Syntec Optics (Nasdaq: OPTX) Announces $5.2 Million in New Orders for Defense Night Vision Goggle Optics

Rhea-AI Summary

Syntec Optics (OPTX) has secured orders worth $5.2 million in 2025 for optics and optomechanicals supporting advanced night vision goggles for U.S. defense. The company has already delivered $0.9 million in product this year.

The orders emphasize Syntec's expanded role in providing comprehensive products for advanced binocular systems with fused thermal imaging capabilities. The company's mission-critical optics are designed to make helmet-mounted goggles lighter, reducing neck trauma for soldiers.

Syntec has been involved in this defense program since 2018, supplying low-weight, high-performance manufacturing technology. The recent orders demonstrate continued demand and trust in Syntec's ability to deliver products meeting rigorous defense performance standards.

Positive

• Secured $5.2 million in new orders for defense night vision goggle optics in 2025
• Already delivered $0.9 million in product value this year
• Expanding role in comprehensive product suite for advanced binocular systems
• Continued involvement in long-term defense program since 2018

Negative

• None.

Insights

Defense Industry Financial Analyst

OPTX secures orders worth 13% of its market cap, showing strong execution in a stable defense program with multi-year potential.

The $5.2 million in new orders Syntec has secured represents approximately 13% of the company's $40.4 million market capitalization - a materially significant amount for a microcap company. This isn't merely a one-off sale but represents continuation of a defense program relationship that began in 2018, providing revenue visibility and stability that's particularly valuable in the current market environment.

The company has already demonstrated execution capability by delivering nearly $0.9 million of product this year, indicating their ability to convert orders to revenue promptly. Defense contracts typically feature predictable payment schedules and high switching costs once a supplier is integrated into the supply chain for critical components.

Syntec's focus on lightweight optical technology addresses specific military requirements to reduce neck trauma for soldiers wearing helmet-mounted systems. Their expanded role from foundational optics to complex sub-assemblies suggests increasing value-add within the program's supply chain. The consistent flow of orders indicates Syntec has established itself as a trusted supplier for mission-critical night vision systems.

For a company of this size, securing multi-year defense programs creates a stabilizing revenue base that's typically less susceptible to economic downturns than commercial sectors. The continuation of orders through 2025 suggests the program remains fully funded and actively deploying systems to field units.

ROCHESTER, NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of technology to defense, biomedical, communications and consumer industry leaders, today announced it has secured orders totaling nearly $5.2 million so far this year for optics and optomechanicals supporting the latest generation of advanced night vision goggles used in the U.S. defense to keep our soldiers out of harm's way. Syntec's mission-critical optics make the helmet-mounted goggle lighter to reduce neck trauma for soldiers.

As a strong start to the year, Syntec has already delivered nearly $0.9M in product. Syntec will continue to deliver and build upon its multi-year involvement in this key defense program, where it has supplied vital low-weight, high-performance manufacturing technology since initial development phases began in 2018. The nearly $5.2 million in recent orders in 2025 highlights Syntec’s expanded role in providing a comprehensive suite of products crucial for the functionality of advanced binocular systems, known for enhancing situational awareness and incorporating fused thermal imaging capabilities.

"We are pleased to see continued strong demand for this critical night vision program, " said Matt Carey, head of Business Development and Delivery at Syntec Optics. "This demonstrates the ongoing trust placed in Syntec's ability to deliver products that meet the rigorous performance standards required for national defense."

Mike Ransford, Site Leader at Syntec Optics, commented, "The consistent order flow, now totaling close to $5.2 million this year, corresponds with the active fielding and sustained need for these advanced night vision capabilities. Our ability to provide a broad spectrum of products, from foundational optics to complex sub-assemblies, positions Syntec as a comprehensive partner for this long-term program."

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.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to the transactions contemplated by the business combination and related agreements, future results of operations and financial position, revenue and other metrics, planned products and services, business strategy and plans, objectives of management for future operations of Syntec Optics, market size, and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings including registration statement on Form S-4 filed with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.

For further information, please contact:

Tim Bechtold

Investor Relations

InvestorRelations@syntecoptics.com

SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)

FAQ

What is the value of new orders received by Syntec Optics (OPTX) for defense night vision goggles in 2025?

Syntec Optics has secured orders totaling $5.2 million in 2025 for defense night vision goggle optics and optomechanicals.

How much has Syntec Optics (OPTX) delivered on their 2025 defense orders so far?

Syntec Optics has delivered nearly $0.9 million in product value so far in 2025.

When did Syntec Optics (OPTX) begin its involvement in the defense night vision program?

Syntec Optics has been involved in this defense program since 2018, when initial development phases began.

What are the key benefits of Syntec Optics (OPTX) night vision goggle technology for soldiers?

Syntec's mission-critical optics make helmet-mounted goggles lighter, helping to reduce neck trauma for soldiers while providing enhanced situational awareness and fused thermal imaging capabilities.