Folks, 9 years ago I posted the post I am reply to here, about $OPXS. It was OTC at the time.
I have held that stock all these years and This year it up listed to Nasdaq. Last year it used 4 mil dollars in cash and bought back some of the float, which is tiny. I made add that their patented optics are key advantage the US and NATO have the old out of date Russian hardware. In fact it is one of the key things the Russian tanks have a severe disadvantage over, and the OPXS optics is patented sole sourced to General Dynamics and others. OPXS also has non military commercial and retail clients
Optex Systems Holdings, Inc., (OTCBB:OPXS) through its wholly-owned subsidiary, Optex Systems, Inc is a well positioned defense company with an established history in the industry, a strong customer base and a backlog of contracts moving forward.
Optex Systems, Inc. was founded in 1987, as an ISO 9001:2000 certified concern that manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications.
Optex products are currently marketed in the military and related government markets. Since 1998, American military spending has increased over 225% on an annual basis to over $600 billion per year. As the American presence overseas continues, this level of spending should continue to exist. Also, the market for replacement parts for existing military equipment is significant.
Optex meets the U.S. military requirements in its product lines: • Reliability - failure can cost lives • Cost effectiveness • Ability to deliver on schedule • Armed forces need to be able to see to perform • Mission critical products. Optex products are currently sold exclusively to military and related government markets. We believe we have significant potential retail opportunities to commercialize various products we presently manufacture. Our initial focus will be directed in three product areas.
Big Eye Binoculars - While the military application we produce is based on mature military designs, Optex owns all castings, tooling and glass technology. These large fixed mount binoculars could be sold to Cruise Ships, Personal Yachts and Cities/Municipalities.
Night Vision Goggles - Optex presently manufactures the Optical System for the NL-61 Night Vision Goggles for the Ministry of Defense of Israel. This technology is based on the IR Squared design and could be implemented for retail commercial applications.
Infrared Imaging Equipment - Optex manufactures and assembles Infrared Imaging Equipment for Textron and components for Raytheon's Thermal Imaging M36 Mount product. This equipment and technology has potential to be assembled for border patrol, police and security agencies. Optex products are installed on a majority of types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Advanced Security Vehicles and have been selected for installation on the Stryker family of 10 vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.
Specific product lines include: • Electronic sighting systems • Mechanical sighting systems • Laser protected glass periscopes • Laser protected plastic periscopes • Non-laser protected plastic periscopes • Howitzer sighting systems • Ship binoculars • Replacement optics (e.g. filters, mirrors)
IMPORTANT THINGS TO KEEP IN MIND!!!
$OPXS $5,687,690 on last 12 Month's Contracts
$OPXS has 78 working Contracts on the book's - Back Log
$17,070,000 2013 Rev's $2,536,641.80 Feb 2014 Contracts from Department of Defense $2,151,048.61 (22) 2013 Contracts from Department of Defense $1,000,000 General Dynamics Dec 2013 Deal $94,000,000 (158) Contracts Total from DoD 2009/2012 $7,000,000 Inventory Paid for $1,600,000 Operating Cash on Hand and enough CEO says 70+ Employees and Part Time - $3,500,000 Payroll 75 Discrete contract's ongoing * in filing 10K 148,000,000 shares insiders * CEO * CFO * President * Ottwa 157,346,607 Outstanding Pay Down Debt * $500k short term * $1.3m long term
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