RICHARDSON, Texas, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Optex Systems Holdings, Inc. (OTCQB:OPXS), a leading
manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, today announced
a $1.9 Million order from Defense Logistics Agency Troop Support, Philadelphia. The products will be manufactured at the
Applied Optics Center (AOC) Division of Optex Systems, Inc.
Bill Bates, GM of the AOC Division, commented, “This award continues our legacy support of the Abram Tank
Program.” Requirements for this order will be completed in calendar year 2019.
With this order, Optex’s current backlog stands at over $28.2 million.
ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical
sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various
types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security
Vehicles, and have been selected for installation on the Stryker family of 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. For additional information, please visit the Company's website at
www.optexsys.com.
Safe Harbor Statement
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation
Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by
the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,”
“project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and
uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such
funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued
geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing
engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in
technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal
procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market
acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced
components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such
benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations,
increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers,
unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks
regardless of growth and value and various other factors beyond our control.
You must carefully consider any such statement and should understand that many factors could cause actual results to differ from
the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and
uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual
future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You
should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms
10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from
expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently,
you should not consider any such list to be a complete list of all potential risks or uncertainties.
Contact:
IR@optexsys.com
(972) 764-5718
