Precision Optics Expands Facilities to Meet Growing Backlog

Rhea-AI Summary

Precision Optics Corporation (NASDAQ: POCI), a designer and manufacturer of advanced optical instruments, announced a strategic relocation of its corporate offices from Gardner, MA to Littleton, MA, effective August 1st, 2025. The move will separate corporate functions, including executive leadership, engineering, and business operations, from production facilities. This strategic decision allows for expanded production capabilities at the existing Gardner facility to address the company's record-high production backlog. Additionally, the new Littleton location, along with a facility in South Portland, Maine, positions the company to access a broader engineering talent pool for its product development initiatives.

Positive

• Record-high production backlog indicates strong demand for company's products
• Strategic expansion of production capabilities in Gardner facility
• Access to broader engineering talent pool through new locations in Littleton and South Portland
• Cost-efficient approach to facility expansion

Negative

• Potential operational challenges during transition to new headquarters
• Additional costs associated with new facility lease

Company signs lease to move corporate offices and engineering development to Littleton, MA

Move allows for expansion of production capabilities in Gardner, MA to meet increased backlog

GARDNER, Mass. and LITTLETON, Mass., June 05, 2025 (GLOBE NEWSWIRE) -- Precision Optics Corporation, Inc. (Nasdaq: POCI) (the "Company"), a leading designer and manufacturer of advanced optical instruments for the medical and defense/aerospace industries, today announced it has made the strategic decision to move its corporate offices, including executive leadership, product development engineering, program management, human resources, business development and accounting, from Gardner, MA to Littleton, MA. The move allows for the consolidation of dedicated production capabilities at POC’s existing facilities in Gardner to meet the Company’s growing production backlog, which stood at an all-time high at the end of the most recent quarter. This new facility in Littleton, along with a new facility in South Portland, Maine, also allows POC access to a broader engineering talent pool to execute on the Company’s ongoing product development pipeline.  

Joe Forkey, CEO of Precision Optics, commented. “As our business has grown, it has become evident that we need to expand our production facilities in a cost-efficient manner to meet our growing backlog; and we need to access the best possible engineering talent that Massachusetts and Maine have to offer. Today’s announcement accomplishes both of these objectives.”

Effective August 1^st, 2025, we expect the Company’s new corporate headquarters will be 550 King St, Building A, Suite 100, Littleton, MA.

About Precision Optics Corporation
Founded in 1982, Precision Optics is a vertically integrated optics company primarily focused on leveraging its proprietary micro-optics, 3D imaging and digital imaging technologies to the healthcare and defense/aerospace industries by providing services ranging from new product concept through mass manufacture. Utilizing its leading-edge in-house design, prototype, regulatory and fabrication capabilities as well as its Ross Optical division's high volume world-wide sourcing, inspecting and production resources, the Company is able to design and manufacture next-generation product solutions to the most challenging customer requirements. Within healthcare, Precision Optics enables next generation medical device companies around the world to meet the increasing demands of the surgical community who require more enhanced and smaller imaging systems for minimally invasive surgery as well as 3D endoscopy systems to support the rapid proliferation of surgical robotic systems. In addition to these next generation applications, Precision Optics has supplied top tier medical device companies a wide variety of optical products for decades, including complex endocouplers and specialized endoscopes. The Company is also leveraging its technical proficiency in micro-optics to enable leading edge defense/aerospace applications which require the highest quality standards and the optimization of size, weight and power. For more information, please visit www.poci.com.

About Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on certain assumptions and analyses made by the management of the Company in light of their respective experience and perception of historical trends, current conditions, and expected future developments and their potential effects on the Company as well as other factors they believe are appropriate in the circumstances. There can be no assurance that future developments affecting the Company will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including the demand for the Company's products, global supply chains and economic activity in general and other risks and uncertainties identified in the Company's filings with the SEC. Should one or more of these risks or uncertainties materialize or should any of the assumptions being made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

Company Contact:
PRECISION OPTICS CORPORATION
22 East Broadway
Gardner, Massachusetts 01440-3338
Telephone: 978-630-1800

Investor Contact:
LYTHAM PARTNERS, LLC
Robert Blum
Telephone: 602-889-9700
poci@lythampartners.com

FAQ

When will Precision Optics (POCI) move to its new headquarters in Littleton, MA?

Precision Optics plans to move to its new headquarters at 550 King St, Building A, Suite 100, Littleton, MA, effective August 1st, 2025.

Why is Precision Optics (POCI) relocating its corporate offices?

The company is relocating to expand production capabilities in Gardner to meet record-high backlog and to access a broader engineering talent pool in Massachusetts and Maine.

What operations will remain at Precision Optics' Gardner, MA facility?

The Gardner facility will be consolidated to focus on dedicated production capabilities to meet the company's growing production backlog.

What functions are moving to Precision Optics' new Littleton headquarters?

Executive leadership, product development engineering, program management, human resources, business development, and accounting functions will move to the new Littleton location.

What does the facility expansion indicate about Precision Optics' (POCI) business growth?

The expansion indicates strong business growth, evidenced by record-high production backlog and the need for increased production capabilities and engineering talent.