Replies to post #1741 on Optex Systems Holdings Inc. (OPXS)

[rockman213]

Great work here. Thanks. $OPXS getting ready for a return to true valuation. This is from a press release in 2009. Big news. An US ARMY contract with key words "multi-year". The US Army doesn't usually do business with OTC companies. A rarity and it goes to show the caliber of company we are dealing with.
Optex Systems Awarded Multi Million Dollar U.S. Army Contract



Laser Protected Periscope Contract Could Reach $7.5 Million




RICHARDSON, TX--(Marketwire - May 11, 2009) - Optex Systems (Optex) (OTCBB: OPXS), a wholly owned subsidiary of Optex Systems Holdings, Inc., a leading manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, announced today it has been awarded a multi-year contract and first delivery order from the U.S. Army's Tank-Automotive and Armaments Command (TACOM) division, which, if all delivery orders are awarded, could be valued at approximately $7.5 million. Under terms of the agreement, Optex Systems will deliver a range of technologically advanced laser protected periscopes.

The U.S. Army's TACOM division is one of the Army's largest weapon systems research, development, and sustainment organizations. Their mission is to provide and sustain mobility, lethality, and survivability for soldiers, other services, and our Allies through ground combat, automotive, marine and armaments technologies. With a workforce of over 18,000 worldwide, TACOM supports over 3,500 fielded systems and over 29,000 components that make those systems work. Specifically, TACOM's Rock Island's office, through which the award was granted, is responsible for the entire life cycle support of aircraft armament, small arms, field artillery, mortars, tools and training systems, tactical vehicles, light and heavy combat vehicles, watercraft, soldier/biological/chemical systems and deployment/support equipment.

Danny Schoening, COO of Optex Systems, commented, "Our entire organization is very excited about being awarded this multi-year contract by the U.S. Army's TACOM division. It's a testament to our dedication of providing superior mission critical components for the men and women in uniform who perform their jobs at the highest level of dependability and survivability." Mr. Schoening continued, "We have fulfilled the first phase of the order and have begun shipment of various types of our laser protected periscopes to TACOM. We look forward to further developing our relationship with TACOM."