SOURCE: Optex Systems Holdings, Inc.

Optex Systems Holdings, Inc.

May 19, 2015 06:00 ET

Optex Systems, Inc. Issued Patent Covering Improved Periscope Performance

RICHARDSON, TX--(Marketwired - May 19, 2015) - 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, announced today the issuance of U.S. Patent No.13,792,297 titled "ICWS Periscope". This invention improves previously accepted levels of periscope performance that, in turn, improve soldier's safety. The Company has demonstrated the now-patented invention on the Improved Commander's Weapon Station (ICWS) but the system is also applicable to multiple periscope platforms.

"Unity periscopes are used on every armored vehicle in the world and this Optex patented technology now allows the users increased protection from ballistic threats and allows the armored vehicle manufacturers alternatives in hull design," stated Danny Schoening, Optex's CEO. "Consistent with our previous product releases, this technology has been specifically designed to allow our customers to upgrade their existing platforms with improved technology without costly upgrade or integration costs." He continued, "In addition, this technology eliminates known reliability issues which exist in the current Department of Defense inventory." The "ICWS Periscope" technology platform is applicable to all ground combat vehicles used by the US and foreign militaries.

ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2008 certified concern, which 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 also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.

Safe Harbor Statement
This press release and other written reports and oral statements made from time to time by the Company may contain so-called "forward-looking statements," all of which are subject to risks and uncertainties. You can identify these forward-looking statements by their use of words such as "expects," "plans," "will," "estimates," "forecasts," "projects" and other words of similar meaning. You can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address the Company's growth strategy, financial results and product and development programs. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially.

The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

Contact Information

  • Contact:
    Optex Systems Holdings, Inc.
    Stan Hirschman, President
    (972) 764-5677
    ir@optexsys.com
    1420 Presidential Drive
    Richardson, TX 75081