Inrad Optics, Inc. (INRD)

[THE MICROCAPITALI$T]

PHPG .90...the MRC acq is the second acq in a year(see below)...last one was Laser Optics late last fall which has worked out very well for the company....from last 10q:

Sales of INRAD laser accessories to both OEM’s and researchers was stronger than in the same period a year ago, as were deliveries of INRAD optical components to defense sector OEM’s. Sales of custom optical components by the “new” Laser Optics (the business unit formed in December 2003 from the merger of the assets of Laser Optics, Inc. and those of INRAD custom optics) was strong to customers in the aerospace, defense, and process control and metrology sectors. Sales to one aerospace customer represented 21% of revenues in this quarter. Sales to one process control and metrology sector customer represented 15% of revenues in this quarter.
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MRC has been in business for 20 years and their tech compliments PHPG's in house photonics products/technology giving the company broader and more refined capabilities.

http://biz.yahoo.com/prnews/041020/nyw003_1.html

This should add to the company's defense and aerospace numbers...which already run to more than 50% of revenue:

+++From last 10Q+++:
In this year’s second quarter, OEM order intake was strong for optical components from both INRAD and Laser Optics, and for INRAD laser accessories. Orders from four major OEM customers accounted for 65% of the total bookings in this quarter. One order was from a major defense industry OEM, ATK Missile Systems Division, who placed another follow-on production order for INRAD proprietary filter crystals used in their anti-aircraft missile warning systems. Another order was from Northrop Grumman Defensive Systems Division for proprietary filter crystals used in their anti-aircraft missile warning systems. The third and fourth were from a major defense electro-optical systems OEM and from a process control and metrology sector major OEM for relatively large quantities of various precision custom optical components from our Laser Optics business unit.





From PR-

MRC has developed custom processes to support prototype through high rate production quantities of large flat mirrors, thermally stable optical mirrors, reflective porro prisms, low RMS surface finish polished mirrors, diamond machined and precision aspheric and plano mirrors, and arc-second accuracy polygons and motor assemblies. Optical plating specialties include void-free gold and electroless nickel. Insistence on quality and technical integrity has given MRC well-deserved recognition in the marketplace, serving customers in commercial, military, and aerospace industry sectors.