LightPath Technologies Enhances Direct-to-China Sales Channels
17 Noviembre 2010 - 7:30AM
Marketwired
LightPath Technologies, Inc. (NASDAQ: LPTH), a global manufacturer,
distributor and integrator of patented optical components and
assemblies, announced today that it has expanded its direct selling
channels in China as part of its strategy to deliver high volumes
of aspheric lenses to Asian manufacturers of optical equipment.
LightPath Optical Instrumentation Co., Ltd., the Company's
wholly-owned Shanghai-based subsidiary, has added an experienced
sales engineer to its staff. In addition, the Company has signed
two new distributors to create more comprehensive market coverage
in China. Daheng New Epoch Technology (www.dhxjy.com.cn) and Diqin
Tech Science and Technology (www.diqintech.com), both based in
China, provide LightPath with new, valuable selling channels to
capitalize on increased demand from Chinese manufacturers.
Jim Gaynor, CEO of LightPath, commented, "LightPath continues to
successfully execute a growth strategy that addresses high volume
markets in Asia, Europe and the Americas. Our agreements with Diqin
Tech Science and Technology and Daheng New Epoch Technology give
LightPath significantly expanded exposure throughout China. When
combined with our recently expanded distribution agreement with AMS
Technologies in Europe, and WPG in the Americas and South Asia,
LightPath has dramatically broadened our sales channels around the
world."
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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