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Optex Systems Announces a $1.4 Million Order for Laser Protected Periscopes from a New Domestic Customer
RICHARDSON, TX / ACCESSWIRE / August 14, 2023 / Optex Systems Holdings, Inc. (NASDAQ:OPXS), a leading manufacturer of precision optical sighting systems for
About this update from Optex Systems Holdings, Inc.
[{"type":"text","content":"RICHARDSON, TX / ACCESSWIRE / August 14, 2023 / Optex Systems Holdings, Inc. (NASDAQ:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a delivery order for Laser Protected Periscopes for $1.4 Million. The Periscopes are critical in protecting armored vehicles fielded by the U.S. Military. The products will be manufactured at the Optex Division of Optex Systems, Inc.Danny Schoening, CEO, stated \"As we continue to grow, we welcome new domestic suppliers and customers into this critical supply chain. These units will be delivered in 2024 as we continue to expand and strengthen our supply chain.\"With this order, the current Optex backlog is in excess of $41 million.ABOUT OPTEX SYSTEMSOptex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.Safe Harbor StatementThis press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words \"may,\" \"will,\" \"could,\" \"should,\" \"would,\" \"plans,\" \"expects,\" \"anticipates,\" \"continue,\" \"estimate,\" \"project,\" \"intend,\" \"likely,\" \"forecast,\" \"probable,\" and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, ...