Syntec Optics (Nasdaq: OPTX) Enabling Optics for Fusion Energy, Enters New End-Market
Syntec Optics (OPTX) has secured orders to provide optics for commercial fusion energy applications, marking its entry into the energy end-market. This strategic expansion follows the company's successful entry into communications through providing optics for LEO satellites and AI data centers in 2023-24.
The company is targeting the light-enabled products market, valued at $358.5 billion. Through this initiative, Syntec Optics aims to leverage its expertise in designing and manufacturing high-precision optics to support the development of fusion energy technology, which promises to deliver unlimited carbon-free energy for future grid-scale power plants.
Syntec Optics (OPTX) ha ottenuto ordini per fornire ottiche destinate ad applicazioni di energia da fusione commerciale, segnando così il suo ingresso nel mercato energetico. Questa espansione strategica segue l'ingresso di successo dell'azienda nel settore delle comunicazioni, grazie alla fornitura di ottiche per satelliti LEO e data center AI nel periodo 2023-24.
L'azienda punta al mercato dei prodotti abilitati dalla luce, valutato 358,5 miliardi di dollari. Con questa iniziativa, Syntec Optics intende sfruttare la propria esperienza nella progettazione e produzione di ottiche ad alta precisione per supportare lo sviluppo della tecnologia dell'energia da fusione, che promette di fornire energia illimitata e priva di carbonio per le future centrali elettriche su scala di rete.
Syntec Optics (OPTX) ha asegurado pedidos para suministrar ópticas destinadas a aplicaciones comerciales de energía de fusión, marcando su entrada en el mercado energético. Esta expansión estratégica sigue al exitoso ingreso de la empresa en el sector de comunicaciones, proporcionando ópticas para satélites LEO y centros de datos de IA durante 2023-24.
La compañía apunta al mercado de productos habilitados por la luz, valorado en 358.5 mil millones de dólares. A través de esta iniciativa, Syntec Optics busca aprovechar su experiencia en el diseño y fabricación de ópticas de alta precisión para apoyar el desarrollo de la tecnología de energía de fusión, que promete entregar energía ilimitada y libre de carbono para futuras plantas de energía a escala de red.
Syntec Optics(OPTX)는 상업용 핵융합 에너지 응용 분야를 위한 광학 부품 공급 주문을 확보하며 에너지 최종 시장에 진출했습니다. 이 전략적 확장은 2023-24년 동안 LEO 위성 및 AI 데이터 센터를 위한 광학 부품 공급을 통해 통신 분야에 성공적으로 진입한 데 이은 것입니다.
회사는 광 기반 제품 시장을 목표로 하고 있으며, 이 시장의 가치는 3,585억 달러에 달합니다. 이 이니셔티브를 통해 Syntec Optics는 고정밀 광학 설계 및 제조 전문성을 활용하여 미래의 그리드 규모 발전소에 무한하고 탄소 없는 에너지를 제공할 것으로 기대되는 핵융합 에너지 기술 개발을 지원하고자 합니다.
Syntec Optics (OPTX) a obtenu des commandes pour fournir des optiques destinées aux applications commerciales de l'énergie de fusion, marquant ainsi son entrée sur le marché de l'énergie. Cette expansion stratégique fait suite à l'entrée réussie de l'entreprise dans le secteur des communications, grâce à la fourniture d'optiques pour les satellites LEO et les centres de données IA en 2023-24.
L'entreprise vise le marché des produits activés par la lumière, estimé à 358,5 milliards de dollars. Grâce à cette initiative, Syntec Optics souhaite mettre à profit son expertise dans la conception et la fabrication d'optiques de haute précision pour soutenir le développement de la technologie de l'énergie de fusion, qui promet de fournir une énergie illimitée et sans carbone pour les futures centrales électriques à l'échelle du réseau.
Syntec Optics (OPTX) hat Aufträge zur Lieferung von Optiken für kommerzielle Fusionsenergieanwendungen erhalten und damit den Einstieg in den Energiemarkt markiert. Diese strategische Erweiterung folgt dem erfolgreichen Einstieg des Unternehmens in den Kommunikationsbereich durch die Bereitstellung von Optiken für LEO-Satelliten und KI-Datenzentren in den Jahren 2023-24.
Das Unternehmen zielt auf den Licht-aktivierten Produktmarkt ab, der auf 358,5 Milliarden US-Dollar geschätzt wird. Mit dieser Initiative will Syntec Optics seine Expertise in der Entwicklung und Herstellung hochpräziser Optiken nutzen, um die Entwicklung der Fusionsenergietechnologie zu unterstützen, die unbegrenzte, kohlenstofffreie Energie für zukünftige netzgebundene Kraftwerke verspricht.
- Entry into the large $358.5B light-enabled products market
- Strategic expansion into fusion energy sector, following successful entry in communications
- Early positioning in emerging fusion energy technology supply chain
- Potential for substantial future revenue from grid-scale power plants
- Early-stage technology with uncertain timeline to commercialization
- High dependence on successful development of fusion energy technology
ROCHESTER, NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today announced it has secured orders to provide optics for commercial fusion energy.
In 2023-24, Syntec Optics entered communications by providing optics used in LEO satellites for space and then data centers for Artificial Intelligence deployment. It has now been part of its strategy to seek energy as an end-market for light-enabled products, which is about USD 358.5 billion in size. Fusion energy, a new and diverse form of energy generation, can pave the way for limitless carbon-free energy and address the energy shortage predicted for the future.
"We are really glad for this opportunity to get involved early in the development of a new energy technology, enabling optics for a machine that creates substantial demand for grid-scale power plants in the future," said Matt Carey, head of business development and delivery at Syntec Optics. "We are proud to apply our decades of expertise in designing and manufacturing high-precision optics and be part of the fusion energy supply chain. Our ability to produce complex optics is crucial for such devices for industry-leading innovators, and we believe this technology has the potential to fulfill energy needs for millions."
Contributing to next-generation technologies underscores Syntec Optics' commitment to advancing the frontier through manufacturing innovation.
About Syntec Optics
Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. Syntec Optics recently launched new products, including Low Earth Orbit (LEO) satellite optics for communication, lightweight night vision goggle optics for defense, biomedical optics for defense, and data center optics for Artificial Intelligence. To learn more, visit www.syntecoptics.com.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to the transactions contemplated by the business combination and related agreements, future results of operations and financial position, revenue and other metrics, planned products and services, business strategy and plans, objectives of management for future operations of Syntec Optics, market size, and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings including registration statement on Form S-4 filed with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
For further information, please contact:
Tim Bechtold
Investor Relations
InvestorRelations@syntecoptics.com
SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)
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