Navitar Completes Deal to Acquire Hyperion Development/AMF Optics

Executive Appointments Announced,

Diamond Turning Capabilities and ITAR Facility Gained

 Rochester, New York – April 11, 2016Navitar Industries, LLC, an affiliated company of Navitar, Inc., announced today the purchase of Hyperion Development/AMF Optics has been completed.  With this acquisition, Navitar expands its product offerings, optical and mechanical design services, manufacturing capabilities and production capacity.

Hyperion Development/AMF Optics co-founders, Michael Thomas and Russ Hudyma, both graduates of the Institute of Optics at the University of Rochester, have joined the Navitar leadership team. Michael Thomas will now serve as President of the Navitar family of companies, and Russ Hudyma has been appointed Chief Technical Officer.

“The success of Hyperion Development was achieved through our commitment to excellence, strong partner relationships and tirelessly working to meet customer’s needs – all core values shared by Navitar”, Michael Thomas remarks. “We are eager to join and lead the Navitar team, drive technological innovation and continue to make a lasting contribution to customers.”

AMF Optics, based in Woburn, MA is Navitar’s first ITAR registered and ISO 9000 certified facility. AMF provides high quality traditional diamond turned optical components and infrared lens assemblies. Specializing in mold insert polishing and high quality metal mirrors for the medical, R&D, and entertainment industries, AMF Optics, A Navitar Company, will continue to operate in Woburn and all personnel will be maintained.

 Jeremy Goldstein, co-owner and CEO of Navitar comments, “With this acquisition, Navitar’s capabilities and repertoire of optical solutions far surpasses that of many of our competitors.” Product offerings include OEM imaging lenses, ultra-precision microscope objectives, custom projection lenses, cine prime lenses, laser scanning lenses, and UV/VIS/IR lens assemblies.