LightPath Technologies Expands Laser Tools Market Opportunity
15 Noviembre 2010 - 7:30AM
Marketwired
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
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.
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: www.lightpath.com
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