LightPath Technologies Enters Into Supply Agreement With a Major Infrared Camera Manufacturer
02 Noviembre 2010 - 6:30AM
Marketwired
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 www.lightpath.com.
This news release includes statements that constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
This information may involve risks and uncertainties that could
cause actual results to differ materially from such forward-looking
statements. Factors that could cause or contribute to such
differences include, but are not limited to, factors detailed by
LightPath Technologies, Inc. in its public filings with the
Securities and Exchange Commission. Except as required under the
federal securities laws and the rules and regulations of the
Securities and Exchange Commission, we do not have any intention or
obligation to update publicly any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Contact: Ray Pini Director of Marketing LightPath Technologies,
Inc. Phone: +1-407-382-4003 x336 Email: rpini@lightpath.com Web:
www.lightpath.com
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