Business
Optex Systems Announces $1.1 Million Order for Optical Assemblies
RICHARDSON, TX / ACCESSWIRE / September 6, 2022 / Optex Systems Holdings, Inc. (OTCQB:OPXS), a leading manufacturer of precision optical sighting systems for
About this update from Optex Systems Holdings, Inc.
[{"type":"text","content":"RICHARDSON, TX / ACCESSWIRE / September 6, 2022 / Optex Systems Holdings, Inc. (OTCQB:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a $1.1 million order as part of a multi-year strategic supplier agreement with a domestic commercial manufacturer of premium optical devices. The products will be manufactured at the Applied Optics Center (AOC) Division of Optex Systems, Inc.Bill Bates, GM, AOC stated \"We are very pleased to acknowledge another add-on award for optical-sub-assemblies supporting our long-standing customer. AOC continues to grow the overall bookings backlog value moving into fiscal 2023.\" Total orders related to these product types now exceed $30.3 million dollars since our initial deliveries which began in early 2015.With this order, the current Optex backlog is in excess of $31.1 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 pro...