OPTICS 1 Inc. wins $25 million Navy contract for advanced technology

SEPTEMBER 11--OPTICS 1 Inc. (Westlake Village, CA;www.optics1.com) has been awarded a contract by the Naval Air Warfare Center (Lakehurst, NJ) worth $25 million over five years to develop a new imaging optical system called AMOSS (Advanced Multi-spectral Optical Surveillance System). The first unit will be delivered to the Navy in March 2003 at a cost of $4.8 million. The Indefinite Delivery, Indefinite Quantity structure of the Phase III Small Business Innovation Research (SBIR) contract also allows other government agencies to order similar technologies directly from OPTICS 1.

Said Robert E. Fischer, president and founder of OPTICS 1, "Under previous phases of this development program, our firm designed and prototyped a next-generation multispectral imaging device. Winning this contract for delivery of further systems is a significant step forward in our continuing evolution into a supplier of precision optical systems."