Syntec Optics (Nasdaq: OPTX), a leading provider of scientific, technical instruments, aerospace, and defense optics, announced today that it has secured over $2.2 million in orders for its ultra-high-precision space optics. The company will utilize its newly developed dedicated production cell to scale production for deliveries scheduled for the third quarter of 2024.
“This significant order demonstrates the growing demand for our advanced optics solutions in the Low Earth Orbit (LEO) satellite market,” said Sara Hart, Sales Director at Syntec Optics. “Our commitment to vertical integration, including in-house preform production, allows us to meet the demanding requirements of mega-constellation satellite launches.”
Syntec’s expertise in creating nano-scale precision optics is critical for high-performance space communications at high orbital velocities. This technology enables lower latency for satellite broadband, a key advantage over traditional radar-based systems.
Satellite broadband could represent a significant portion of the $1 trillion global space economy by 2040.
About Syntec Optics
Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. Syntec Optics recently launched new products, including Low Earth Orbit (LEO) satellite optics, lightweight night vision goggle optics, biomedical equipment optics, and precision microlens arrays. To learn more, visit www.syntecoptics.com.
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