LightPath Technologies Expands Laser Tools Market Opportunity |
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LightPath Technologies, Inc.
2603 Challenger Tech Court, Suite 100
Orlando, FL, 32826
USA
Press release date: November 15, 2010
--Introduces Two New Lenses and Value-added Services to Asian Market--
Orlando, FL - LightPath Technologies, Inc. (Nasdaq: LPTH), a global manufacturer, distributor and integrator of patented optical components and assemblies, has significantly increased its strategic laser tool market and optimized sales to Asia, through the addition of two new lenses to its aspheric laser tool lens catalog. Additionally, the Company has increased its core competencies with new value-added services, including lens shaping, edging, and blackened rims.
LightPath's value-added services for lenses provide assembly options, as well as new form factor options, which help its customers reduce costs for mounting and alignment of optical systems. The first new lens, 354064, is a high-performance, low-cost laser tool lens that can cost effectively replace spherical doublet lenses with the same performance as spherical triplet lenses. The second new lens, 354306, directly targets competitive lenses in existing designs.
"These new lenses and value-added services strengthen our capabilities to better address specific customer requirements and enhance our existing relationships. We are targeting Asian manufacturers that use high-volume optics in laser markets. With our new and improved products and services, LightPath has the potential to expand our available market for laser tools by as much as three times," said Jim Gaynor, CEO and President of LightPath.
About LightPath Technologies
LightPath manufactures optical products including precision molded aspheric optics, GRADIUM® glass products, proprietary collimator assemblies, laser components utilizing proprietary automation technology, higher-level assemblies and packing solutions. The Company's products are used in various markets, including industrial, medical, defense, test & measurement and telecommunications. LightPath has a strong patent portfolio that has been granted or licensed within these fields. For more information, visit http://www.lightpath.com/.
GRADIUM® is a registered trademark of LightPath Technologies
Contact: Ray Pini, Director of Marketing
LightPath Technologies, Inc.
Phone: (407) 382-4003 x336
Email: rpini@lightpath.com
Internet: http://www.lightpath.com/
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