OpTek Systems celebrates 10 years with third consecutive record year

Abingdon U.K. – OpTek Systems has celebrated the completion of its tenth year of trading with a third consecutive year of record revenues in 2010.

OpTek Systems enjoyed revenue growth in 2008 and 2009 based on increased demand for machine tools used in the manufacturing and testing of PV (photovoltaic) cells in both the USA and Asia. This was augmented in 2010 by a significant uptake in the company’s proprietary and patented LaserCleave™ range of products for processing optical fibers for applications in FTTH (fiber to the home) and AOC (active optical cable) mainly in Asia, but also in Europe and North America. In combination with OpTek’s traditional micromachining operations, these markets have pushed OpTek’s exports to over 80% of OpTek’s turnover.

Technical competence and geographic spread has allowed continued growth and profit through turbulent economic times.

"I am very proud to announce that since its formation in 2000 OpTek has now reported 10 consecutive years of profitable operation, and has expanded its facilities in the UK to include manufacturing sites in USA and Asia," founder and technical director Mike Osborne said. "It is pleasing to see that OpTek is now the vendor of choice for a number of technologies critical to exciting and growing areas such as high-speed data communications and green energy. These form a sound basis for continued growth and expansion of the company."