ORLANDO, Fla., Aug. 14, 2013 /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, today
announced it has signed a distribution agreement with AceXon
Technologies Pte. Ltd. Under the terms of the agreement,
AceXon Technologies will distribute LightPath's broad range of
optical products throughout Singapore, Malaysia, and Thailand.
(Logo: http://photos.prnewswire.com/prnh/20130122/FL45558LOGO
)
Jim Gaynor, CEO of LightPath,
commented, "LightPath is continuing its strategy of improving cost
structures, expanding markets and addressing higher volumes. A key
part of this strategy is to improve our channels to our
markets. Since 2004, AceXon has developed strong
relationships with OEM customers in a variety of opto-electronic
markets ranging from industrial to scientific to medical.
AceXon has a strong emphasis on laser-based applications,
distributing DPSS, fiber, gas lasers as well as laser diodes.
Many of these lasers can be used with the optics and optical
assemblies that LightPath produces, making this agreement a natural
fit. We are very pleased to welcome AceXon Technologies to
our network of worldwide distributors."
About LightPath Technologies
LightPath provides optics and photonics solutions for the
industrial, defense, telecommunications, testing and measurement,
and medical industries. LightPath designs, manufactures, and
distributes optical and infrared components including molded glass
aspheric lenses and assemblies, infrared lenses and thermal imaging
assemblies, fused fiber collimators, and gradient index GRADIUM®
lenses. LightPath also offers custom optical assemblies, including
full engineering design support. For more information, visit
www.lightpath.com.
About AceXon Technologies
AceXon Technologies Pte. Ltd. was established in 2004 as a sales
and technical service provider specializing in the field of lasers,
electro-optics, and photonics, serving several countries in the
Southeast Asia region. The
company introduces state-of-the-art products to the institutional,
industrial, and commercial markets. AceXon supplies and services a
full range of systems involving photonics products, electro-optical
equipment, and lasers which have applications in the research,
academic, development, production, commercial, and medical
industries.
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.
Contact:
Kathy
Botticello
Marketing Communications Specialist
kbotticello@lightpath.com
407-382-4003 x316
Rob Myers
Director of Sales
rmyers@lightpath.com
407-382-4003 x333
SOURCE LightPath Technologies, Inc.