Official Statement on Tariffs from Our Chief Commercial Officer
Orlando, Florida
June 30, 2025
Dear Valued Customers,
We appreciate your continued support and trust in Ocean Optics. We are committed to providing regular updates on this matter and its impact on our customers.
We have reviewed our position regarding these tariff charges and evaluated the effectiveness of our mitigation efforts in relation to actual costs. By consistently monitoring our strategies, we can implement necessary adjustments to ensure that we continue to meet your requirements and maintain the high standards expected from Ocean Optics. Below is our updated stance.
Effective 1 July 2025
Our Strategy:
- Maintaining Customer Pricing: We understand the importance of stable pricing for our customers. Despite the new tariffs, we are dedicated to maintaining competitive pricing for our products.
- Tariff Charges: We are mitigating the impact of extra costs by optimizing supply chains and leveraging our global production capabilities. Our approach includes maintaining our pricing and adding a separate line charge to share the incremental cost of import tariffs when these charges go above the levels in place prior to April 2025.
- Optimizing Supply Chain: We are working closely with our suppliers to optimize our supply chain and minimize cost impact. This includes negotiating better terms and exploring alternative sources for raw materials.
- Diversified Manufacturing Locations: We have strategically placed our manufacturing facilities in various regions to balance production outputs and mitigate risks, ensuring a stable supply chain.
- Customer Support: Our customer support team is available to assist you with any questions or concerns you may have regarding these changes.
We believe these measures will address the challenges of new tariff regulations. We are dedicated to sustaining and expanding our global presence, which will enhance our service in the region and support our growth strategy.
If you have any specific questions or would like further clarification, please reach out to your sales contact directly.
Best regards,
Wallace Latimer
Chief Commercial Officer
Ocean Optics