This award is part of a strategic multi-year $6 million supply agreement which is expected to exceed $6 million in revenues. Optex’s precision optical assemblies utilizes thin film coating capabilities for optical systems and components primarily used for military purposes.
“This purchase order release demonstrates the continued high satisfaction levels and close working relationship we strive to keep with our customers. We work to supply all customers with high-quality products, produced at a fair price and continually improve our processes. Our expectations are that we will broaden the product types and scope of work in support of this customer in the near future,” stated Bill Bates, AOC’s General Manager.
AOC is a key supplier of technically challenging thin-film coatings, optical components, assemblies and systems.
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ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2008 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 Statement
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The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.