Precision Optics Announces Sale of Thin Film Products Optometrics Corporation

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.