LightPath Technologies Develops Additional Direct-to-China Sales Channels
24 Marzo 2011 - 7:00AM
Marketwired
LightPath Technologies, Inc. (NASDAQ: LPTH), a global manufacturer,
distributor and integrator of optical components and assemblies,
announced today that it has continued the expansion of its direct
selling channels in China as part of its strategy to deliver high
volumes of aspheric lenses and laser delivery systems to Asian
manufacturers of optical equipment. Based on the adoption rate of
aspheric lenses in multiple market segments in China, the market
for aspheric lenses in Asia is expected to top $280 Million by the
end of 2011. LightPath's molded aspheric lenses provide cost
savings over traditional high volume spherical doublet and triplet
lenses without sacrificing performance.
The Company has signed two new distributors to create
comprehensive market coverage in China. LIENHE Corp
(www.lienhe.com.cn) and ETSC (www.etsc-tech.com). Both of these
distributors are based in China and provide LightPath with new,
valuable selling channels into specific targeted market segments
that capitalize on increased demand from Chinese manufacturers. The
addition of these two distributors extends the company's sales
channels in China to six distributors covering several different
market segments and complements our direct sales force.
Jim Gaynor, CEO of LightPath, commented, "LightPath continues to
successfully execute a growth strategy that addresses specific high
volume target markets in Asia, Europe and the Americas. Our
agreements with LIENHE and ETSC give LightPath significantly
expanded exposure throughout China in the telecommunications and
fiber optic markets. 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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