Precision Optics announced the receipt of an initial product development order for a next-generation urological endoscopy program totaling approximately $1.3M from an established medical device company. The development program will expand Precision Optics’ value-added solutions role from a components supplier to the developer of the entire endoscope imaging system. This opportunity leverages the Company’s unique combination of expertise in micro-optics, medical systems, digital imaging, and system integration. The initial development agreement is expected to be completed over the coming 12 months, with opportunities for future development and commercial production contracts upon successful completion and approval.
Published first on TheFly
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