Precision Optics Corporation, Inc. announced $680,000 of initial production orders from a top tier defense/aerospace company addressing a new commercial application leveraging the Company's manufacturing IP developed for high precision micro-optics technology. This becomes the third commercialized defense/aerospace program for Precision Optics and builds upon the momentum the company has achieved within the medical device market. Precision Optics initially engaged with the customer at the end of calendar 2022 to help advance a new optical assembly that is higher on the value chain than other previously developed defense/aerospace projects.

Precision Optics delivered initial prototypes in early calendar 2023, and following successful evaluation by the customer, was awarded contracts totaling $680,000 to transition manufacturing documentation and process to full production qualification and to deliver initial production quantities. The initial production order is expected to be delivered during fiscal 2024 and creates the opportunity for future follow-on production orders.