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Precision Optics

NASDAQ: POCI

Gardner, US · Massachusetts corporation

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The company designs and manufactures CMOS endoscopes, micro-optics, prisms, and lens assemblies for minimally invasive medical procedures, with components as small as 0.6 mm endoscopes and 0.37 mm custom lenses. It offers custom design and build services for imaging and illumination applications using CMOS, fiber bundle, or rod lens technologies.

Deep TechHardwareHealthtechMedical Devices

Founders & leadership

RE
Richard E. ForkeyFounder
JP
Jack P. DreimillerSenior Vice President, Chief Financial Officer
JN
Joseph Norman ForkeyChief Executive Officer, President, Treasurer

Board

PH
Peter H. WoodwardChairman
DA
Donald Andrew MajorBoard director
RB
Richard B. MilesBoard director
JR
Joel R. PitlorBoard director
KS
Kenneth S. SchwartzBoard director
KS
Kenneth S. Schwartz, MDAppointed July 9, 2014.

Reported raises · per SEC filings

Form D private placements

$8.5M disclosed across 8 rounds · 2014–2023

▶$2.5MraisedJun 2023 · 8 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Peter H. WoodwardDirector
  • Mahesh LawandeExecutive Officer
  • Peter V. AnaniaDirector
  • Richard B. MilesDirector
  • Wayne M. CollExecutive Officer
  • Joseph Norman ForkeyExecutive Officer, Director
  • Andrew J. MiclotDirector
Offering amount
$2.5M
Amount sold
$2.5M
Sales commissions
$176.4K
Placement agents
Alliance Global Partners
First sale
Jun 2023
Incorporated
Corporation, Massachusetts
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$250KraisedMay 2020 · 5 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • JOSEPH NORMAN FORKEYExecutive Officer, Director
  • Andrew J. MiclotDirector
  • Daniel S HabheggerExecutive Officer
  • Richard B. MilesDirector
  • Peter H. WoodwardDirector
Offering amount
$250K
Amount sold
$250K
First sale
Apr 2020
Incorporated
Corporation, Massachusetts
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$950KraisedJul 2019 · 9 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • JOSEPH NORMAN FORKEYExecutive Officer, Director
  • Donald Andrew MajorExecutive Officer
  • Richard B. MilesDirector
  • Peter H. WoodwardDirector
  • Andrew J. MiclotDirector
Offering amount
$950K
Amount sold
$950K
First sale
Jul 2019
Incorporated
Corporation, Massachusetts
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedOct 2018 · 5 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • DONALD ANDREW MAJORExecutive Officer
  • KENNETH S. SCHWARTZDirector
  • ANDREW J. MICLOTDirector
  • JOSEPH NORMAN FORKEYExecutive Officer, Director
  • RICHARD B. MILESDirector
  • PETER H. WOODWARDDirector
Offering amount
$2M
Amount sold
$2M
First sale
Oct 2018
Incorporated
Corporation, Massachusetts
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$250KraisedAug 2017 · 3 investors · Other Health Care
Rule 506(c)
Officers, directors & promoters on the filing
  • Andrew J. MiclotDirector
  • Richard B. MilesDirector
  • Peter H. WoodwardDirector
  • Kenneth S. SchwartzDirector
  • Donald Andrew MajorExecutive Officer
  • Joseph Norman ForkeyExecutive Officer, Director
Offering amount
$250K
Amount sold
$250K
Proceeds to insiders
$250K
First sale
Aug 2017
Incorporated
Corporation, Massachusetts
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$800KraisedDec 2016 · 7 investors · Other Health Care
Rule 506(c)
Officers, directors & promoters on the filing
  • Andrew J. MiclotDirector
  • Peter H. WoodwardDirector
  • Richard B. MilesDirector
  • Donald Andrew MajorExecutive Officer
  • Kenneth S. SchwartzDirector
  • Joseph Norman ForkeyExecutive Officer, Director
Offering amount
$800K
Amount sold
$800K
Proceeds to insiders
$800K
First sale
Nov 2016
Incorporated
Corporation, Massachusetts
Federal exemptions
06c
Full filing on SEC EDGAR ↗
▶$700KraisedNov 2015 · 10 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Donald Andrew MajorDirector
  • Richard B. MilesDirector
  • Jack P. DreimillerExecutive Officer
  • Joel R. PitlorDirector
  • Peter H. WoodwardDirector
  • Joseph Norman ForkeyExecutive Officer, Director
  • Kenneth S. SchwartzDirector
Offering amount
$700K
Amount sold
$700K
Proceeds to insiders
$700K
First sale
Oct 2015
Incorporated
Corporation, Massachusetts
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1MraisedJul 2014 · 8 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Joseph Norman ForkeyExecutive Officer
  • Kenneth S. Schwartz, MDDirector
  • Peter H. WoodwardDirector
  • Joel R. PitlorDirector
  • Donald Andrew MajorDirector
  • Richard B. MilesDirector
  • Jack P. DreimillerExecutive Officer
  • Richard E. ForkeyDirector
Offering amount
$1M
Amount sold
$1M
Minimum investment
$10K
Proceeds to insiders
$1M
First sale
Jul 2014
Incorporated
Corporation, Massachusetts
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Precision Optics to Participate in the Lytham Partners 2026 Consumer & Technology Investor Summit on August 18, 2026 | The Manila Timesmanilatimes.net · Aug 2026Precision Optics Corporation, Inc. Raises $2 million in Private Placementglobenewswire.com · Oct 2018

Frequently asked questions

What does Precision Optics do?
The company designs and manufactures CMOS endoscopes, micro-optics, prisms, and lens assemblies for minimally invasive medical procedures, with components as small as 0.6 mm endoscopes and 0.37 mm custom lenses. It offers custom design and build services for imaging and illumination applications using CMOS, fiber bundle, or rod lens technologies.
Who founded Precision Optics?
Precision Optics was founded by Richard E. Forkey.
How much funding has Precision Optics raised?
Precision Optics has disclosed $8.5M raised across 8 rounds.
Where is Precision Optics headquartered?
Precision Optics is headquartered in Gardner, US.