Syntec Optics Holdings Announces It Had Secured Orders To Provide Optics For Commercial Fusion Energy. Part Of Companies Strategy To Seek Energy As An End-Market For Light-Enabled Products

Syntec Optics Holdings, Inc. (NASDAQ:OPTX), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today announced it has secured orders to provide optics for commercial fusion energy.

In 2023-24, Syntec Optics entered communications by providing optics used in LEO satellites for space and then data centers for Artificial Intelligence deployment. It has now been part of its strategy to seek energy as an end-market for light-enabled products, which is about USD 358.5 billion in size. Fusion energy, a new and diverse form of energy generation, can pave the way for limitless carbon-free energy and address the energy shortage predicted for the future.

"We are really glad for this opportunity to get involved early in the development of a new energy technology, enabling optics for a machine that creates substantial demand for grid-scale power plants in the future," said Matt Carey, head of business development and delivery at Syntec Optics. "We are proud to apply our decades of expertise in designing and manufacturing high-precision optics and be part of the fusion energy supply chain. Our ability to produce complex optics is crucial for such devices for industry-leading innovators, and we believe this technology has the potential to fulfill energy needs for millions."

Contributing to next-generation technologies underscores Syntec Optics' commitment to advancing the frontier through manufacturing innovation.