Optex Systems Holdings, Inc. completed the acquisition of the Speedtracker Mach product line on January 18, 2024. This strategic move involved a cash payment of $1 million and included intellectual property and technical information related to firearm projectile speed detection, measuring, and tracking.
The acquisition represents an opportunistic entry into the commercial long-range shooting market, aiming to diversify the company's customer base beyond its core military applications. Optex Systems plans to move manufacturing operations for the Speedtracker Mach products in-house, leveraging its existing production capabilities.
While the product launch experienced delays, it commenced in April 2025, with plans to reach full production levels over the subsequent six months. This initiative is expected to contribute to future revenue streams and broaden the company's market reach.
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