ORLANDO, Fla., Sept. 5, 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, continued to
demonstrate its recognition as a technology driver and innovator in
precision glass molding at the 2012 International Society of Optics
and Photonics,Optics and Photonics Conference in
San Diego, Polymer Optics and
Molded Glass Optics: Design, Fabrication and Materials III
Conference.
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LightPath Technologies presented two invited papers at SPIE
Optics and Photonics 2012 in San
Diego; "Design considerations and manufacturing limitations
of insert precision glass molding" and "Design implications of
diamond turned versus diamond ground mold fabrication techniques on
precision molded optics." The first paper is the first
comprehensive work on insert precision glass molding, discussing in
detail the design requirements and detailed fabrication results for
both visible and infrared optics. The second paper detailed the
differences in mold manufacturing techniques and validated that the
precision achievable with diamond grinding is comparable or better
than single point diamond turning. Both papers were selected as
part of the inaugural inclusion of glass molding into the
conference.
LightPath Technologies, Vice President of Corporate Engineering,
Alan Symmons served on the
conference committee, chaired several sessions and was also a
panelist on the first ever SPIE panel discussion on molded optics.
"The involvement of LightPath Technologies in these events
validates that we are at the forefront of precision glass molding
technology in both visible and infrared optics. The inclusion of
these technologies highlights the growing continued general
acceptance of precision glass molding throughout industry," stated
Mr. Symmons. "I was extremely pleased with our team, the excellent
attendance of the events and look forward to LightPath continuing
to push the state of the art in precision glass molding."
LightPath Technologies is a global leader in the manufacture and
distribution of molded glass optics for a variety of applications
including telecommunications, defense, medical and industrial-laser
optics – markets that exceed $200
million at the component level. Recently, LightPath
has announced its strategic initiatives to apply the knowledge and
experience developed over the last twenty-five years in the visible
optics market to develop a low-cost manufacturing technique for the
production of infrared optics. The company expects commercial sales
of various infrared products to launch in the latter half of
calendar 2012 with meaningful contribution to the company's
business expected in its fiscal 2013 and beyond. Applications
of infrared and thermal imaging technology have grown dramatically
over the last ten years into various markets including industrial
inspection, automotive safety, chemical and biological sensing and
security and surveillance – markets that are expected to generate
over $20 billion in system-wide sales
in 2014.
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 has been
granted or licensed to us in these fields. LightPath 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.
SOURCE LightPath Technologies, Inc.