ORLANDO, Fla., May 15, 2012 /PRNewswire/ -- LightPath
Technologies, Inc. (NASDAQ: LPTH) ("LightPath", the "Company" or
"we"), a global manufacturer, distributor and integrator of
patented optical components and high-level assemblies, announced
today that it has engaged Hayden IR, a respected national investor
relations firm, to develop and implement a strategic investor
relations program to raise its visibility and strengthen its
relationships with the investment community.
(Logo: http://photos.prnewswire.com/prnh/20120202/FL45310LOGO)
Jim Gaynor, President and Chief
Executive Officer of LightPath, commented, "LightPath is at an
exciting inflection point, and we believe the timing is appropriate
to increase investor awareness and discuss our opportunities with
new investors. The technology and manufacturing expertise we've
developed has given us an exciting platform for growth for our core
precision-molded optics business as well as a compelling,
incremental opportunity in the infrared space. With precision
molded optics generating double-digit annual growth at the top-line
and now approaching profitability and favorable economies of scale,
the explosive growth we see ahead in our new infrared offerings
have the potential to approximately double our business in the next
three years. With this transformation underway, we felt this was an
appropriate time to engage Hayden IR to help us articulate our new
value proposition to potential investors."
With offices in New York,
Phoenix, Minneapolis and Seattle, Hayden IR provides a comprehensive
range of investor relations services to a growing list of clients.
For more than a decade, Hayden IR has been a recognized leader in
driving market recognition and creating sustainable competitive
advantages for more than 200 micro- and small-cap companies. Hayden
delivers expertise and professionalism in such areas as investor
management, relationship building, awareness campaigns, online
presence and corporate identity.
Peter Seltzberg, Regional VP in
Hayden IR's New York City office,
added, "LightPath has an exciting technology platform that is
well-positioned for growth through layering opportunities in the
infrared space atop their sustainable precision-molded optics
business, all with minimal incremental expenses. The previously
announced major infrared development contract with Raytheon Vision
Systems is a significant step forward for LightPath and underscores
the appeal of the company's new infrared products and optics
solutions. The team at Hayden IR believes that the company appears
to be on track to offer attractive returns to investors who seek to
participate in the proliferation of emerging technologies and the
dynamics of an attractive, large market opportunity. We look
forward to introducing LightPath to all the key audiences within
the investment community."
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 and 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.
Forward-Looking Statements
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:
LightPath Technologies, Inc.
Jim Gaynor
President & CEO
Or
Dorothy Cipolla, CFO
+1 (407) 382-4003
INVESTOR INQUIRIES:
Hayden IR
Peter Seltzberg, Regional Vice
President
646-415-8972
peter@haydenir.com
SOURCE LightPath Technologies, Inc.