SOURCE: Optex Systems Holdings, Inc.

Optex Systems Holdings, Inc.

October 18, 2016 09:15 ET

Optex Systems Receives $765K for Night Vision Goggle Laser Interference Filter Assemblies

RICHARDSON, TX--(Marketwired - October 18, 2016) - Optex Systems, Inc., a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCQB: OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today that it has received a purchase order from L-3 Communications Insight Technology in the amount of $765,000 to supply its Laser Interference Filter Assemblies supporting U.S. Government spares for fielded night vision goggles.

Bill Bates, General Manager of AOC commented, "This award demonstrates how our engineering capabilities, machine capacity and pricing competiveness keeps us in a position as a key supplier of laser filters and filter assemblies to the U.S. Government and prime DoD contractors. We are very pleased to continue our relationship with L-3 Communications and be given the opportunity to supply another high volume delivery order of LIF's. Optex Systems and the AOC continue to be recognized as premier suppliers of quality optics and optical systems in both commercial and defense markets. Customer satisfaction and product quality are two key motivators that we strive to accomplish with every customer order."

The order will be fulfilled through the Applied Optics Center, a Division of Optex Systems. AOC has supplied numerous configurations of thin-film coated optics as one of the premier suppliers of eye and sensor protection filters.

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
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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.

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