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Syntec Optics (Nasdaq: OPTX) Adds Tom Lopa to the Team as Director of Opto-Mechanicals

1. Tom Lopa joins Syntec Optics as Director of Opto-Mechanicals. 2. Lopa has extensive experience in manufacturing operations and optimization. 3. Focus on increasing production for satellite, biomedical, and night vision products. 4. Syntec to enhance opto-mechanical capabilities for diverse end markets. 5. Company emphasizes strategic vision for innovation and operational excellence.

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FAQ

Why Bullish?

The appointment of a seasoned leader like Lopa should enhance Syntec's operational capabilities, which may increase revenue and market share. Historically, leadership changes in manufacturing sectors often lead to positive productivity gains, evidenced by companies benefiting from new strategic directions.

How important is it?

The news is significant due to Lopa's experience in manufacturing—critical for Syntec's growth, especially in high-demand markets such as defense and biomedical optics.

Why Long Term?

As Mr. Lopa implements strategic improvements, benefits may take time to materialize fully. Long-term growth is hinted at through his extensive experience in scaling operations and product innovation.

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ROCHESTER, NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today announced that Tom Lopa has joined the company as Director of Opto-Mechanicals. Mr. Lopa brings extensive experience in manufacturing operations, strategic leadership, and manufacturing process optimization to Syntec Optics. In his new role, Mr. Lopa will lead and increase production for aiming, satellite, biomedical, and night vision opto-mechanical products. These Syntec products enable light for diverse end markets like defense, communication, biomedical, and consumer by creatively combining several different opto-mechanical operations within Syntec's unique optics manufacturing facility. "We are thrilled to welcome Tom to the Syntec Optics team," said Mike Ransford, Site Leader at Syntec Optics. "Tom's proven track record in leading high-performing manufacturing operations and driving significant process improvements is exactly what we need as we enhance and scale our opto-mechanical offerings. His expertise in lean manufacturing, quality systems, and strategic facility development, including his prior experience in optics manufacturing, will be invaluable as we integrate more complex capabilities to serve a broader range of customer needs." Mr. Lopa commented, "I am excited to join Syntec Optics at such a pivotal time. The company's commitment to innovation and strategic vision for integrated optical solutions is compelling. I look forward to leveraging my experience in operational excellence and team leadership to build upon Syntec's strong foundation and contribute to its growth by leading the opto-mechanical operations." Mr. Lopa is a results-driven leader with decades of experience in advanced manufacturing. Most recently, as Production Manager in a satellite division, he led initiatives that significantly increased capacity, improved on-time delivery, and yielded substantial savings through continuous improvement and automation. His background also includes roles as Plant Manager, where he transformed manufacturing processes into world-class lean operations. Mr. Lopa holds an MBA from the University of Scranton and a BS in Business Management from Rochester Institute of Technology. He is a certified Six Sigma Black Belt with expertise in various quality systems. About Syntec Optics Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. Syntec Optics recently launched new products, including Low Earth Orbit (LEO) satellite optics for communication, lightweight night vision goggle optics for defense, biomedical optics for defense, and data center optics for Artificial Intelligence. To learn more, visit www.syntecoptics.com. Forward-Looking Statements This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to the transactions contemplated by the business combination and related agreements, future results of operations and financial position, revenue and other metrics, planned products and services, business strategy and plans, objectives of management for future operations of Syntec Optics, market size, and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings including registration statement on Form S-4 filed with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law. For further information, please contact: Tim Bechtold Investor Relations InvestorRelations@syntecoptics.com SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)

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