Jan 22 2008
Precision Optics Corporation, Inc. today announced the sale of its custom optical thin film product line to Optometrics Corporation, located in Ayer, MA, a subsidiary of Dynasil Corporation of West Berlin, NJ.
This sale includes equipment used in the development and production of optical thin film filters. In addition to the $250,000 purchase price, Precision Optics will receive royalty payments over the next 3 years on sales of optical thin film products to existing customers over $300,000 annually.
The transaction is part of a major POC initiative to concentrate resources on its medical visualization business. Utilizing recently developed LENSLOCK(TM) and Microprecision(TM) proprietary technologies, POC is now bringing to the medical marketplace a number of next generation endoscope products, including a 5mm diameter Laparoscope utilizing LENSLOCK(TM) technology (patent pending), and a new product line of micro endoscopes with diameters as small as 0.5 millimeters. Precision Optics will continue to maintain an in-house thin film coating capability to support development and production of these and other POC products.