Optex Systems has acquired Speedtracker from RUB Aluminum and has also established a Contract Manufacturing Agreement for the continued production of the Speedtracker Mach 4+ product line. The Company acquired Speedtracker using cash on hand, with potential additional future cash payments based on successful completion of defined milestones. Initially launched in August of 2022, and with several thousand units in field, the Company intends to enhance the distribution and growth of the Speedtracker line.
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