Optex Systems Teams With Optical Resolutions, Inc. on Next Generation 'Switchable' Vision Blocks
RICHARDSON, Texas, Nov. 19, 2009 (GLOBE NEWSWIRE) -- Optex Systems Holdings, Inc. (OTCBB:OPXS), a leading manufacturer of optical sighting systems and assemblies, primarily for Department of Defense applications, today announced participation in the commercialization process of a previously awarded SBIR contract won by Optical Resolutions, Inc. (ORI) through the U.S. Army Research, Development and Engineering Command's Simulation & Training Technology Center (RDECOM STTC) Orlando.
ORI indicated to Optex that it believes it has successfully demonstrated the ability to embed an LCD screen into a periscope assembly, which can then be used to project images into the existing unity sight, similar to a heads-up display. Together, the two companies will prepare a commercialization plan concurrently with the next series of test units, which they intend to deliver to the Government in late 2009.
Paul Weissman, President of Optical Resolutions, Inc., was quoted as saying, "We look forward to the opportunity to work with Optex Systems. Given the advantages of these new technologies combined with the high volume manufacturing expertise at Optex Systems, we hope to quickly move these systems into the Abrams, Strykers, and other combat vehicle upgrades."
ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas - based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.
ABOUT OPTICAL RESOLUTIONS, INC.
ORI, which was founded in 2001, is a Brewster, New York based company which designs and develops precision optical systems for defense and civilian use. ORI's chief inventor and president, Paul Weissman, holds numerous patents to unique and commercially successful innovations including the improved Pancake Window(TM) and several helmet mounted display systems. Mr. Weissman's optical experience has been gained working for over 30 years in the optical display field where he has designed numerous optical systems including the CWSS, GPS and GAS part task trainers, optical systems currently in use for M1.
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Released November 19, 2009