Syntec Optics secures order for satellite waveguides

Rochester, New York-based Syntec Optics Holdings, Inc. (OPTX) secured an order to manufacture specialized waveguides for space satellites, according to a press release. The company stated it had been developing the product for six months and is now scaling production to accommodate weekly shipments.

Waveguides serve as antenna feeds that allow satellites to communicate across multiple channels at once. Matt Carey, Syntec's vice president of business development, attributed the demand to the company's expertise in manufacturing optics for communication satellites. He added that Syntec is expanding its engineering team to support production scaling.

Chief Financial Officer Dean Rudy also commented on the order, revealing that Syntec received the inquiry after hosting a customer at its facility. According to Rudy, the company's space antenna portfolio, including a recently announced stability product, has the potential to generate over $1 million in annual revenue. Rudy mentioned that since a recent capital raise and the retirement of commercial bank debt, the company's financial infrastructure is well-positioned to focus on business growth.

In recent news, Syntec Optics transitioned to a local audit firm as its accountant. Founded in Rochester, New York, the company manufactures precision optics and photonics and employs nearly 180 people. The company serves a range of markets, including satellites, defense platforms, AI data centers, and life sciences.