process development for a high-volume production line to make disposable medical optics. After nearly three years of concept proposals, Syntec Optics secured the order and plans to install a fully automated advanced production line for this new product.

Syntec Optics (Nasdaq: OPTX) Secures Order to Develop New Disposable Optics for Digital Health Treatment

ROCHESTER, NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a mission-critical supplier of scientific and technical instruments and defense and aerospace optics to OEMs, gears up for a dynamic presence at SPIE Defense + Commercial Sensing (DCS) 2024, taking place April 21 – 25, 2024, in National Harbor, Maryland. At booth #938, Syntec Optics will demonstrate its latest breakthroughs, engage with valued customers, and ignite further partnerships within the vibrant defense and sensing community.

Syntec Optics (Nasdaq: OPTX) to Showcase Advanced Imaging and Sensing Technologies at SPIE Defense + Commercial Sensing 2024

ROCHESTER, NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a mission-critical supplier of scientific and technical instruments and defense and aerospace optics to OEMs, today announced orders for a new high-resolution, wide-field-of-view, innovative freeform prism subsystem that makes up high-brightness and high-contrast defense microdisplays used for viewing vital information. These new orders add to orders received for other versions of microdisplay optics already in production.

Syntec Optics (Nasdaq: OPTX) Secures New Optics Order for Defense Head-Up Microdisplays

ROCHESTER, NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading supplier of scientific and technical instruments and defense and aerospace optics to mission-critical OEMs, today announced $2.8M million in orders for high-precision opto-mechanical components and subsystems used in the production of the latest night vision goggles used by US defense. Delivery is scheduled for 2024.

Syntec Optics (Nasdaq: OPTX) Secures $2.8M Order for Opto-Mechanical Sub-Systems in the Latest Night Vision Goggles

ROCHESTER, NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific technical instruments, aerospace and defense optics provider that has applied AR/VR display manufacturing technology in the past to enable glasses for significant central vision loss, is now enabling optics for blindness. Syntec Optics is making an optic that integrates with the customer's bioengineered artificial cornea as the customer prepares for blindness clinical trials in the U.S. The customer's long-lasting artificial cornea replaces the need for human tissue in transplants of a damaged cornea.

Syntec Optics (Nasdaq: OPTX) Enabling Optics for Blindness

ROCHESTER, NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific technical instruments, aerospace and defense optics provider, scaled its production of ultra-high precision satellite optics with $5.3 million in orders and then further added  $2.4 million in current orders. "One of the keys to higher volume production was Syntec's vertical integration.

Syntec Optics (Nasdaq: OPTX) Completes $5.3M in Orders and Adds $2.4M in Further Orders for Low Earth Orbit Satellite Optics

ROCHESTER, NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific and technical instruments and aerospace and defense optics provider, celebrated another production milestone by delivering its 50,000th previously announced and launched new microlens array within a very short process development period. Syntec's experienced team has now expanded its production capacity quickly by acquiring production and metrology equipment from the customer's facility to support more product lines and product deliveries planned in 2024.

Syntec Optics (Nasdaq: OPTX) Delivers 50,000th Precision MicroLens Array for New End-Market

ROCHESTER, NEW YORK, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading innovator in optics and photonics technology, today announced a $4.8 million order from a major blue-chip customer for the supply of diagnostic electro-optics for various biomarker measurements at the point of care. This signifies a pivotal step in Syntec Optics' ongoing commitment to developing cutting-edge solutions that improve patient outcomes and enhance healthcare delivery.

Syntec Optics (Nasdaq: OPTX) Secures $4.8M Order for Medical Diagnostics Optics

Showcasing Groundbreaking Defense, Biomedical, Consumer and Communications Technology Showcasing Groundbreaking Defense, Biomedical, Consumer and Communications Technology

Syntec Optics (Nasdaq: OPTX) to Display Innovations at Photonics West 2024

ROCHESTER, NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Joe Mohr, CEO of Syntec Optics (Nasdaq: OPTX), was recently interviewed by the New York Photonics (NYP) Cluster. The interview appeared in the New York Photonics January 2024 newsletter sent to its members and covered several topics about public listing and the future vision.

Syntec Optics (Nasdaq: OPTX) CEO Interviewed by New York Photonics Cluster

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

Syntec Optics Launches Innovative Thermal Clip-On Scope (Nasdaq: OPTX)

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.

Syntec Optics Expands Thin-Film Technology with Gold Coating Capabilities (Nasdaq: OPTX)

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.

Syntec Optics to Present at The Benchmark Company's Upcoming Discovery One-on-One Investor Conference (Nasdaq: OPTX)

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 Line of MicroLens Arrays (Nasdaq: OPTX)

ROCHESTER, NEW YORK, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific and technical instruments, and aerospace and defense optics provider, announced today the launch of the new 3x magnifier used with various defense weapon sights, including holographic and red dot reflex sights. The launch is in response to Made in America reshoring initiatives underway due to FAR Buy American Act requirements of the U.S. Government.

Syntec Optics Reshores 3X Weapon Sight Magnifiers (Nasdaq: OPTX)

ROCHESTER, NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific and technical instruments, and aerospace and defense mission-critical supplier that previously announced winning contracts for extremely high-precision satellite optics for the space economy and night vision goggle optics for the defense end-markets, announced today that it has been awarded its first contract for a minimum of 20 ultra-precision biomedical optics to be delivered in 2023 and additional 2400 in early 2024. "Syntec Optics is delighted to serve the mission-critical biomedical end-market in addition to consumer and defense.

Syntec Optics (Nasdaq: OPTX) Awarded Contract for Optics in Biomedical Equipment

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

Syntec Optics (Nasdaq: OPTX) Awarded Contract for Light-Weight Night Vision Optics

ROCHESTER, NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a 20-year optics and photonics leader for scientific and technical instruments and aerospace and defense products that has the mission of keeping American soldiers out of harm's way, improving patient care and bringing more precision products to the consumer, announced it has refinanced the terms of its commercial banking loan agreements at more favorable terms. The refinancing extends the maturity dates of the existing loans, increases the line of credit by 25%, decreases the interest rates by 85 basis points on all existing loan facilities, adds an additional new loan/lease facility of $5,000,000, and increases the funded debt to TTM EBITDA ratio from 3.0x to 3.5x.

Syntec Optics (Nasdaq: OPTX) Announces Favorable Terms Refinancing of Loan Agreements

OmniLit Acquisition Corp

ROCHESTER, N.Y. , May 12, 2023 /PRNewswire/ -- Syntec Optics, Inc. ("Syntec Optics") has entered into a definitive business combination agreement with OmniLit Acquisition Corp. (Nasdaq: OLIT), (or "OmniLit"); upon or following closing, OmniLit will be renamed Syntec Optics Holdings, Inc. and listed on Nasdaq under the new ticker OPTX.

News for Syntec Optics Holdings Inc Stock (OPTX)