Syntec Optics Delivers 50,000th Precision MicroLens Array For New End-Market
Portfolio Pulse from Benzinga Newsdesk
Syntec Optics has achieved a production milestone by delivering its 50,000th microlens array, expanding its production capacity and entering new end-markets including Communications. This expansion was facilitated by acquiring production and metrology equipment from a customer's facility. The company's advanced manufacturing processes and ability to meet high precision requirements have attracted blue chip customers. The global photonics-enabled marketplace, including communications, is valued at $2.1 trillion, with communications alone valued at nearly $43B.
February 05, 2024 | 2:46 pm
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Syntec Optics, associated with OPTX, has delivered its 50,000th microlens array, indicating a significant production milestone and expansion into new markets such as Communications. This expansion is supported by acquiring production equipment from a customer and is expected to attract more blue chip customers.
The delivery of the 50,000th microlens array by Syntec Optics and its expansion into new markets, particularly Communications, signifies a strategic growth move. This achievement, coupled with the acquisition of new production equipment and the attraction of blue chip customers, suggests a positive outlook for OPTX. The expansion into a high-value market like Communications, part of a $2.1 trillion photonics-enabled marketplace, indicates potential revenue growth and increased market share for OPTX.
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