IRVINE, CA – Medical manufacturing company Ocutrx Technologies has announced the acquisition of Spectrum Advanced Manufacturing Technologies, a Colorado-based electronics manufacturing and assembly company.

With the acquisition, the consolidated Ocutrx_Spectrum company now has seven process lines, including ISO Optics Lab capabilities, to serve medical, commercial and government entities. Spectrum is known for providing Hi-Rel hardware and New Product Introduction (NPI) support to its customer base along the Colorado Front Range with a history of more than 25 years for many defense, NASA and commercial space flight programs. The company also provides microelectronics, wiring and harnessing, and assembly for many Fortune 500 DOD and aerospace contractors.

Ocutrx said the acquisition will fuel its efforts to repatriate its supply chain and leverage Spectrum’s infrastructure to produce devices like the OcuLenzTM AR/XR medical headsets, in compliance with FDA standards on US soil. The company will also work with Spectrum’s Fortune 500 clients like Lockheed-Martin, Raytheon, Honeywell, Northrop Grumman, Honeybee Robotics, Barber-Nichols, and NASA, to enable growth opportunities in new non-medical verticals including the aerospace, robotics, 5G, 5G-MEC, automotive, gaming and AR/XR defense markets.

“The acquisition of a revenue positive, EBITDA positive company which can build our OR-Bot 3D Surgery Visualization Theatres and AR headsets in compliance with FDA, CE and MDR standards is a huge milestone for us in controlling our growth and in healthcare generally. It is also a quantum leap to bring new 3D visualization and AI tools for surgeons in the operating room.” Ocutrx CEO Michael A. H. Freeman said, “And, the fact that the DOD and Fortune 500 companies are looking more and more for AR/XR and AI solutions creates a unique opportunity out of this business combination integration.”

Spectrum founder and CEO Jeff Riggs is staying on as a minority partner with Ocutrx and will remain CEO of Spectrum for several years to permit Ocutrx and Spectrum to fully integrate.

“The complementary talents of Ocutrx and Spectrum AMT will allow for a streamlined and integrated new product development cycle for Ocutrx to get quality products to market faster and more efficiently,” he said, “Spectrum AMT leadership and employees remain committed to our core competency of providing agile manufacturing support to our valued customers.”