The parent company of Orion and Meade telescope manufacturers has shut its California offices. Stay tuned for updates. Rumors are swirling after two former giants in the astronomy industry closed their doors earlier this week. Optronic Technologies, Inc., better known to backyard astronomers as the parent company of both Orion Telescopes & Binoculars, and Meade Instruments, has shut its offices and storefront in Watsonville, California.