LightPath Technologies Enters into a Supply Agreement with a Major Infrared Camera Manufacturer
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--Expands Production of LightPath's Molded Infrared Optical Assemblies--
Orlando, FL: LightPath Technologies, Inc. (NASDAQ: LPTH), a global manufacturer, distributor and integrator of patented optical components and assemblies, announced today that it has entered into a supply agreement with a leading manufacturer of commercial and industrial vision systems, including infrared cameras used in the military, government, commercial and industrial sectors. This supply agreement is an extension of an existing business relationship between the companies.
"This expanded relationship solidifies the importance and growing market adoption of our molded infrared optical assemblies by industry leading manufacturers. By using glass molding, we are able to reduce overall system cost and increase production volumes for many products, including infrared optics and thermal imaging cameras," said Jim Gaynor, CEO of LightPath Technologies, Inc. "Worldwide, the infrared market is valued at several billions of dollars. Our strategic supply agreement enables us to capitalize on significant sales opportunities in the thermal imaging and thermography markets."
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 in these fields. For more information, visit http://www.lightpath.com/.
Contact
Ray Pini, Director of Marketing
LightPath Technologies, Inc.
Phone: +1-407-382-4003 x336
Email: rpini@lightpath.com
Web: http://www.lightpath.com/
