Syntec Optics increases production for optics in satellites and data centers

From GlobeNewswire: 2024-07-10 08:00:00

Syntec Optics has developed two scalable solutions to increase production volumes for optics used in low earth orbit satellites and data centers, meeting growing demands. The company’s commitment to vertical integration enables scheduled mega-constellation satellite launches. The increasing use of Artificial Intelligence is expected to drive higher demand for data center optical connectivity. With these advancements, Syntec Optics is now participating in the fast-growing sectors of low-earth-orbit satellites and data centers. These developments come as the global space economy is projected to reach $1 trillion by 2040, and the data center market is expected to hit $622.4 billion by 2030.



Read more at GlobeNewswire: Syntec Optics (Nasdaq: OPTX) Builds Higher Volume