Syntec Optics (OPTX) announced it has secured orders to provide optics for commercial fusion energy. In 2023-24, Syntec Optics entered communications by providing optics used in LEO satellites for space and then data centers for Artificial Intelligence deployment. It has now been part of its strategy to seek energy as an end-market for light-enabled products, which is about USD 358.5 billion in size. Fusion energy, a new and diverse form of energy generation, can pave the way for limitless carbon-free energy and address the energy shortage predicted for the future.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OPTX:
- Syntec Optics enabling optices for near vision correction
- Syntec Optics appoints Tom Lopa as director, opto-mechanicals
- Syntec Optics announces $5.2M in orders for defense night vision goggle optics
- Syntec Optics announces increased production of optomechanicals
- Syntec Optics secures $2.1M advanced optics order