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LightPath Technologies Announces Significant Contract to Supply Customized Optics for Renishaw

Date Announced: 29 Apr 2014

Lenses to feature in UK metrology firm's optical encoders.

ORLANDO, FL – April 29, 2014 LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath,” the “Company” or “we”), a leading vertically integrated global manufacturer, distributor and integrator of proprietary optical components and high-level assemblies, announced today, that it has been awarded a multiyear contract to supply precision molded aspheric lenses for UK-based Renishaw through its European master distributor AMS Technologies AG. The lenses will be used in Renishaw’s state-of-the-art optical encoder product line.

Jim Gaynor, CEO of LightPath Technologies, commented “We are pleased to be working with a recognized high tech market leader such as Renishaw. This new purchase order, for optics that were custom designed for optimal performance in their instruments, is the result of several years of collaboration between our companies and demonstrates the mutual respect and trust that has been established between the companies as relates to technical capability, quality products and service.”

Rob Parkes, Sales and Marketing Manager of Renishaw’s Encoder Product Division added, “The fully customized solutions offered by LightPath and AMS Technologies help give us a competitive advantage in the marketplace. We look forward to working with LightPath and AMS Technologies and continuing to grow our partnership in the future.”

Damian McGillivary, of AMS Technologies, emphasized the good cooperation between all parties and feels confirmed that the in-depth technical understanding of his team helped to implement this important project. “We took active control in the design cycle by managing this project through various rounds of specifications and prototypes, leading to a highly specific, customized solution for Renishaw. LightPath is a long time trusted partner for us delivering custom optical solutions into our broad European customer base.”

Source: LightPath Technologies

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