Syntec Optics Holdings Inc. (NASDAQ: OPTX) announced on Wednesday it has received an order to manufacture specialized waveguides for space satellites, enabling simultaneous multi-channel communication. The waveguides, developed over the past six months, are now entering scaled production with weekly shipments planned.
The order follows a customer visit to Syntec’s Rochester, New York facility this week, which led to production scaling initiatives. The company’s space antenna portfolio, which includes a previously announced stability product, is projected to generate over $1 million in annual revenue, according to management.
Syntec employs nearly 180 people and serves markets including satellites, defense platforms, AI data centers, and life sciences. Last quarter, the company completed a capital raise and retired its commercial bank debt, while transitioning to a local audit firm to strengthen its financial infrastructure.
Matt Carey, Vice President of Business Development, said the company is leveraging its experience in manufacturing optics for communication satellites to meet growing demand, with additional engineers being added to support production scaling. Dean Rudy, Chief Financial Officer, highlighted the revenue potential of the space antenna portfolio and the improved financial positioning following the capital raise and debt retirement.
