Syntec Optics Holdings, Inc. (NASDAQ: OPTX) shares enjoyed slight gains early Tuesday. The Rochester, New York-based company, a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced it is developing critical optics manufacturing and sub-assembly processes for the world’s first approach to project vital information directly into the eye eliminating need for any Augmented/Virtual/Mixed Reality (AR/VR/MR) display optics. This groundbreaking product enabled for our OEM represents a paradigm shift in AR/VR/MR wearable technology.
Syntec uses advanced manufacturing techniques to make projection optics that are very precise and small. These optics stay out of the field of view of users who need AR/VR/MR for extended hours in demanding environments, such as medical assistance in space or advanced defense aircraft repairs.
Syntec’s ultra-precision manufacturing for our OEM can provide a clear, high-resolution direct display, eliminating any see-through optics in traditional AR/VR/MR.
“We are thrilled to be at the forefront of this revolutionary direct-to-eye projection technology,” said Joel Lawther, Program Manager at Syntec Optics.
“This project underscores our commitment to pushing the boundaries of optical manufacturing and engineering to deliver cutting-edge solutions for our OEM customers. The optical prototype head-mounted display we enable will be an advanced visual augmentation tool that offers real-time data and hands-free operation to improve task efficiency and safety where traditional AR/VR/MR systems can’t be used.”
OPTX shares squeezed out gains of six cents, or 5.2%, early Tuesday to $1.17.
