Optex Systems acquires Speedtracker Mach product line for $1M cash plus milestone payments

Optex Systems Holdings Inc

Acquired Speedtracker Mach IP and marketing info from RUB for $1M upfront, with potential milestone payments.
RUB will continue manufacturing Speedtracker Mach under a one-year contract manufacturing agreement, renewable annually.
Speedtracker is a radar-based chronograph for projectile speed detection; launched Aug 2022, thousands of units in field.
CEO Schoening sees Speedtracker as a game-changer for shooter accuracy, expects enhanced distribution and growth.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Optex Systems Holdings Inc entered into Asset Purchase Agreement with RUB Aluminium s.r.o. valued at $1 million cash at closing, with potential additional milestone payments (effective 2024-01-18).

Action: entry
Agreement: asset purchase
Counterparty: RUB Aluminium s.r.o.
Value: $1 million cash at closing, with potential additional milestone payments
Effective: 2024-01-18

Exact text from the filing

On January 18, 2024, Optex Systems Holdings, Inc., through its wholly-owned subsidiary Optex Systems, Inc. (collectively, the “Company”), entered into an asset purchase agreement and a contract manufacturing agreement with RUB Aluminium s.r.o. (“RUB”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Optex Systems Holdings Inc entered into Contract Manufacturing Agreement with RUB Aluminium s.r.o. valued at Initial one-year term, subject to mutual renewal; RUB to manufacture Speedtracker Mach products on b (effective 2024-01-18).

Action: entry
Agreement: supply
Counterparty: RUB Aluminium s.r.o.
Value: Initial one-year term, subject to mutual renewal; RUB to manufacture Speedtracker Mach products on b
Effective: 2024-01-18

Exact text from the filing

On January 18, 2024, Optex Systems Holdings, Inc., through its wholly-owned subsidiary Optex Systems, Inc. (collectively, the “Company”), entered into an asset purchase agreement and a contract manufacturing agreement with RUB Aluminium s.r.o. (“RUB”).

View on SEC.gov

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Optex Systems Holdings Inc filing history →

Source: SEC EDGAR

accession 0001493152-24-003550

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