Optex Systems, Inc. Wins $1.13 Million Award
RICHARDSON, TX -- (MARKETWIRE) -- 09/20/12 -- Optex Systems, Inc., a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCQB: OPXS) (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 $1.13 million award from General Dynamics Land Systems for additional ICWS (Improved Commander's Weapon Station) Periscopes. The ICWS Periscopes are a critical component of the M1A2 Abrams Tank. Period of performance is for one year beginning in March 2013.
Danny Schoening, General Manager and Chief Operating Officer of Optex Systems Holdings, Inc. commented, "We are delighted in having been selected to continue to provide General Dynamics Land Systems with these advanced periscopes as they support our troops at home and abroad. Our mission is to continue to provide cost-effective, technology enhanced sighting systems while being diligent and keeping warfighter safety as our primary goal."
Optex Systems currently supplies various laser protected periscopes and weapon subsystems on the M1A1 and M1A2 Abrams Tank Platform. With this order, Optex Systems currently has a backlog in excess of $18 million.
ABOUT OPTEX SYSTEMS HOLDINGS, INC. AND OPTEX SYSTEMS, INC.
Optex Systems, Inc., which is the wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCQB: OPXS) (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.
Stan Hirschman
President
1420 Presidential Blvd
Richardson, TX 75281
(972) 764-5677
Released September 20, 2012