LightPath Technologies Signs Militram as Our Exclusive Sales Representative for Israel
19 Mayo 2011 - 7:30AM
Marketwired
LightPath Technologies, Inc. (NASDAQ: LPTH), a global manufacturer,
distributor and integrator of patented optical components and
assemblies, announced today that LightPath and Militram
Incorporated have signed a contract designating Militram as our
exclusive sales representative throughout Israel effective in June
2011.
LightPath is a major vendor of standard and custom molded optics
for visible and infrared applications. Militram is Israel's largest
electro-optics sales organization with branches throughout Israel.
Much of the commercial and military activity in Israel in custom
and molded optics has been initiated by Militram's market
development and sales team.
Jim Gaynor, President & CEO for LightPath, commented,
"LightPath continues to strengthen our global channels to our
markets. As a key market for our optics, and in particular our
infrared product line, we are looking to significantly increase
sales in the Israeli defense and commercial markets. Militram is
the ideal partner to help us achieve this goal and we are pleased
and quite excited to have this relationship with Militram in
Israel."
Militram is arranging for a major seminar of Molding Optics in
Israel that will highlight LightPath's optics expertise and broad
line of standard and custom products.
About Militram Corporation Militram is a
$197 million sales company in Israel and has Electronics, Computer
& Electro-optics divisions. It has the client base and know-how
that will allow efficient marketing for LightPath and brings to the
table numerous high profile projects with the industrial and
military markets in Israel.
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. LightPath has a
strong patent portfolio that have been granted or licensed to us in
these fields. LightPath's common stock trades on the NASDAQ Capital
Market under the stock symbol LPTH. 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
Contacts: Militram Corporation: Motti Jacobson Militram
Director Electro Optics Division Phone: +972-9-958-1860 Email:
Mottij@militram.com LightPath Technologies Ray Pini Director of
Marketing LightPath Technologies, Inc. Phone: +1-407-382-4003 x336
Email: rpini@lightpath.com Internet: www.lightpath.com
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