Optex Systems Holdings Inc. (OPXS)

[Jerry70]

Optex Systems, Inc. Wins $1.0 Million Award Under General Dynamics Contract.

RICHARDSON, TX-(Marketwired - December 09, 2013) - Optex Systems, Inc., a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCBB: OPXS), a leading manufacturer of optical sighting systems and assemblies for domestic and foreign militaries, announced today that it has received a new Purchase Order from General Dynamics Land Systems - Canada for $1.0 million under their existing contract to upgrade the Commander's Sighting System in the Canadian Army's fleet of Light Armored Vehicles III combat vehicles. General Dynamics Land Systems is a business unit of General Dynamics.
"We continue to work closely with General Dynamics Land Systems - Canada to deliver a comprehensive, high quality product to support their efforts to modernize the existing worldwide LAV III fleet. These sighting systems use Optex's proprietary Digital Day and Night ('DDAN') technology which upgrades the M36 weapon platform on the LAV III vehicles with the addition of both high definition digital video output for day use and third generation, 18mm image intensified technology for night use," said Danny Schoening, Chief Executive Officer of Optex Systems Inc. "We are gratified that the Canadian Army has adopted our advanced technology, the result of our investment in optical engineering solutions," he concluded.
The DDAN, Digital Day and Night technology, is applicable to all M36 Weapon Platforms used by the US and foreign militaries.

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