Precision optical sighting systems manufacturer Optex Systems (Richardson, TX) received a new sales order from Defense Logistics Agency (DLA; http://www.dla.mil) in the amount of $570,000 to supply its cable periscopes. Optex provides a variety of glass and plastic periscopes with and without laser protection used on various military vehicle platforms.
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The Company's current footprint in the periscopes and vision block market is an estimated 75% market share in the U.S. ($8-$10 million) and 20-30% worldwide ($40-$50 million).
"We are pleased that DLA has chosen Optex's Cable Periscopes to enable the Abram's Mine Plow capability," said Danny Schoening, Optex CEO. "This order demonstrates our success in penetrating a very selective segment of the market and our reputation for quality and credibility as a strategic supplier for defense and commercial markets. As a result, we are building momentum in our sales channels and we remain confident in generating significant sales contracts in the coming months."
Optex, founded in 1987, is an ISO 9001:2008 certified concern that manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex delivers its products both directly to the military services and to prime contractors.
SOURCE: Optex Systems; http://ir.stockpr.com/optexsys/company-news/detail/479/optex-systems-receives-570k-in-new-sales-order-for-its-cable-periscopes
Gail Overton | Senior Editor (2004-2020)
Gail has more than 30 years of engineering, marketing, product management, and editorial experience in the photonics and optical communications industry. Before joining the staff at Laser Focus World in 2004, she held many product management and product marketing roles in the fiber-optics industry, most notably at Hughes (El Segundo, CA), GTE Labs (Waltham, MA), Corning (Corning, NY), Photon Kinetics (Beaverton, OR), and Newport Corporation (Irvine, CA). During her marketing career, Gail published articles in WDM Solutions and Sensors magazine and traveled internationally to conduct product and sales training. Gail received her BS degree in physics, with an emphasis in optics, from San Diego State University in San Diego, CA in May 1986.