Business
Precision Optics Enters into Main Purchase Agreement with Top Tier Aerospace Customer and Expands Program Backlog to $6.6 Million
$3.1 million of new orders received during the current calendar year$6.6 million customer program backlog expected to be delivered over next 12 months$3.9 million of additional commitments expected to be received for calendar 2026 GARDNER, Mass., April 03, 2025 (GLOBE NEWSWIRE) -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense/aerospace industries, today announced it has executed a Main Purchase A
About this update from Precision Optics Corporation, Inc.
[{"type":"image","alt":"Precision Optics Corporation","displaySize":"","headline":null,"caption":"Precision Optics Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":258,"height":133,"url":"https://media.zenfs.com/en/globenewswire.com/3d10527e645174593ab94242d9e44db8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SNOFVlPI31u7PjVy8FGodA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIxNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/3d10527e645174593ab94242d9e44db8","width":258,"height":133}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"$3.1 million of new orders received during the current calendar year","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"$6.6 million customer program backlog expected to be delivered over next 12 months","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"$3.9 million of additional commitments expected to be received for calendar 2026","length":80,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":230,"olType":false},{"type":"text","content":"GARDNER, Mass., April 03, 2025 (GLOBE NEWSWIRE) -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense/aerospace industries, today announced it has executed a Main Purchase Agreement which will govern the Company’s ongoing work with a top tier aerospace company. The agreement highlights the commitment between the companies to expand production of a commercial application that leverages Precision Optics’ proprietary manufacturing technology.","length":539,"tagName":"p"},{"type":"text","content":"Orders during the current calendar year for this program have exceeded $3.1 million, increasing total backlog from this program to $6.6 million. To accelerate deliveries, POC recently doubled its clean room production line capacity and expects the current backlog to be delivered over the next 12 months.","length":304,"tagName":"p"},{"type":"text","content":"The two parties commenced production of this program in September 2023. Follow-on orders have been received on an ongoing basis since that time, culminating in the execution of a formal agreement between the two companies containing minimum purchase commitments of nearly $4 million per year through calendar 2026.","length":314,"tagName":"p"},{"type":"...