LightPath Technologies Develops Additional Direct-to-China Sales Channels

Date Announced: 24 Mar 2011

Optical Component Firm adds Two New Distributors to Expand China Market Presence.

ORLANDO, FL--(Marketwire - 03/24/11) - LightPath Technologies, Inc. (NASDAQ:LPTH - News), a global manufacturer, distributor and integrator of optical components and assemblies, announced today that it has continued the expansion of its direct selling channels in China as part of its strategy to deliver high volumes of aspheric lenses and laser delivery systems to Asian manufacturers of optical equipment. Based on the adoption rate of aspheric lenses in multiple market segments in China, the market for aspheric lenses in Asia is expected to top $280 Million by the end of 2011. LightPath's molded aspheric lenses provide cost savings over traditional high volume spherical doublet and triplet lenses without sacrificing performance.

The Company has signed two new distributors to create comprehensive market coverage in China. LIENHE Corp (www.lienhe.com.cn) and ETSC (www.etsc-tech.com). Both of these distributors are based in China and provide LightPath with new, valuable selling channels into specific targeted market segments that capitalize on increased demand from Chinese manufacturers. The addition of these two distributors extends the company's sales channels in China to six distributors covering several different market segments and complements our direct sales force.

Jim Gaynor, CEO of LightPath, commented, "LightPath continues to successfully execute a growth strategy that addresses specific high volume target markets in Asia, Europe and the Americas. Our agreements with LIENHE and ETSC give LightPath significantly expanded exposure throughout China in the telecommunications and fiber optic markets. When combined with our recently expanded distribution agreement with AMS Technologies in Europe, and WPG in the Americas and South Asia, LightPath has dramatically broadened our sales channels around the world."

Source: LightPath Technologies

Contact

E-mail: rpini@lightpath.com

Web Site: www.lightpath.com