LightPath Technologies Strengthens Management Team at Shanghai Facility
09 Noviembre 2010 - 7:30AM
Marketwired
LightPath Technologies, Inc. (NASDAQ: LPTH), a global manufacturer,
distributor and integrator of patented optical components and
assemblies, announced today two new management appointments to its
Shanghai, China-based facility LightPath Optical Instrumentation
Company ("LightPath Optical"). Joining LightPath Optical are Frank
Yuan as Quality Assurance Manager, and Joe Wang as Materials
Manager. Both will report to Xueguan Cao, General Manager of
LightPath Optical.
Jim Gaynor, CEO of LightPath Technologies, "By shifting
approximately 95% of our total production to Shanghai, along with
making key process improvements, we have significantly reduced our
costs and increased our gross profit margins for 2010. The
recruitment of a strong leadership team is indicative of the
continued growth we foresee on a global basis. Frank and Joe lend
credibility and expertise to our overseas operations, and can help
us capitalize on the many emerging-growth opportunities within
China and Asia."
Frank Yuan is a certified ISO auditor to ISO9001, ISO14000 and
TS16949 Quality Management Systems. Over the past decade, Frank has
worked with a number of multinationals, assisting them in
manufacturing components and utilizing process control. Frank has a
Bachelor's in Electric Power System and Automation from Yunnan
Industrial University. Joe Wang has spent the past 15 years in
supply chain management, inventory control and customs for
multinational corporations. Joe holds a Bachelor's of Economic
Management from Zhongnan Finance & Economic University.
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.
GRADIUM® is a registered trademark of LightPath Technologies
Contacts: Jim Gaynor CEO LightPath Technologies, Inc.
Phone: +1-407-382-4003 x377 Email: jgaynor@lightpath.com Internet:
www.lightpath.com
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