How are energy investors positioned?
ROCHESTER, NY - Syntec Optics (NASDAQ:OPTX) announced Thursday it has secured additional orders for its ultra-high-precision Low Earth Orbit (LEO) satellite optics and plans to double weekly shipments for the remainder of 2025. The company, currently valued at $66 million, has seen its stock surge over 36% in the past week, though InvestingPro analysis indicates the shares are trading above their Fair Value.
The company will utilize its dedicated production cell to increase deliveries of the specialized components, according to the press release statement.
"Space Optics involve a complex process, and we are pleased to scale our advanced optics solutions for Low Earth Orbit satellites," said Syntec Optics CFO Dean Rudy.
The company indicated that its vertical integration capabilities will enable it to meet the increased demand quickly. Syntec’s manufacturing technology reportedly improves the range of space communications signals at high orbital velocities.
The firm noted that optical technology provides lower latency for satellite broadband compared to traditional radar-based systems, which could be advantageous in the expanding space sector.
Syntec Optics, headquartered in Rochester, NY, manufactures custom optics and photonics components for various industries including defense, biomedical, and communications. The company recently expanded its product offerings to include optics for LEO satellites, lightweight night vision goggles, biomedical applications, and data centers supporting artificial intelligence systems.
The announcement comes as industry analysts project significant growth in the satellite broadband segment of the global space economy over the next fifteen years. According to InvestingPro, Syntec maintains a FAIR financial health score, though it trades at an elevated EV/EBITDA multiple of 45x. Subscribers can access 5 additional ProTips and comprehensive financial metrics to better evaluate the company’s growth potential.
In other recent news, Syntec Optics Holdings, Inc. has received initial orders to manufacture components for high-performance fuel actuators used in rocket engines, which are crucial for defense and space applications. The company will employ its nanotechnology processes to ensure precision in controlling propellant flow, which is essential for managing thrust and trajectory in rocket engines. Additionally, Syntec Optics is contributing to the development of non-incisional optics-based solutions for correcting age-related near vision loss, known as presbyopia. This condition affects approximately 128 million Americans, and the company’s advanced optical manufacturing capabilities are being leveraged to provide less invasive treatment alternatives. Matt Carey, the head of business development and delivery, highlighted the company’s commitment to improving the quality of life through safer and more convenient options for presbyopia treatment. These developments underscore Syntec Optics’ ongoing efforts to expand its technological applications across various industries.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.