Optex Systems, Inc. Wins $1.15 Million Award
RICHARDSON, Texas, Oct. 26, 2011 (GLOBE NEWSWIRE) -- Optex Systems, Inc., a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCBB:OPXS), and a leading manufacturer of optical sighting systems and assemblies for domestic and foreign military and related applications, announced today that it has received a $1.15 million award from the Defense Logistics Agency for a Gunner's Head Assembly on the M1 Abrams Tank.
The award to Optex Systems calls for the delivery of 82 units in the next 12 months.
"This is an excellent win for Optex. It fits squarely within our core competencies of electro-mechanical and optical manufacturing technologies and it expands our footprint on the M1 Abrams Tank Platform," said Danny Schoening, General Manager and Chief Operating Officer of Optex Systems Holdings, Inc.
Optex Systems currently supplies various laser protected periscopes and weapon subsystems on the M1A1 and M1A2 Abrams Tank Platform.
ABOUT OPTEX SYSTEMS HOLDINGS, INC. AND OPTEX SYSTEMS, INC.
Optex Systems, Inc., which is the wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCBB:OPXS), was founded in 1987 and 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 Systems, Inc. also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex Systems, Inc. delivers its products both directly to the military services and to prime contractors. For additional information, please visit the website at www.optexsys.com.
CONTACT: Optex Systems Holdings, Inc.
Stanley A. Hirschman, President
(972) 644-0722
ir@optexsys.com
1420 Presidential Drive
Richardson, TX 75081
Source: Optex Systems Holdings, Inc.
Released October 26, 2011