Optex Systems Receives $841,000 in Initial Orders for Its Advanced Laser Protected Periscopes

Date Announced: 21 Apr 2016

Periscopes will be installed in the Abrams US military land vehicles.

RICHARDSON, TX--(Marketwired - April 21, 2016) - Optex Systems, Inc., a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCQB: OPXS), a leading manufacturer of optical sighting systems and assemblies for domestic and foreign militaries, today announced that it has received $841,000 in orders for its laser protected periscopes with an option for an additional $841,000 from the U.S. Army Contracting Command.

Optex's periscopes will be installed in the Abrams U.S. military land vehicles, which are main battle tanks used by the U.S. Army. The Company's laser periscopes come with optional laser protection in both glass and plastic, to protect soldiers' eyes during battle.

"Optex is a market leader in military-grade optical products and this order further cements our relationship with the U.S. Army representing several compelling value propositions for the Company," said Danny Schoening, Optex's CEO. "This demonstrates the superiority of our military periscopes as a best value solution with world-class field performance. Through this established customer, we are able to expand our order base to provide a recurring revenue stream while strengthening our foothold in the market. We take pride in providing great optics solutions for our soldiers who are utilizing and maintaining the current Abrams fleet. We remain committed to our focus on development and innovation and anticipate many forthcoming purchase orders."

Source: Optex Systems

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