LightPath Technologies Enters Into Supply Agreement With a Major Infrared Camera Manufacturer

Date Announced: 02 Nov 2010

Expands Production of LightPath's Molded Infrared Optical Assemblies.

ORLANDO, FL--(Marketwire - 11/02/10) - LightPath Technologies, Inc. (NASDAQ:LPTH - News), a global manufacturer, distributor and integrator of patented optical components and assemblies, announced today that it has entered into a supply agreement with a leading manufacturer of commercial and industrial vision systems, including infrared cameras used in the military, government, commercial and industrial sectors. This supply agreement is an extension of an existing business relationship between the companies.

"This expanded relationship solidifies the importance and growing market adoption of our molded infrared optical assemblies by industry leading manufacturers. By using glass molding, we are able to reduce overall system cost and increase production volumes for many products, including infrared optics and thermal imaging cameras," said Jim Gaynor, CEO of LightPath Technologies, Inc. "Worldwide, the infrared market is valued at several billions of dollars. Our strategic supply agreement enables us to capitalize on significant sales opportunities in the thermal imaging and thermography markets."

Source: LightPath Technologies

Contact

E-mail: rpini@lightpath.com

Web Site: www.lightpath.com