Scott Faris Joins the Board of LightPath Technologies
27 Diciembre 2011 - 7:30AM
Marketwired
LightPath Technologies, Inc. (NASDAQ: LPTH) (the "Company,"
"LightPath" or "we"), a global manufacturer, distributor and
integrator of patented optical components and high-level
assemblies, is pleased to announce the election of M. Scott Faris
to its Board of Directors as a Class II member. Mr. Faris will
serve for the remainder of the Class II term, which expires on the
date of the Company's 2013 Annual Meeting of Stockholders. Mr.
Faris qualifies as an independent director.
"As LightPath continues its focus on growth and development of
new business opportunities, we are delighted to have Mr. Faris join
our Board of Directors. Scott brings relevant executive and growth
management experience to LightPath's business activities,"
commented Mr. Robert Ripp, Chairman of the Company's Board of
Directors. Mr. Ripp continued, "Mr. Faris's election to the Board
of Directors is effective as of December 23, 2011. He was also
appointed as a member of the Audit committee. I take this
opportunity to welcome Scott to the board and I look forward to
working with him over the coming years."
Mr. Faris is an experienced entrepreneur with almost two decades
of operating, venture-financing and commercialization experience,
involving more than 20 start-up and emerging-growth technology
companies. Mr. Faris currently is the founder and CEO of Planar
Energy, a company that is developing transformational ceramic solid
state battery technology. Planar Energy is a spin-out of the U.S.
Department of Energy's National Renewable Energy Laboratory.
Mr. Faris previously was chairman and CEO of Waveguide
Solutions, a developer of planar optical lightwave circuit and
microsystem products that was a spin-out of the University of North
Carolina, Charlotte. He also was a founding director and COO of
Ocean Optics, a precision-optical-component and
fiber-optic-instrument spin-out of the University of South Florida
with a proprietary technology to pattern thin-film filters. Mr.
Faris was previously a partner with Corporate IP Ventures (formerly
MetaTech Ventures), an early-stage venture fund that commercialized
defense technologies, and was the founder and CEO of Enterprise
Corporation, a technology accelerator that raised more than $50
million in capital for new and existing technology firms through a
private investment forum. Mr. Faris also has served as Director of
the Florida Seed Capital Fund and as Director of Technology
Commercialization at the Center for Microelectronics Research. Mr.
Faris's extensive experience with the commercialization of
technology, background in optical technology, venture capital and
management experience qualifies him for service as a director of
our Company.
Mr. Faris is actively involved in Florida's technology community
and currently is an officer and director of the Metro Orlando
Economic Development Commission. Mr. Faris is a member of the board
of directors of Orlando, Inc. and Florida High Technology Council,
as well as a founder and a director of the Central Florida
Technology Forum and the Florida Idea Grant Fund.
"LightPath is a unique company that has a variety of solutions
for a broad range of optical applications," said Mr. Faris. "I am
thoroughly impressed by LightPath's technology and seasoned
management team, and I look forward to working with the
Company."
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 to it in 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,
including statements regarding our ability to expand our presence
in certain markets, future sales growth, continuing reductions in
cash usage and implementation of new distribution channels. 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.
Contacts: Jim Gaynor President & CEO LightPath Technologies,
Inc. (407) 382-4003 Internet: http://www.lightpath.com
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