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Date Announced: 19 May 2011
Further Strengthens Global Sales Channels, Focus on Strategic Defense Market.
ORLANDO, FL--(Marketwire - May 19, 2011) - LightPath Technologies, Inc. (NASDAQ: LPTH), a global manufacturer, distributor and integrator of patented optical components and assemblies, announced today that LightPath and Militram Incorporated have signed a contract designating Militram as our exclusive sales representative throughout Israel effective in June 2011.
LightPath is a major vendor of standard and custom molded optics for visible and infrared applications. Militram is Israel's largest electro-optics sales organization with branches throughout Israel. Much of the commercial and military activity in Israel in custom and molded optics has been initiated by Militram's market development and sales team.
Jim Gaynor, President & CEO for LightPath, commented, "LightPath continues to strengthen our global channels to our markets. As a key market for our optics, and in particular our infrared product line, we are looking to significantly increase sales in the Israeli defense and commercial markets. Militram is the ideal partner to help us achieve this goal and we are pleased and quite excited to have this relationship with Militram in Israel."
Militram is arranging for a major seminar of Molding Optics in Israel that will highlight LightPath's optics expertise and broad line of standard and custom products.
Source: Lightpath Technologies
E-mail: rpini@lightpath.com
Web Site: www.lightpath.com
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