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ROCHESTER, NEW YORK - Syntec Optics Holdings, Inc. (NASDAQ:OPTX) announced Thursday the appointment of Louie Salinas to the position of Assistant Director, Strategic Military Sales & Customer Development.
In his expanded role, Salinas will lead sales for the company’s thermal weapon sights and military night vision scope optics, focusing on strengthening relationships with military customers and driving adoption of optical solutions within the U.S. Department of Defense and allied nations. The appointment comes as the company maintains a healthy gross profit margin of 22.8% and generates annual revenues of $29.4 million. According to InvestingPro analysis, the stock currently appears overvalued based on its Fair Value calculations.
Salinas, a retired U.S. Army Master Sergeant and decorated combat veteran, previously served with the Army Special Operations Command and is a two-time Purple Heart recipient. Since joining Syntec Optics, he has worked as a Program Manager.
"Louie’s assignment is a direct reflection of his dedication, leadership, and profound understanding of our military customers’ mission," said Matt Carey, VP of Business Development and Delivery at Syntec Optics, according to the company’s press release.
The appointment aligns with Syntec Optics’ focus on defense sector products, including thermal sights and night vision goggle components. The company manufactures custom optics and photonics products for defense, biomedical, communications, and consumer industries. With a current ratio of 1.34, the company maintains adequate liquidity to support its operations. InvestingPro subscribers can access additional insights, including 6 more key tips about OPTX’s performance and valuation metrics.
Syntec Optics, headquartered in Rochester, NY, describes itself as one of the largest custom optics and photonics manufacturers in the United States. The company recently launched products for satellite communications, night vision systems, biomedical applications, and data centers.
In other recent news, Syntec Optics Holdings, Inc. has announced several developments that may interest investors. The company has secured additional orders for its ultra-high-precision Low Earth Orbit (LEO) satellite optics and plans to double its weekly shipments for the rest of 2025. This move is expected to enhance their production capacity using a dedicated production cell. Additionally, Syntec Optics has received initial orders to manufacture components for high-performance fuel actuators, which are crucial for rocket engines in defense and space applications. These components are designed to ensure precise thrust management and trajectory control. In another update, Syntec Optics is producing critical optical components for advanced hyperspectral imaging technology used in defense applications. These components require multiple manufacturing steps and nanotechnology applications to achieve the precision needed for hyperspectral imaging systems. These recent developments reflect Syntec Optics’ continued involvement in high-tech manufacturing for defense and space sectors.
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