Forms a Powerhouse in Optical Design and Volume Manufacture for Medical Device Imaging Systems and Safer, Single-Use Devices
GARDNER, MA and WINDHAM, ME (October 8, 2021) — Today, Precision Optics Corporation, Inc. (OTCQB: PEYE), a leading designer and manufacturer of advanced optical instruments, announces a strategic merger with Lighthouse Imaging LLC (“Lighthouse Imaging”). The merger combines two leaders in medical optics and digital imaging, helping customers leverage Precision Optics’ next- generation micro-optics capabilities with Lighthouse Imaging’s leading-edge optical imaging electronics and systems integration. Together, the two companies take precision optical imaging solutions from concept into commercialization at scale, helping product development teams partner with a single source for optical modules, endoscopic equipment, and complex illumination systems.
“This is an exciting time for Precision Optics, Lighthouse Imaging, our employees, our customers, and our shareholders as we bring together two industry leaders in the development and manufacture of medical imaging systems,” commented Dr. Joseph Forkey, President, and CEO of Precision Optics. “We’re excited to expand our presence so that our customers can continue advancing modern healthcare through precision visualization solutions and safer medical devices.”
Tom Snyder, CEO of Lighthouse Imaging, commented, “On behalf of the owners and employees of Lighthouse Imaging, I am excited about the combination of these two industry-leading companies. Together, we are well-positioned to serve the medical imaging markets.”
Minimally invasive surgeries require devices that deliver high-resolution digital imaging in the smallest possible size. Precision Optics, together with Lighthouse Imaging, is uniquely capable to deliver both optical and electrical engineering requirements in endoscopy solutions and to develop innovative instrumentation that challenges limits for size and performance.
Like Ross Optical, Lighthouse Imaging is now officially a division of Precision Optics. Lighthouse Imaging customers can expect the same commitment to service and point of contact along with increased depth and breadth of capability.
About Precision Optics Corporation
Founded in 1982, Precision Optics is a vertically integrated optics company that develops proprietary micro-optics and 3D imaging technologies to the healthcare and defense/aerospace industries, from new product concepts through mass manufacture. Our leading-edge in-house design, prototype, regulatory, and fabrication capabilities as well as its Ross Optical division’s high volume worldwide sourcing, inspecting, and production resources allow us to deliver next-generation product solutions to the most challenging customer requirements. Precision Optics helps medical device companies around the world provide enhanced and smaller imaging systems for minimally invasive surgery as well as 3D endoscopy systems to support the rapid proliferation of surgical robotic systems. For decades, Precision Optics has supplied top-tier medical device companies with a wide variety of optical products including complex endocouplers and specialized endoscopes. The company leverages our expertise in micro-optics to enable leading-edge defense/aerospace applications which require the highest quality standards and the optimization of size, weight, and power. For more information, please visit www.poci.com.
Precision Optics Corporation
Contact: Dr. Joseph Forkey
jforkey@poci.com
(978) 630-1800