StockNews.AI
OPTX
StockNews.AI
21 days

Syntec Optics (Nasdaq: OPTX) Launches Pioneering New York State Apprenticeship Program to Foster U.S. Advanced Manufacturing

1. Syntec Optics launched a New York State-certified apprenticeship program. 2. The program aims to fill critical talent gaps in optics manufacturing. 3. Demand for advanced manufacturing is growing in various tech sectors. 4. The apprenticeship will train future leaders and innovators in optics. 5. Participants may receive scholarships for education and tools.

10m saved
Insight
Article

FAQ

Why Bullish?

The apprenticeship program could enhance workforce quality, boosting OPTX's production capabilities and innovation, similar to how workforce development initiatives have benefited other tech companies in the past, strengthening their market position.

How important is it?

The article highlights a strategic initiative that addresses skill shortages and supports long-term growth, which can positively influence stock performance in the optics and photonics sectors.

Why Long Term?

The benefits from this program will unfold over time as apprentices graduate and contribute, akin to long-term gains seen in firms investing in training and skill development.

Related Companies

LMTGDNOC
ROCHESTER, NEW YORK, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec Optics” or the “Company”), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today announced the launch of an apprenticeship program created to be New York State certified and funded. The program is intended to cultivate the next generation of highly skilled manufacturing technicians and is the first of its kind in the United States. Developed in partnership with the Rochester Technology and Manufacturing Association (RTMA) and Monroe Community College (MCC), the program addresses the critical need for specialized talent in the optics and photonics manufacturing sector. The curriculum was developed by Chief Engineer Ryan Kromm and former Senior Technician Mark Webster, along with other team members on the nanotechnology team. It combines intensive on-the-job training, dedicated mentorship from experts, and specialized coursework in nanomachining and optics to provide a robust foundation in this demanding field. The program is built in collaboration with the New York State Department of Labor (NYSDOL) under the Precision Optics Manufacturing Technician umbrella, establishing a new standard for workforce development in the U.S. "Investing in our future workforce is a core part of our strategy to drive innovation," said Dean Rudy, CFO of Syntec Optics. "This comprehensive apprenticeship program, especially the first-of-its-kind for nanomachining, is a testament to our commitment to excellence and to rebuilding critical manufacturing skills right here in the U.S. We are not just training technicians; we are developing future leaders and innovators who will push the boundaries of what's possible in optics." Matt Carey, VP of Business Development and Delivery, commented, "We are seeing tremendous demand for our Advanced Manufacturing Platform across various new technology frontiers, including Hyperspectral Imaging, Rocket Propulsion, Fusion Energy, Biomedical Vision Correction, and Satellite Ground Network Optics. This new demand complements the growth in our existing markets, like Night Vision Scopes, Aiming Sights for Defense, Artificial Intelligence Data Centers, Photonic Biosensing, and LEO Satellite Optics. This apprenticeship program is a critical strategic investment that directly supports our ability to scale and meet this broad and growing customer demand with a highly skilled workforce." Currently, six apprentices are enrolled across these critical areas. Through the RTMA, and with scholarship contributions from New York State, participants can receive funding for both their education and the tools required for their jobs. The program, which spans 18 months to 4 years, is designed for graduates to receive accreditation from the New York State Education Department. 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. As more products become light-enabled, Syntec Optics continues to add more product lines, including recent 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)

Related News