US Market News
2週前
Perrigo Announces Leadership TransitionJune 8, 2026 4:18 PM
PR Newswire (US) Albert A. Manzone Appointed Interim President and CEOPatrick Lockwood-Taylor Resigns as President and CEO and as a Member of the BoardDUBLIN, June 8, 2026 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO) ("Perrigo" or the "Company"), a leading provider of Consumer Self-Care Products, today announced that its Board of Directors has appointed Albert A. Manzone, a member of the Company's Board, as Interim President and Chief Executive Officer, effective immediately. The Board has initiated a comprehensive search process to identify a permanent successor. Patrick Lockwood-Taylor has resigned as President and CEO, and as a member of the Board, effective immediately. This resignation follows a determination by the Board of Directors that certain personal conduct by Mr. Lockwood-Taylor was not consistent with the Company's Code of Conduct and core values. The conduct did not involve the Company's business, strategy, operations, financial reporting, or results of operations.Orlando D. Ashford, Chair of Perrigo's Board of Directors, said, "Perrigo's core values are foundational to how we operate, and the Board expects all colleagues – especially our senior leaders – to uphold those standards at all times. The Board acted decisively and has full confidence in Albert, who brings more than 30 years of global leadership experience and a proven track record of transforming businesses at inflection points and creating value as well as deep knowledge of our business, people, and self-care platform. The Company has made significant progress in advancing our strategy in recent years, stabilizing and streamlining the business and implementing our new commercial operating model and the Board remains confident in Perrigo's outlook. As we move forward, we believe Albert is the right leader to guide Perrigo through this transition and work with the broader leadership team to continue strengthening our company and deliver enhanced value for shareholders."Albert A. Manzone, Interim President and CEO of Perrigo, said, "I have served on Perrigo's Board since 2022, and I know this company well — its self-care platform, its people, and the clear progress we have made on our strategy. My priority as interim CEO is continuity: to keep that strategy on course and to support a talented leadership team as we sustain our momentum on value creation. I look forward to working closely with the Board and the team in the months ahead."Perrigo also reaffirmed its full-year 2026 outlook provided in its first quarter 2026 earnings press release issued on May 6, 2026, including All In net sales growth of (5.5)% to (1.5)%, All In adjusted EPS of $2.00 to $2.30, Core net sales growth of (3.0)% to +1.0% and Core adjusted EPS of $2.25 to $2.55.About Albert A. ManzoneAlbert A. Manzone is a global executive with more than 30 years of leadership experience across consumer goods, consumer health, luxury and hospitality. He has led businesses at global scale, with a track record of transforming companies at inflection points and creating value. He has served as a member of the Perrigo Board of Directors since 2022. Most recently, he was Deputy Chief Executive Officer of Monte-Carlo Société des Bains de Mer, a premier luxury hospitality group, where he drove operational performance and strengthened the leadership team across three consecutive record years. Previously, he served as Chief Executive Officer of Whole Earth Brands, a global food company. Earlier in his career, he was President Europe at Oettinger Davidoff AG and held senior leadership roles at Novartis Consumer Health, W.M. Wrigley Jr. Company, PepsiCo, and McKinsey & Company. He currently serves as a director at Syntec Optics Holdings (NASDAQ: OPTX). He holds an MBA from the Kellogg School of Management at Northwestern University and a postgraduate degree in international business from Sorbonne University.About PerrigoPerrigo Company plc (NYSE: PRGO) is a leading provider of Consumer Self-Care Products and over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed.For more information, visit www.perrigo.com.Forward-Looking StatementsCertain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our, or our industry's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about our expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "forecast," "predict," "potential" or the negative of those terms or other comparable terminology. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control, including: the impact of the leadership transition described herein on our relationships with investors, employees, suppliers, wholesalers, lenders and other stakeholders; our ability to complete the proposed divestment of the Dermacosmetics branded business, receipt of works council and regulatory approval regarding the transaction, performance by counterparties to the transaction and the likelihood of satisfying the deferred payment milestones associated with the transaction, supply chain impacts on our business, including those caused or exacerbated by armed conflict, trade and other economic sanctions and/or disease; general economic, credit, and market conditions; increased or new tariffs by the U.S. or foreign governments (and any retaliatory or reciprocal tariffs) and changes in global trade relations; the impact of the war in Ukraine and any escalation thereof, including the effects of economic and political sanctions imposed by the United States, United Kingdom, European Union, and other countries related thereto; the outbreak or escalation of conflict in other regions where we do business, including the ongoing conflict and social, political and economic environment in Israel and the broader Middle East; current and future impairment charges, if we determine that the carrying amount of specific assets may not be recoverable from the expected future cash flows of such assets; customer acceptance of new products; competition from other industry participants, some of whom have greater marketing resources or larger market shares in certain product categories than we do; pricing pressures from customers and consumers; resolution of uncertain tax positions and any litigation relating thereto, ongoing or future government investigations and regulatory initiatives; uncertainty regarding our ability to obtain and maintain our regulatory approvals; potential costs and reputational impact of product recalls or sales halts; potential adverse changes to U.S. and foreign tax, healthcare and other government policy; the effect of epidemic or pandemic disease; the timing, amount and cost of any share repurchases (or the absence thereof) and/or any refinancing of outstanding debt at or prior to maturity; fluctuations in currency exchange rates and interest rates; receipt of potential earnout payments in connection with the sale of the HRA Rare Diseases Business and the risk that potential costs or liabilities incurred or retained in connection with this transaction may exceed our estimates or adversely affect our business or operations; the risk that potential costs or liabilities incurred or retained in connection with the sale of our Rx business may exceed our estimates or adversely affect our business or operations; the consummation and success of other announced and unannounced acquisitions or dispositions, and our ability to realize the desired benefits thereof; and our ability to execute and achieve the desired benefits of announced cost-reduction efforts and other strategic initiatives and investments, including our ability to achieve the expected benefits from our ongoing restructuring programs and strategic review processes described herein. Adverse results with respect to pending litigation could have a material adverse impact on our operating results, cash flows and liquidity, and could ultimately require the use of corporate assets to pay damages, reducing assets that would otherwise be available for other corporate purposes. These and other important factors, including those discussed in our Form 10-K for the year ended December 31, 2025, and in any subsequent filings with the United States Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this press release are made only as of the date hereof, and unless otherwise required by applicable securities laws, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Perrigo ContactsEric Jacobson, Vice President, Global Investor Relations
eric.jacobson@perrigo.com Nick Gallagher, Associate Director, Global Investor Relations
nicholas.gallagher@perrigo.com View original content to download multimedia:https://www.prnewswire.com/news-releases/perrigo-announces-leadership-transition-302794395.htmlSOURCE Perrigo Company plc Original: Perrigo Announces Leadership Transition
US Market News
3週前
From the Flight Line to the Index: Starfighters Space (FJET) Joins the Russell 3000®June 3, 2026 10:06 AM
PR Newswire (Canada) Issued on behalf of Starfighters Space, Inc.A December IPO, a one-of-a-kind supersonic fleet, and now a place among the roughly 3,000 names that index funds and institutional benchmarks track — here is what membership in the broad U.S. market really signals for an emerging commercial space company.USA News Group News CommentaryCAPE CANAVERAL, Fla., June 3, 2026 /CNW/ -- There is a particular kind of milestone in the life of a young public company that does not come from a contract win, a successful test, or a financing round. It comes quietly, on a schedule set years in advance by an index provider in London, and it lands the same way for a rocket builder as it does for a regional bank. This week it landed for Starfighters Space, Inc. (NYSE: FJET). The company announced that it has been added as a member of the broad-market Russell 3000® Index, effective when U.S. markets open on June 29, 2026, as part of the first 2026 Russell indexes reconstitution. For a company that completed its IPO only in December 2025, arriving on one of the most widely followed equity benchmarks in the world inside its first seven months as a public entity is an unusually fast trip from the listing bell to the index card.To understand why that matters, it helps to understand what the Russell reconstitution actually is. Each year — and, beginning in 2026, on a semi-annual cadence — FTSE Russell, the global index provider, recalibrates its U.S. index family to reflect the shape of the market as it actually exists rather than as it existed a year earlier. The June reconstitution captures up to the 4,000 largest U.S. stocks as of April 30 and ranks them by total market capitalization. Membership is not awarded by a committee weighing a company's story; it is determined primarily through objective market-capitalization rankings and style attributes. A company either clears the size threshold on the measurement date or it does not.That objectivity is precisely what gives index inclusion its weight. Being added to the Russell 3000® means automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, along with the appropriate growth and value style indexes. And membership in the Russell 3000®, which beginning in 2026 remains in place for half a year under the new semi-annual schedule, plugs a company into an enormous gravitational field of capital. According to data as of the end of June 2025, approximately $12.2 trillion in assets are benchmarked against the Russell U.S. indexes. Index funds that track those benchmarks, and active managers who measure themselves against them, now have a reason to know the FJET ticker exists — something no press release can manufacture on its own.The mechanism is more concrete than the abstraction of "visibility" sometimes suggests. When a name is added to a widely tracked index, the funds that passively replicate that index are structurally obligated to hold it in proportion to its weight, which can introduce a layer of buying that has nothing to do with any individual manager's view of the company. Active small-cap funds and ETFs that benchmark against the Russell indexes gain a reason to evaluate the stock as well, because a holding they previously had no exposure to is now part of the yardstick against which their performance is judged. For a recently public micro- or small-cap company, that shift — from invisible to benchmark-relevant — can matter for trading liquidity and for the breadth of the shareholder base, even as it says nothing in itself about whether the underlying business will succeed."We believe our inclusion in the Russell 3000® Index represents an important milestone in Starfighters Space's evolution as a publicly traded space company and reflects growing awareness of our differentiated commercial space platform," said Tim Franta, Chief Executive Officer of Starfighters Space, in the company's announcement. "As we continue advancing STARLAUNCH and expanding our future commercial space launch capabilities, we believe this increased visibility can broaden awareness among institutional investors and support our long-term growth strategy."What sits behind that ticker is not a paper concept. Operating from NASA's Kennedy Space Center in Florida, Starfighters Space maintains what it describes as the world's only commercial fleet of flight-ready F-104 supersonic aircraft capable of sustained MACH 2+ operations. That fleet is the foundation of a deliberately different approach to reaching the edge of space: instead of building ever-larger vertical rockets, the company is developing STARLAUNCH, a responsive airborne launch platform designed to carry payloads aloft on a reusable, aircraft-based architecture before releasing them toward orbit. The model targets payload deployment, airborne space testing, microgravity and high-speed flight environments, hypersonic testing, pilot training, and future air-launch capabilities for commercial, government, research, and national security-related missions.The logic of an air-launch architecture is worth pausing on, because it is the reason a fleet of proven supersonic aircraft can be a forward-looking space story. A rocket carried to altitude and high speed by an aircraft starts its journey above much of the atmosphere's drag and with meaningful velocity already in hand, which can reduce the energy a launch vehicle must supply on its own. Just as importantly, an aircraft does not require a fixed vertical pad and a narrow weather window; it can, in principle, take off from a runway, fly to a release point, and offer a degree of responsiveness and schedule flexibility that traditional ground-based launch struggles to match. For customers in research, defense, and the commercial small-payload market, responsiveness and repeatability — the ability to fly often, on demand, and reuse the platform — are exactly the attributes that turn a capability into a business.It is tempting, when a space company joins an index, to line it up against the usual roster of launch peers. But the more revealing comparison this season is to the other emerging space and defense-technology names making the same trip into the Russell family at the same time. The June 2026 reconstitution has been a notably busy one for the sector.Consider Sidus Space, Inc. (NASDAQ: SIDU), an innovative space and defense technology company that announced it is expected to join the broad-market Russell 3000® Index, the small-cap Russell 2000® Index, and the Russell Microcap® Index at the conclusion of the same June 2026 reconstitution, with inclusion becoming effective after the U.S. market close on June 26, 2026. Sidus framed the move as recognition of progress in strengthening its balance sheet and advancing its space and defense portfolio — the language of a company using index membership as a marker of operational maturation rather than a finish line.Or consider Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a Rochester, New York manufacturer of custom optics and photonics for defense, space, and biomedical end markets, which was also selected for inclusion in the Russell 3000® as part of the 2026 reconstitution, effective after the U.S. market close on June 26, 2026. Syntec's leadership pointed to the company meeting minimum price, volume, and market-capitalization thresholds, and noted that inclusion opens the door for active small-cap funds and ETFs to build positions — a concrete description of the mechanical demand that index membership can introduce.Place those three together — a supersonic air-launch platform, a satellite and defense-technology manufacturer, and an optics and photonics specialist — and a pattern emerges. The 2026 reconstitution is quietly pulling a cohort of small, execution-stage space and defense companies into the same benchmarks that the largest names in the sector already inhabit. And all of them share one effective date: the recalibrated Russell indexes begin operating after the U.S. market close on Friday, June 26, from the open of U.S. markets on Monday, June 29, 2026. The two dates describe the same handoff — the close that locks the new membership in, and the open at which it goes live.That cohort is riding a larger wave. According to FTSE Russell, the June 2026 reconstitution reflects a significant expansion of the U.S. equity market, with the total market capitalization of the Russell 3000® rising 29% from $58.4 trillion at last year's rebalance to $75.6 trillion as of the April 30 rank day. When the overall index expands and is recut, room opens at the threshold for companies that have grown into the size band since the last measurement — and capital markets have been receptive to space and defense names. Reconstitution does not create that growth; it ratifies it after the fact. The companies entering the index this June are, in effect, being formally recognized for market capitalization they had already built by the April 30 measurement date.Within that cohort, Starfighters Space occupies an unusual position. Sidus builds and operates satellites; Syntec supplies the precision optics that defense and space systems depend on. Starfighters, by contrast, owns the vehicle and the runway-based access model itself — a fleet of crewed, reusable MACH 2+ aircraft operating from one of the most recognizable addresses in American spaceflight. It is a different bet on how the commercial space economy scales, and it is now a bet that index-tracking capital can express without leaving the Russell 3000®.None of this should be mistaken for a verdict on valuation. Index inclusion is a function of market capitalization and style, not a judgment on a business plan, and the reconstitution can add demand at the margin without changing the fundamentals of execution risk that face any pre-revenue or early-revenue space company. Starfighters still has to advance STARLAUNCH, expand its infrastructure, navigate launch licensing, and convert a differentiated platform into recurring missions. What inclusion changes is the size of the room the story is told in.Since its December 2025 IPO, the company has been steadily expanding its operational footprint and platform capabilities from Kennedy Space Center. Joining the Russell 3000® this June does not finish that work — but it does mean that, for at least the next half year, a far larger share of the institutional market will be watching how it gets done.TRACK THE TREND WITH EAGLE EYE:To help investors track sentiment and market-forum activity around developing stories like this one, MIQ offers Eagle Eye, a free investor-signal tool that scans market-forum discussion for emerging trends. It is available to everyone at eagleeye.usanewsgroup.com as a research aid — not investment advice — to help investors make more informed decisions.Contact
USA News Group
info @therooster-2873Sources[1] Starfighters Space, Inc. company news release and syndicated GlobeNewswire distribution, June 2026.[2] Sidus Space, Inc. (NASDAQ: SIDU) news release, June 1, 2026.[3] Syntec Optics Holdings, Inc. (Nasdaq: OPTX) news release, June 1, 2026.[4] FTSE Russell / LSEG, "FTSE Russell Begins June 2026 Semi-Annual Russell US Indexes Reconstitution."DISCLAIMERNothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by USA News Group on behalf of MIQ. MIQ has been paid a fee for Starfighters Space, Inc. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Starfighters Space, Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. The owner/operator of MIQ currently owns shares of Starfighters Space, Inc. that were purchased in the open market and reserves the right to buy and sell, and will buy and sell shares of Starfighters Space, Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been reviewed and approved on behalf of Starfighters Space, Inc. by CDMG; this is a digital media distribution.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.FORWARD-LOOKING STATEMENTS:This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that demand for U.S. aerodynamic and hypersonic test infrastructure will continue to accelerate; that Starfighters Space, Inc.'s F-104 platform will provide testing capabilities at the cadence and conditions described; that the Company's expansion to Midland, Texas will proceed as planned; that the Company will retain and grow its existing customer base; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.Logo - https://mma.prnewswire.com/media/2838876/6001785/USA_News_Group_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/from-the-flight-line-to-the-index-starfighters-space-fjet-joins-the-russell-3000-302790318.htmlSOURCE USA News Group Original: From the Flight Line to the Index: Starfighters Space (FJET) Joins the Russell 3000®
Gator44
11月前
https://ih.advfn.com/stock-market/NASDAQ/syntec-optics-OPTX/stock-news/96456672/syntec-optics-nasdaq-optx-expands-into-products-e
ROCHESTER, NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec Optics” or the “Company”), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today announced it has received initial orders enabling high-performance fuel actuators for rocket engines used in critical defense and space applications. Syntec will provide essential, high-precision advanced manufacturing solutions utilizing its advanced nanotechnology processes.
Fuel actuators are mission-critical systems in rocket propulsion, providing precise control of propellant flow to the engine. This control is vital for managing thrust and ensuring accurate trajectory, from launch to orbital maneuvering. As the defense and commercial space sectors expand, the demand for reliable, high-performance propulsion systems is increasing significantly.
The global rocket propulsion market, valued at USD 10.5 billion in 2023, is projected to reach USD 24.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.2%. Increased satellite launches, space exploration missions, and national security initiatives drive this growth. Syntec Optics' product is integral to the sophisticated actuators required by this expanding market.
"The reliability of rocket engines is paramount, and that reliability starts with the precision of every single component," said Matt Carey, VP of Business Development and Delivery at Syntec Optics. "We are proud to be a trusted partner, applying our advanced optical manufacturing techniques to supply mission-critical components for fuel actuators that perform under the most extreme conditions. Our expertise in creating durable, high-precision optical solutions in a wide range of materials pushes the mechanical limits of control systems in advanced rocketry and other technologies forward. This work highlights our commitment to supporting the U.S. industrial base for both defense and the growing commercial space economy."
About Syntec Optics
Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. Syntec Optics recently launched new products, including Low Earth Orbit (LEO) satellite optics for communication, lightweight night vision goggle optics for defense, biomedical optics for defense, and data center optics for Artificial Intelligence. To learn more, visit www.syntecoptics.com.
INV4
1年前
Syntec Optics (Nasdaq: OPTX) Expands Optics Product Lines in Growing Space Market
March 17 2025 - 8:15AM
Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced a significant expansion of its space products offering to add optomechanicals for satellite optics and ground networks. These products are in the development and Production Part Approval Process (PPAP). Such diverse products further position Syntec to benefit from the rapidly expanding global satellite market, now forecasted by Goldman Sachs to become seven times bigger.
Building upon its expertise in ultra-high precision optics for Low Earth Orbit (LEO) and recognizing the critical role of increasing ground-based infrastructure in satellite communications to reduce latency, Syntec is starting to make a new line of custom optomechanicals for earth-based stations, enabling high-bandwidth data transmission and signal processing.
"The global satellite market is experiencing high growth, and with that growth comes the need for more precise and diverse optical and optomechanicals," said Dean Rudy, CFO of Syntec Optics. "Our expanded product portfolio, encompassing not just satellite optics but also integrated mechanical sub-assemblies and ground station optics, allows us to offer our customers a comprehensive suite of solutions to meet their evolving needs. Adding base station optics is a natural extension of our LEO satellite optics production, as both are critical to the overall communications infrastructure. We are excited to play a pivotal role in enabling the next generation of satellite communications."
Syntec Optics' commitment to vertical integration, including in-house preform production and advanced manufacturing techniques, ensures the highest levels of precision and quality. This has enabled a reduction in the weight of optics to meet the stringent requirements of demanding applications in space.
Dean Rudy added, "We are committed to providing our OEM with innovative and reliable optical solutions that enable them to achieve their goals."
The growth of the LEO satellite market is driven by the desire to secure the best orbits with the ideal altitudes for the most efficient coverage. These satellites now serve cellular services, air, land, and sea transport where the internet cannot be reached, and provide emergency response when infrastructure is disrupted by disaster. According to a Goldman Sachs report, in the most optimistic scenario, the market could grow to be worth as much as $457 billion by 2035, up from the current $15 billion.
About Syntec Optics
Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. Syntec Optics recently launched new products, including Low Earth Orbit (LEO) satellite optics, lightweight night vision goggle optics, biomedical equipment optics, and precision microlens arrays. To learn more, visit www.syntecoptics.com.
https://ih.advfn.com/stock-market/NASDAQ/syntec-optics-OPTX/stock-news/95641400/syntec-optics-nasdaq-optx-expands-optics-product
$OPTX
INV4
2年前
Hahaha 😃... this is a very interesting company.
Syntec Optics is one of the largest custom optics and photonics manufacturers in the United States. We have revolutionized the industry by manufacturing optics from polymers, which decrease the cost and weight and increases the biocompatibility of your optical systems. Syntec Optics is vertically integrated all the way from design and component manufacturing to assembly for all of your program’s requirements.
https://syntecoptics.com/
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Mike Ransford Joins Syntec Optics (Nasdaq: OPTX) as Site Manager
December 16, 2024 16:15 ET | Source: Syntec Optics
ROCHESTER, NEW YORK, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced the appointment of Michael J. Ransford as Site Manager. In this role, Ransford will oversee technology and operations.
With over 30 years of experience in engineering, operations, and business leadership, Ransford brings a wealth of expertise to Syntec Optics. His impressive career began at the forefront of the internet revolution in the 90s, contributing optics to the critical infrastructure using DWDM technology. Syntec Optics can benefit from this knowledge for its data center optical connectivity products, the growth of which is driven by artificial intelligence deployment. Mike later worked at Semrock, which was subsequently acquired by publicly listed company IDEX, where he contributed to operational efficiency improvements during top-line growth. Syntec Optics can benefit from this background for building efficiency while scaling manufacturing. At IDEX, Ransford advanced to Site Manager, applying his knowledge to global facilities. He later became VP of Life Sciences Optics at IDEX, successfully consolidating multiple optics facilities in Rochester, NY, with the support of government aid. Most recently, he worked in the thin film coating business, an area of vendor improvement for Syntec. He worked closely with investors, leading operations to drive growth from optics M&A using rigorous financial and operational performance metrics. All of this experience benefits Syntec Optics in its long-term M&A strategy.
“We are thrilled to welcome Mike to the Syntec Optics team,” said Dean Rudy, CFO at Syntec Optics. “His extensive experience and leadership skills, coupled with his proven track record of driving operational excellence and business growth, will be invaluable as we continue to innovate and expand our operations. We are confident that Mike will significantly contribute to our ongoing success.”
Ransford holds a Master’s degree in Electrical Engineering from Johns Hopkins University and a Bachelor’s in Electrical Engineering from the University of Michigan.
About Syntec Optics
Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. Syntec Optics recently launched new products, including Low Earth Orbit (LEO) satellite optics, lightweight night vision goggle optics, biomedical equipment optics, and precision microlens arrays. To learn more, visit www.syntecoptics.com.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to the transactions contemplated by the business combination and related agreements, future results of operations and financial position, revenue and other metrics, planned products and services, business strategy and plans, objectives of management for future operations of Syntec Optics, market size, and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings including registration statement on Form S-4 filed with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
For further information, please contact:
Sara Hart
Investor Relations
InvestorRelations@syntecoptics.com
SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)
https://www.globenewswire.com/news-release/2024/12/16/2997892/0/en/Mike-Ransford-Joins-Syntec-Optics-Nasdaq-OPTX-as-Site-Manager.html
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