Syntec Optics Holdings, Inc. (NASDAQ: OPTX)

Syntec Optics Holdings, Inc. provides advanced manufacturing solutions for optics and photonics enabled products. The company designs and manufactures precision optical components and sub-systems using materials such as polymers glass crystals and metals. Its vertically integrated platform supports end-to-end production from design and prototyping to final assembly and testing. Syntec Optics serves mission critical applications in defense biomedical consumer and communications industries through its Rochester New York facility.

Syntec Optics generates revenue by selling custom optical components assemblies and sub-systems to original equipment manufacturers and other industrial customers. Revenue is derived from polymer and glass optics molding thin film coatings nanomachining opto-mechanical manufacturing and electro-optics assembly. The company serves customers who require high precision reliable and lightweight optical solutions for defense systems medical imaging devices consumer electronics and satellite communications.

The company operates through the following segments: Defense Biomedical Consumer and Communications.

• The Defense segment focuses on supplying optical components for night vision goggles missile systems military laser systems and heads-up displays used by armed forces.

• The Biomedical segment provides optics for blood analyzers bacteria detectors HIV testing devices and other diagnostic and imaging equipment used in medical procedures.

• The Consumer segment supplies optics for barcode scanners cameras virtual reality heads-up displays and other consumer electronic devices requiring precision optical performance.

• The Communications segment supports low earth orbit satellite transmitters receivers high precision mirrors and other hardware used in high speed data transmission and optical networking systems.

Syntec Optics holds a competitive position in the optics and photonics industry through its proprietary polymer based optics technology and vertically integrated manufacturing platform. The company differentiates itself from competitors by offering drop in replacement optics that are lighter smaller and more cost effective than traditional glass based solutions. Its competitive advantages include a growing patent portfolio extensive trade secret expertise in precision manufacturing and long standing relationships with tier one OEMs in defense and biomedical markets.

Syntec Optics serves a diverse customer base including defense contractors medical device manufacturers consumer electronics companies and satellite communications firms. Specific customer relationships include collaborations with U. S. Department of Commerce National Institute of Standards and Technology on sensing projects and partnerships with Tier 1 suppliers in defense and biomedical industries. The company also works with original equipment manufacturers across its served end-markets to deliver custom optical solutions.