Full Press Release Details
LITTLETON, Mass., Sept. 17, 2026 (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 the receipt of an initial $50,000 development order from a U.S. space technology company developing a new satellite constellation. The order supports early engineering work on laser communication subassemblies intended for use in Optical Communication Terminals (OCTs) on the customer’s satellite systems. This engagement represents the Company’s second satellite customer.
Work will begin promptly in support of the customer’s accelerated development schedule. This early phase is expected to be completed in approximately one month with the customer’s stated goal to begin production within six to twelve months. Precision Optics expects to finalize a comprehensive engineering agreement to develop final designs followed by the transition to production.
“Adding another satellite customer is an important step in expanding an area that has quickly become a major growth driver for Precision Optics,” said Dr. Joe Forkey, CEO of Precision Optics. “We have an opportunity to apply our experience to a new satellite laser communications program and quickly build another long-term production relationship. This initial order allows us to move with urgency as we work toward a broader engineering scope and the customer’s production goal.”
The new program involves subassemblies analogous to those supplied for the Company’s existing satellite program but also represents an opportunity to move further up the value chain within OCT systems. Precision Optics’ vertically integrated, U.S.-based capabilities enable it to work with customers from early design and prototyping through production, helping translate complex optical requirements into assemblies designed for efficient high volume manufacturing.
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.