Precision Optics Corporation, Inc., a specialist in the design and manufacturer of advanced optical instruments for the medical and defense industries, today announced the receipt of an initial production order for $1.5 million from a large defense/aerospace company addressing a new commercial application leveraging the Company's unique optical capabilities.
Initial shipments under the order are expected to occur in the current fiscal quarter, with the majority of the order shipped over the following two quarters. Based on this customer's anticipated long-term deployment schedule of their systems, the Company is optimistic this purchase order should be the first of periodic orders of similar size. Future purchase orders for additional products currently in development are also possible. While the potential, timing and quantities of future purchase orders is uncertain, the Company is confident this new customer will be a significant contributor to POC's long-term growth.
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