Syntec Optics (Nasdaq: OPTX) Lands Space Optics Order, Boosting Total to $4.3M for Weekly Satellite Launches

ROCHESTER, NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (NASDAQ: OPTX ) ("Syntec Optics" or the "Company"), a Space and Defense deep tech leader, today announced nearly $2.4 million in new purchase orders for the product line, scaled for higher production in Q1 2026, to support weekly launches of Low Earth Orbit satellites. This order expands the previously announced nearly $1.9 million Q1 order, bringing total recent awards for this product line to nearly $4.3 million, with full delivery expected before the middle of next quarter. Tens of thousands of Syntec Optics nanoscale-precision optics are already operational in low-Earth orbit, driving the future of global connectivity. Syntec enables the micro-targeted laser beams essential for seamless, high-volume data transfers between satellites in a vacuum. By bypassing traditional terrestrial bottlenecks, this orbital highway uses nanoscale precision optics to provide significantly faster, highly secure internet access to underserved and high-mobility markets globally, from commercial cruise liners to transcontinental flights. "The future of space optics is poised to grow at an accelerated pace with the evolution of orbital AI data centers," said Matt Carey, VP of Business Development and Delivery. "As these platforms begin handling massive data workloads right in orbit—relying on laser networks for high-speed syncing, solar arrays for power, and the vacuum of space for cooling—the need for ultra-precise optical infrastructure can accelerate." "The United States maintains a multi-year lead in global space technology, and the Syntec Optics team is thrilled to be a critical contributor to this expanding space economy over the next decade," said CFO Dean Rudy. "With nearly 20,000 of our ultra-precise optics orbiting the Earth, we are proud to support America's leadership in space innovation." Goldman Sachs projects that nearly 30 percent of the world population still lacks internet services, and the satellite market could grow significantly, from $15 billion to $108 billion by 2035. Morgan Stanley forecasts that the global space economy will reach $1 trillion by 2040. About ... Full story available on Benzinga.com