OPTX) Secures $1.3M Orders for
From GlobeNewswire: 2024-06-11 08:00:00
Syntec Optics has secured $1.3M in orders for its datacom microlens arrays, with $0.5M already delivered. The company expects demand to potentially double to $3.2M, prompting an expansion in production. Sales Director Sara Hart attributes this increase to a rise in optical connectivity needs in data centers driven by artificial intelligence growth. The global communications market, valued at $43B, is expected to grow due to AI deployment, requiring higher computing power and optical connectivity. Syntec Optics, a leading optics manufacturer, plans to meet this demand with its advanced capabilities and experienced team.
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