INRAD OPTICS INC - INRD STOCK NEWS

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INRAD Optics Inc. is a leading manufacturer of precision optics and crystals for defense, aerospace, medical, and industrial applications. With a strong focus on innovation and quality, the company offers custom solutions tailored to meet the unique requirements of their customers. INRAD Optics prides itself on its state-of-the-art manufacturing facilities and a team of experts dedicated to delivering cutting-edge optical solutions. The company's commitment to excellence and customer satisfaction has earned them a reputation as a trusted partner in the industry.

07/02/2024 08:00 AM

News

Luxium Solutions, LLC Completes Acquisition of Inrad Optics

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Luxium Solutions has completed the acquisition of Inrad Optics, enhancing its leadership in optics and photonics. The acquisition brings innovative products, operational expertise, and capacity investment to Inrad Optics. Amy Eskilson, Inrad Optics' CEO, expressed gratitude to stakeholders and highlighted future success prospects. Michael Cahill, CEO of Luxium Solutions, emphasized collaboration and enhanced value for customers. The acquisition, along with Luxium's previous acquisition of PLX in May 2024, underscores Luxium's commitment to growth and innovation in the industry.

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Inrad Optics To Be Acquired by Luxium Solutions for $19 Million

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Inrad Optics, Inc. is set to be acquired by Luxium Solutions in an all-cash transaction valued at approximately $19 million, including assumed debt. Stockholders will receive $1.10 per share in cash, with Luxium, SK Capital, and Edgewater bringing significant experience in leading material science industrial growth companies. The acquisition aims to provide Inrad Optics with resources to accelerate investments in technologies vital for future development.

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FAQ

What is the current stock price of INRAD OPTICS (INRD)?

The current stock price of INRAD OPTICS (INRD) is $1.09 as of July 1, 2024.

What is the market cap of INRAD OPTICS (INRD)?

The market cap of INRAD OPTICS (INRD) is approximately 18.3M.

What does INRAD Optics Inc. specialize in?

INRAD Optics Inc. specializes in manufacturing precision optics and crystals for defense, aerospace, medical, and industrial applications.

What sets INRAD Optics Inc. apart from its competitors?

INRAD Optics Inc. distinguishes itself through its focus on innovation, quality, and customization, offering tailor-made solutions to meet the unique needs of its clients.

What industries does INRAD Optics Inc. cater to?

INRAD Optics Inc. serves a diverse range of industries, including defense, aerospace, medical, and industrial sectors, providing cutting-edge optical solutions for various applications.

What is the reputation of INRAD Optics Inc. in the industry?

INRAD Optics Inc. is renowned for its commitment to excellence, state-of-the-art manufacturing facilities, and a team of experienced professionals dedicated to delivering top-quality optical solutions.

How does INRAD Optics Inc. ensure customer satisfaction?

INRAD Optics Inc. prioritizes customer satisfaction by offering custom solutions, maintaining high quality standards, and providing exceptional service to meet the needs of its clients.