Syntec Optics Holdings, Inc. - OPTX STOCK NEWS

Welcome to our dedicated page for Syntec Optics Holdings news (Ticker: OPTX), a resource for investors and traders seeking the latest updates and insights on Syntec Optics Holdings stock.

Syntec Optics Holdings, Inc. (Nasdaq: OPTX) is a leading provider of custom optics and photonics solutions, headquartered in Rochester, NY. With over 20 years of experience, Syntec Optics specializes in mission-critical scientific and technical instruments, as well as defense and aerospace optics for Original Equipment Manufacturers (OEMs). The company’s operations encompass a vertically and horizontally integrated manufacturing process, enabling precise control over lens system assembly, imaging module integration, and more.

Syntec Optics is renowned for its innovative approaches, such as thin film deposition coatings, glass and polymer molding, tool-making, mechanical manufacturing, and nano machining. By making its own tools and employing nano machining, Syntec Optics can maintain tolerances to sub-micron levels, ensuring high-quality outputs.

Recent achievements include the development of a high-resolution, wide-field-of-view freeform prism subsystem used in defense microdisplays, contributing to enhanced situational awareness for aviation pilots. Additionally, the company is making strides in thermal devices, biomedical optics, and satellite optics, with cutting-edge products like lightweight night vision goggle optics and precision microlens arrays.

Financially, Syntec Optics reported an increase in revenue and adjusted EBITDA for the full year of 2023, showcasing robust performance and strategic growth initiatives. Recently appointed CEO Al Kapoor and Chief Manufacturing Officer Joe Mohr are leading the company toward greater market penetration and customer satisfaction.

Syntec Optics continues to expand its footprint by securing significant orders for optical connectivity products in data centers, driven by the rise of artificial intelligence. The company’s state-of-the-art facility and experienced team are well-equipped to meet the growing demands of various high-tech sectors.

For more information about Syntec Optics and its innovative solutions, visit www.syntecoptics.com.

04/12/2024 08:00 AM

News

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

Rhea-AI Summary

Syntec Optics announces the development of a high-volume production line for disposable medical optics, aiming to revolutionize biomedical camera functionalities with advanced technology. The company plans to install an automated production line after securing a significant order, targeting the US market and existing user base.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-3.98%

Tags

04/05/2024 08:00 AM

News

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

Rhea-AI Summary

Syntec Optics (OPTX) gears up for SPIE Defense + Commercial Sensing 2024, showcasing thermal devices, microdisplays, and satellite optics. The company unveils new products like Phoenix Thermal Clip-on Scope, Freeform Prism OLED Microdisplays, Next-Gen LEO Optics, 3X Magnifier for Defense Sights, Viper Lightweight Eyepiece, Microlens Arrays, Ultra-Precision Biomedical Optics, and Gold Thin Film Coating.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-5.3%

Tags

04/01/2024 08:53 AM

News

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

Rhea-AI Summary

Syntec Optics (OPTX) announces new orders for high-resolution freeform prism subsystems for defense microdisplays, contributing to increased situational awareness. Delivery scheduled for 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

2.11%

Tags

03/27/2024 09:12 AM

News

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

Rhea-AI Summary

Syntec Optics (Nasdaq: OPTX) secures $2.8 million in orders for high-precision opto-mechanical components and subsystems used in the production of the latest night vision goggles for US defense, contributing to improved situational awareness and depth perception.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-4.4%

Tags

02/27/2024 06:30 AM

News

Syntec Optics (Nasdaq: OPTX) Enabling Optics for Blindness

Rhea-AI Summary

Syntec Optics, a provider of precision optics, is developing an optic that integrates with bioengineered artificial corneas for blindness clinical trials. The artificial cornea aims to address the shortage of human tissue for transplants, with successful cases outside the U.S. Patients gained sight after decades of blindness, showcasing the potential of this innovative technology.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

5.04%

Tags

02/14/2024 10:01 AM

News

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

Rhea-AI Summary

Syntec Optics scales production for future orders with $5.3 million in ultra-high precision satellite optics orders and $2.4 million in current orders. Vertical integration key to higher volume production. Syntec develops nano-scale accurate preforms in-house for space communications. Syntec's laser-based technology offers lower latency for satellite broadband, potentially impacting the $1T global space economy by 2040.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-11.82%

Tags

02/05/2024 09:44 AM

News

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

Rhea-AI Summary

Syntec Optics has acquired production and metrology equipment from a customer's facility to meet the additional demand for its advanced optics products. The company celebrated delivering its 50,000th microlens array within a short process development period and plans to support more product lines and deliveries in 2024. The expansion of production capacity is expected to strengthen the company's position in diverse end-markets like Defense, Biomedical, Consumer, and Communications. The move is aimed at meeting the demands of blue-chip customers and penetrating into new applications like telecom and biomedical datacom.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

2.45%

Tags

01/19/2024 10:13 AM

News

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

Rhea-AI Summary

Syntec Optics (Nasdaq: OPTX) has 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. The order includes disposable and other optics sub-systems specifically designed for biomedical diagnostic instrumentation, enabling biosafe sampling, extensive test possibilities, quick results, and ultrahigh accuracy for very small samples at hospitals or clinical facilities. This substantial order for delivery in 2024 underscores the growing demand for Syntec Optics' innovative optics solutions within the healthcare industry.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

4.84%

Tags

01/17/2024 01:34 PM

News

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

Rhea-AI Summary

Syntec Optics (Nasdaq: OPTX) is set to showcase its latest breakthroughs at Photonics West 2024, demonstrating cutting-edge innovations in defense, biomedical, and communications technology. The company aims to engage with industry leaders, foster collaborations, and explore new opportunities for growth. Attendees will witness a display of Syntec Optics' diverse portfolio, including thermal scopes, defense sights, night vision goggles, microlens arrays, biomedical optics, and gold thin film coating technology.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-17.49%

Tags

01/11/2024 09:39 AM

News

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

Rhea-AI Summary

Company X Announces Strategic Partnership with Company Y, Ticker Symbol: XYZ

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.24%

Tags

FAQ

What is the current stock price of Syntec Optics Holdings (OPTX)?

The current stock price of Syntec Optics Holdings (OPTX) is $3.5 as of December 20, 2024.

What is the market cap of Syntec Optics Holdings (OPTX)?

The market cap of Syntec Optics Holdings (OPTX) is approximately 84.4M.

What does Syntec Optics Holdings, Inc. specialize in?

Syntec Optics specializes in custom optics and photonics for scientific instruments and defense and aerospace optics for OEMs.

Where is Syntec Optics headquartered?

Syntec Optics is headquartered in Rochester, New York.

What recent achievements has Syntec Optics made?

Syntec Optics has developed a high-resolution, wide-field-of-view freeform prism subsystem for defense microdisplays and launched new products like lightweight night vision goggle optics and precision microlens arrays.

Who are the key executives at Syntec Optics?

The key executives include Al Kapoor, Chairman, and CEO, and Joe Mohr, Chief Manufacturing Officer.

What are some of the core capabilities of Syntec Optics?

Syntec Optics’ core capabilities include thin film deposition coatings, glass molding, polymer molding, tool-making, mechanical manufacturing, and nano machining.

How has Syntec Optics performed financially in recent years?

Syntec Optics reported an increase in revenue and adjusted EBITDA for the full year of 2023, demonstrating strong financial performance.

What new markets is Syntec Optics expanding into?

Syntec Optics is expanding into optical connectivity for data centers, driven by the growing demand for artificial intelligence.

What is unique about Syntec Optics' manufacturing processes?

Syntec Optics employs a vertically and horizontally integrated manufacturing process, allowing for precise control and maintenance of sub-micron level tolerances.

How does Syntec Optics contribute to defense and aerospace industries?

Syntec Optics provides mission-critical optics for defense and aerospace applications, including freeform prism subsystems for enhanced situational awareness in aviation.