Investor/Analyst Day at ISP Optics Subsidiary in Irvington, NY Scheduled for January 16, 2018
ORLANDO, FL / ACCESSWIRE / January 9, 2018 / LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer, distributor and integrator of proprietary optical and infrared components and high-level assemblies, today announced its participation in the 20th Annual Needham Growth Conference being held at the Lotte New York Palace Hotel in New York on January 17, 2018.
At the conference, management will be discussing its current views on the new market demand for optical components, including the high growth infrared optics sector which is being driven by automotive electronics, military, IoT and industrial and recreational applications. The Needham event provides an opportunity to present to a group audience as well as to meet on a 1:1 basis throughout the day with institutional investors. To schedule a meeting with management, please contact the Company's investor relations representative, Jordan Darrow, at 512-551-9296 or jdarrow@darrowir.com. The presentation materials utilized during the conference will be available on the investor relations section of LightPath's website at www.lightpath.com.
On January 16, 2018, management of LightPath will host an investor/analyst information day with a tour of the manufacturing facilities of its wholly-owned subsidiary ISP Optics Corporation ("ISP") based in Irvington, NY. Earlier this month, ISP was awarded a $5 million purchase contract to supply a variety of infrared ("IR") optical lens elements to a major commercial infrared vision products customer. This single contract represents 16% of LightPath's trailing 12-month revenues through September 2017. Under LightPath, ISP has come to the aid of manufacturers around the world by lowering the cost and improving the functionality of integrated optical technologies. The cost competitive delivery of these components and assemblies are being facilitated by the significant investments LightPath has made in diamond turning, optical coating and state of the art chalcogenide molding technology and staffing for its operations in the United States, Europe, and China.
About LightPath Technologies
LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading global, vertically integrated provider of optics, photonics and infrared solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes proprietary 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. The Company is headquartered in Orlando, Florida, with manufacturing and sales offices in New York, Latvia, and China.
LightPath's wholly-owned subsidiary, ISP Optics Corporation, manufactures a full range of infrared products from high performance MWIR and LWIR lenses and lens assemblies. ISP's infrared lens assembly product line includes athermal lens systems used in cooled and un-cooled thermal imaging cameras. Manufacturing is performed in-house to provide precision optical components including spherical, aspherical and diffractive coated infrared lenses. ISP's optics processes allow it to manufacture its products from all important types of infrared materials and crystals. Manufacturing processes include CNC grinding and CNC polishing, diamond turning, continuous and conventional polishing, optical contacting and advanced coating technologies.
For more information on LightPath and its businesses, please visit www.lightpath.com.
Forward-Looking Statements
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, and industry outlook and market trends. 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, including its most recent Annual Report on Form 10-K. 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.
Contacts:
Jim Gaynor, President & CEO
LightPath Technologies, Inc.
Tel: 407-382-4003
jgaynor@lightpath.com
Web: www.lightpath.com
Dorothy Cipolla, CFO
LightPath Technologies, Inc
Tel: 407-382-4003 x305
dcipolla@lightpath.com
Web: www.lightpath.com
Jordan Darrow
Darrow Associates, Inc.
Tel: 512-551-9296
jdarrow@darrowir.com
Web: www.darrowir.com
SOURCE: LightPath Technologies, Inc.
