From GlobeNewswire:

Syntec Optics experienced a boost in production of ultra-high precision satellite optics with $5.3 million in orders, along with an additional $2.4 million in current orders. The ability to create optics preforms in-house helped increase volume production. CEO Joe Mohr highlighted the importance of achieving nano-scale accuracy for space communication optics. Syntec’s laser-based technology offers lower latency for satellite broadband compared to radar-signal technology. Analysts project satellite broadband to make up 50% of the $1 trillion global space economy by 2040. Syntec Optics, a leader in optics and photonics, aims to bring precision products to various sectors while emphasizing vertical integration for competitive advantage.



Read more at GlobeNewswire: OPTX) Completes $5.3M in Orders and