ROCHESTER, NEW YORK, Oct. 26, 2026 (GLOBE NEWSWIRE) — Syntec Optics (Nasdaq: OPTX), a leading producer of mission-critical space optics, today announced nearly a 2x year-over-year increase in commercial satellite laser optics production volume shipping in 2026 over 2025. 

Satellite communication is accelerating rapidly. This growth is driven by record demand for airplane Wi-Fi, cruise ship video calls, and new U.S. regulatory approvals announced this month that open up massive opportunities to connect standard mobile phones directly to satellites.

“Following this milestone, we have arranged to ship not only our scheduled order quantities but also our on-hand reserve product in inventory,” said Matt Carey, VP of Business Development. “Scaling production to get ahead and keep some in reserve requires unprecedented systemization of our precision craft that involves producing amazing optics accurate to 1/3,000th the thickness of a human hair. To put our tolerances in perspective, even body heat walking past a work center can distort dimensions and ruin them. These optics must capture signals the size of a baseball from hundreds of miles away while orbiting Earth at 17,000 mph.”

With near-ubiquitous global coverage on the horizon, Syntec Optics remains positioned at the cutting edge of precision-engineered products, ready to scale alongside the world’s leading low Earth orbit constellations.

Dean Rudy, CFO, added, “Our industrial engineering efforts are paying off. With increased volume, we are also containing costs and increasing efficiencies. As announced last quarter, our adjusted EBITDA has expanded to double digits, allowing us to fund announced organic growth through operating cash flows. We maintain significant open capacity, with our existing facility capable of supporting top-line growth without requiring new infrastructure. Consequently, the $14 million in cash reported on our balance sheet last quarter remains unused.”

Syntec has continued to announce various other Space product lines this fall for collision-avoidance, reconnaissance for defense-dedicated satellites, and Artemis III rocket actuators. Our products last eight years or more, creating a large backlog of over $200 million in space as we tap into widely available capacity in our existing facility.

Macro-analyses at McKinsey and the World Economic Forum estimate a steeper growth of the space economy reaching $1.8 trillion by 2035 as non-traditional industries (defense, agriculture, logistics, and retail) increasingly integrate space-enabled data.

About Syntec Optics

Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced connected-battlefield defense platforms, AI data centers, and life sciences. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $20 trillion of the $111 trillion in total worldwide production as of 2024—Syntec Optics remains positioned at the forefront of the modern optical revolution.

For more information, visit syntecoptics.com.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.

For further information, please contact:

Investor Relations

InvestorRelations@syntecoptics.com 

SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)


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