GARDNER,
Mass, June 12, 2023 /PRNewswire/ -- Precision
Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and
manufacturer of advanced optical instruments for the medical and
defense industries, today announced the appointment of Wayne Coll as Chief Financial Officer (CFO),
effective June 12, 2023. With a
career spanning more than 30 years, Coll is an experienced public
company CFO, including experience at publicly-held National Dentex
Corporation and Micron Solutions, and privately-held Flowonix
Medical Incorporated, Keystone Dental, Modern Dental Laboratory
USA and Pluromed. Coll replaces
Interim CFO Kevin Dahill.
"Wayne is a results oriented leader and strategic minded
executive who will help us efficiently plan and lead the growth of
our business," said Dr. Joe Forkey,
CEO of Precision Optics. "Wayne has more than thirty years of
experience driving business models of medical device manufacturing
companies, executing strategic M&A activities and managing
access to capital markets. I believe Wayne will be a strong
addition to the Precision Optics executive team as we enter a new
phase of growth and maturity."
Forkey added, "I'd like to thank Kevin for serving as CFO during
the last five months. His willingness to take on this interim
role for as long as required for us to find the right permanent
replacement allowed us to find the ideal candidate in Wayne to fill
this role long term."
Coll joins Precision Optics most recently from Flowonix Medical
Incorporated where he served as CFO since July 2021. Prior to Flowonix, he was CFO at
Micron Solutions, a publicly traded medical devices and contract
manufacturer from July 2019 to
July 2021; Keystone Dental, a
provider of dental implants from October
2018 to May 2019; Modern
Dental Laboratory USA, a division
of Modern Dental Group LTD from October
2013 to September 2018;
Pluromed, a medical device company acquired by Genzyme/Sanofi, from
November 2011 to September 2013; and National Dentex Corporation,
a publicly traded dental laboratory where he spent nearly 20 years
in a variety of finance roles including the last 4 years as CFO.
Coll has a BS, BA in accounting from University of Lowell, with an MBA from University of Massachusetts – Lowell.
"I am glad to be joining Precision Optics at this exciting time
in the company's history. With experience working in companies
during times of significant internal revenue growth and M&A
activities, I look forward to lending my experience to the team as
we execute against the company's strategic growth plans," Coll
commented.
About Precision Optics Corporation
Founded in 1982,
Precision Optics is a vertically integrated optics company
primarily focused on leveraging its proprietary micro-optics and 3D
imaging technologies to the healthcare and defense/aerospace
industries by providing services ranging from new product concept
through mass manufacture. Utilizing its leading-edge in-house
design, prototype, regulatory and fabrication capabilities as well
as its Lighthouse Imaging division's electronic imaging expertise
and its Ross Optical division's high volume world-wide sourcing,
inspecting and production resources, the Company is able to design
and manufacture next-generation product solutions to the most
challenging customer requirements. Within healthcare, Precision
Optics enables next generation medical device companies around the
world to meet the increasing demands of the surgical community who
require more enhanced and smaller imaging systems for minimally
invasive surgery as well as 3D endoscopy systems to support the
rapid proliferation of surgical robotic systems. In addition to
these next generation applications, Precision Optics has supplied
top tier medical device companies a wide variety of optical
products for decades, including complex endocouplers and
specialized endoscopes. The Company is also leveraging its
technical proficiency in micro-optics to enable leading edge
defense/aerospace applications which require the highest quality
standards and the optimization of size, weight and power. For more
information, please visit www.poci.com.
About Forward-Looking Statements
This press release
contains forward-looking statements. Forward-looking statements
include, but are not limited to, statements which express the
Company's intentions, beliefs, expectations, strategies,
predictions or any other statements related to the Company's future
activities or future events or conditions. These statements are
based on current expectations, estimates and projections about the
Company's business based, in part, on assumptions made by the
Company's management. These statements are not guarantees of future
performances and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results
may differ materially from what is expressed or forecasted in the
forward-looking statements due to numerous factors, including those
risks discussed in the Company's annual report on Form 10-K and in
other documents we file from time to time with the SEC. Any
forward-looking statements speak only as of the date on which they
are made, and the Company does not undertake any obligation to
update any forward-looking statement, except as required by
law.
Company Contact:
PRECISION OPTICS CORPORATION
22 East Broadway
Gardner, Massachusetts
01440-3338
Telephone: 978-630-1800
Investor Contact:
LYTHAM PARTNERS, LLC
Robert Blum
Telephone: 602-889-9700
poci@lythampartners.com
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SOURCE Precision Optics Corporation