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Precision Optics Announces Partnership to Expand Business with $5.1 Million in Financing

Feb 24, 2025•over 1 year ago

Contract Type

partnership

GardnerManufacturingBiotechnologyHealthcareHealth CareMedical Device

Description

Precision Optics Corporation, Inc. announced the closing of a registered direct offering of common stock, resulting in gross proceeds of approximately $5.1 million. The company intends to use the net proceeds from the offering to repay certain indebtedness, expand its facilities to support expected growth, and related general working capital purposes.

Company Information

Company

Precision Optics Corporation

Location

Gardner, Massachusetts, United States

About

Precision Optics Corporation has been a developer and manufacturer of advanced optical instruments since 1982. We design and produce high-quality medical instruments, micro‑optics and assemblies with sizes less than 1 millimeter, and other advanced optical systems. Our medical instrumentation line includes rigid laparoscopes, arthroscopes, sinuscopes, and a line of world-class 3-D endoscopes. We also design and build flexible fiber scopes with diameters as small as 5 microns with illumination for use in minimally invasive surgical procedures. We have a complete line of endocouplers with focal ranges from 20mm - 45mm and a parfocal zoom coupler with focal ranges from 20mm-37mm. We are registered to the ISO 9001:2008, ISO 13485:2003, CMDCAS Quality Standards, and comply with the FDA Good Manufacturing Practices and the European Union Medical Device Directive for CE marking of our medical products.

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