Nizel Pradhan
Key Takeaways:
- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, has announced the appointment of Wayne Coll as Chief Financial Officer (CFO).
- Coll brings over 30 years of experience as a public company CFO, with a focus on medical device manufacturing companies and strategic M&A activities.
- He replaces Kevin Dahill, who served as Interim CFO for the past five months.
- Coll’s appointment is expected to support Precision Optics’ growth plans and strategic objectives.
About Precision Optics Corporation
Precision Optics Corporation is a vertically integrated optics company that designs and manufactures advanced optical instruments for the medical and defense/aerospace industries. Founded in 1982, the company leverages its proprietary micro-optics and 3D imaging technologies to provide services ranging from new product concept to mass manufacture. Precision Optics has in-house design, prototype, regulatory, and fabrication capabilities, as well as expertise in electronic imaging and global sourcing through its divisions, Lighthouse Imaging and Ross Optical.
Appointment of Wayne Coll as CFO
Precision Optics has appointed Wayne Coll as the Chief Financial Officer, effective immediately. Coll brings more than 30 years of experience in finance, including extensive experience as a public company CFO in the medical device manufacturing industry. His previous roles include CFO positions at National Dentex Corporation and Micron Solutions, as well as various finance roles at other companies such as Flowonix Medical Incorporated, Keystone Dental, Modern Dental Laboratory USA, and Pluromed.
Dr. Joe Forkey, CEO of Precision Optics, expressed his confidence in Coll’s leadership, highlighting his results-oriented approach, strategic mindset, and experience in driving business growth and executing strategic M&A activities. Forkey believes Coll’s expertise will be instrumental as Precision Optics enters a new phase of growth and maturity.
Coll’s appointment follows the interim CFO role served by Kevin Dahill. The company expressed its gratitude to Dahill for his service and noted that his interim role allowed them to find the ideal candidate in Coll to fill the CFO position long term.
Wayne Coll expressed his enthusiasm about joining Precision Optics at this exciting time in the company’s history. Given his experience with significant revenue growth and M&A activities, he looks forward to contributing to the company’s strategic growth plans.
About Precision Optics Corporation
Precision Optics Corporation, founded in 1982, is a vertically integrated optics company focused on leveraging its proprietary micro-optics and 3D imaging technologies for the healthcare and defense/aerospace industries. The company offers a comprehensive range of services from new product concept to mass manufacture. Precision Optics’ capabilities in design, prototype development, regulation compliance, fabrication, and sourcing through its divisions Lighthouse Imaging and Ross Optical enable it to provide next-generation product solutions to meet demanding customer requirements. In the healthcare sector, Precision Optics supports next-generation medical device companies worldwide by providing enhanced and smaller imaging systems for minimally invasive surgery and 3D endoscopy systems to support surgical robotic systems. The company also supplies a variety of optical products to top-tier medical device companies, including complex endocouplers and specialized endoscopes. In the defense and aerospace sector, Precision Optics leverages its expertise in micro-optics to meet the highest quality standards and optimize size, weight, and power for advanced applications.
For more information about Precision Optics Corporation, please visit www.poci.com.
