Precision Optics Corporation, Inc. announced the receipt of an initial product development order for a next generation single-use urology program totaling approximately $750,000 from an established medical device company leveraging the Company's unique expertise in micro-optics, medical systems, and digital imaging. This marks the second high volume, single-use program in the Company's development pipeline to move beyond the proof-
of-concept phase as Precision Optics expands its focus on this rapidly growing segment of the medical device market. The program also marks the first product development program in which the engineering teams from Precision Optics and the recently acquired Lighthouse Imaging combined to bring their respective optical and electronics expertise to advance a next generation program. The development program is expected to continue for one to two years, with production orders expected upon successful validation.