Precision Optics enters into main purchase agreement with aerospace customer

Precision Optics (POCI) announced it has executed a Main Purchase Agreement which will govern the Company’s ongoing work with a top tier aerospace company. The agreement highlights the commitment between the companies to expand production of a commercial application that leverages Precision Optics’ proprietary manufacturing technology. Orders during the current calendar year for this program have exceeded $3.1 million, increasing total backlog from this program to $6.6 million. To accelerate deliveries, POC recently doubled its clean room production line capacity and expects the current backlog to be delivered over the next 12 months. The two parties commenced production of this program in September 2023. Follow-on orders have been received on an ongoing basis since that time, culminating in the execution of a formal agreement between the two companies containing minimum purchase commitments of nearly $4 million per year through calendar 2026.