IPOS - Syntec Optics Merging with OmniLit (Nasdaq: OLIT) Reshores Night Vision Optics | Benzinga
ROCHESTER, NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific and technical instruments, and aerospace and defense supplier that, over the past two decades, enabled polymer optics for missile laser guides and extremely wide field of view light weight augmented reality head mounted display for military pilots, announced today the launch of new light-weight eyepieces and objectives lenses for night vision goggles, called Viper. Syntec Optics' volume production of Viper began in October 2023 by utilizing its integrated advanced manufacturing platform capabilities to enable the next-generation design and production.
Syntec's Viper launch will address, (i) the backlog of pent-up demand for replacement optics components in the existing night vision goggle global installed base, and (ii) the new demand for improved optics to fit into next-generation night vision goggles. Per valuate.com, it is estimated that by 2027, the global market size for image intensifiers used in night vision goggle systems will be nearly one billion dollars.
"Shifting tailwinds of reshoring of American advanced manufacturing due to FAR Buy American Act requirements favors continued growth for Syntec Optics," said Syntec Optics CEO, Joe Mohr. "Syntec is focused on the design of light weight, high performance night vision optics that offers functionality exceeding that of offshore, heavy, all glass alternatives. This creates further advantage over existing foreign suppliers for both domestic and global supply and is going to add new jobs in the U.S."
US Army veteran and Syntec Optics Program Manager Richard Swartz said, "Syntec Optics is well-positioned in the next generation augmented reality head mounted displays and is now using its world-class design capabilities with vertically integrated and optimized optics manufacturing to offer a domestic and lightweight alternative for night vision optics."
"Syntec Optics' use of a hybrid glass and polymer lens architecture delivers light weight, high performance imaging solutions to serve both the defense and consumer night vision markets", said Jim Olson, industry expert and Syntec Optics VP of Advanced Optics Systems.
About Syntec Optics
Syntec Optics Inc., headquartered in Rochester, NY, is one of the largest custom optics and photonics manufacturers in the United States. Operating for more than two decades, Syntec Optics runs a state-of-the-art, nearly 90, 000 sq. ft. manufacturing facility with extensive core capabilities of various optics manufacturing processes both horizontally and vertically integrated to provide advantage for systems integrators. Syntec Optics' mission is to provide a U.S.-based scalable platform of optics and photonics manufacturing that keeps American soldiers from harm's way, offers doctors technology tools for patient care, and delivers photonics enabled precision to consumer products and services. ...