tiprankstipranks
Trending News
More News >

Nortech Systems issued patent for AOX technology platform

Nortech Systems announced the issuance of a new patent for their Active Optical Xtreme, or AOX, technology platform. This technology integrates cutting-edge transceivers, receivers and optical fiber within a non-magnetic cable or connector assembly designed to operate in magnetically sensitive environments. Nortech last week announced the consolidation of all wire and cable production for Aerospace and Defense customers to its Bemidji facility. This move follows four years of strategic investments in research and development, significantly upgrading the fiber optic manufacturing capabilities at the Bemidji location. By centralizing production, Nortech aims to grow the fiber optic business, enhance operational efficiency, bolster product quality, and reinforce its commitment to innovation and sustainability within the industry. AOX adoption will ramp up through 2024 and will not have a material impact on Nortech’s 2024 or 2025 financial results.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue