Syntec Optics Expands Thin-Film Technology with Gold Coating Capabilities (Nasdaq: OPTX)

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ROCHESTER, NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) — Syntec Optics, an advanced manufacturer and technology provider of optics and photonics products, announced today the expansion of capabilities to deposit very thin layers (nanometers in thickness) of gold on various existing optics produced at Syntec, including space satellite optics, biomedical optics, and LED illumination optics.

Sara Hart, Director of Sales at Syntec Optics, said, “In-house gold coating capabilities are expected to create higher revenue by leveraging more vertical integration.”

The forward business integration will provide customers access to high-quality and durable gold coatings for optics manufactured by Syntec Optics for many applications.

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Syntec Optics has developed such techniques for products manufactured across various departments using electron beam evaporation for the physical deposition of gold on optics placed within vacuum chambers located centrally in the nearly 90,000-square-foot advanced manufacturing facility. Syntec Optics’s techniques include precise control of low or high deposition rates and reducing waste of expensive materials.

Developed techniques also offer precise film composition, improved adhesion, density, and durability of the gold coating.

“We are excited to offer our customers continued vertical integration,” said Joe Mohr, CEO of Syntec Optics. “Gold coatings are highly versatile and offer a wide range of benefits for many different applications. Syntec Optics is creating a new opportunity for customers requiring extremely high-performing light characteristics from optics.”

About Syntec Optics

Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a 20-year optics and photonics leader for scientific and technical instruments and aerospace and defense products, has the mission of keeping American soldiers out of harm’s way, improving patient care and bringing more precision products to the consumer and communications. Syntec Optics, headquartered in Rochester, NY, is one of the largest custom optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art manufacturing facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. Syntec Optics recently launched new products, including Low Earth Orbit (LEO) satellite optics, lightweight night vision goggle optics, biomedical equipment optics, and precision microlens arrays. To learn more, visit www.syntecoptics.com.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including related agreements, future results of operations and financial position, revenue and other metrics, planned products and services, business strategy and plans, objectives of management for future operations of Syntec Optics, market size, and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by Syntec Optics and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations, which include but are not limited to, factors outlined in prior product announcements and filings. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.

For further information, please contact:

Sara Hart

Investor Relations

[email protected]

SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)

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