Nortech Systems Receives New Patent For Active Optical Xtreme (AOX) Technology Platform
Portfolio Pulse from Benzinga Newsdesk
Nortech Systems has received a new patent for its Active Optical Xtreme (AOX) technology platform, specifically for non-magnetic applications. This is the company's second patent in its technology portfolio. The adoption of AOX is expected to ramp up through 2024 but will not have a material impact on Nortech's financial results for 2024 or 2025.
May 21, 2024 | 9:36 pm
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Nortech Systems has received a new patent for its AOX technology platform, which is expected to see increased adoption through 2024. However, this development will not have a material impact on the company's financial results for 2024 or 2025.
While the new patent for AOX technology is a positive development for Nortech Systems, the company has stated that it will not have a material impact on financial results for 2024 or 2025. Therefore, the short-term stock price impact is expected to be neutral.
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