ORLANDO, FL / ACCESSWIRE / October 28, 2020 / LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath”, the “Company” or “we”), a vertically integrated leader global manufacturer and integrator of proprietary optical and infrared components and high level assemblies, announced today the availability of optics produced from Sumita’s high index glass, K-PSFn202. This new offering increases LightPath’s ability to manufacture high performance glass aspheric lenses optimized for telecommunications and other laser diode applications. This precision casting optical glass is fully qualified for production and the company is ready to take orders immediately.
With a refractive index of 2.02, the K-PSFn202 enables optical designers to produce ultra high numerical aperture lenses for maximum light capture. It is the highest index glass LightPath has ever qualified in the visible to near infrared spectrum and has excellent environmental resistance. The material will be a standard offering from LightPath and can be used in lens design today.
“This development enhances the capabilities of LightPath and increases the glass options for our current and potential OEM partners,” said Rob Myers, Product Manager at LightPath. “We are pleased to announce that the K-PSFn202 is ready for volume production.”
LightPath is a recognized leader in extending advanced, manufacturable optical technologies that enable customers to meet their most demanding requirements. This level of excellence has been achieved through the efforts of the company’s exceptional team of engineers and optical technicians who collaborate on three continents.
Please contact Rob Myers at [email protected] or + 1-407-382-4003 x333 for more information.
About LightPath Technologies
LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading global and vertically integrated provider of optical, photonic and infrared solutions for the industrial, commercial, defense, telecommunications and medical industries. LightPath designs and manufactures proprietary optical and infrared components, including molded glass aspherical lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators and Black DiamondMT Chalcogenide glass lenses (“BD6”). LightPath also offers custom optical assemblies, including full engineering design support. The company is headquartered in Orlando, Florida, and manufacturing and sales offices in Latvia and China.
A wholly owned subsidiary of LightPath, ISP Optics Corporation, manufactures a full line 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 uncooled thermal cameras. Manufacturing is done in-house to provide precision optical components, including spherical, aspherical, and diffractive-coated infrared lenses. ISP’s optical processes allow it to manufacture its products from all major types of materials and infrared crystals. Manufacturing processes include CNC grinding and polishing, diamond turning, continuous and conventional polishing, optical contact and advanced coating technologies.
For more information on LightPath and its activities, please visit www.lightpath.com.
This press release includes statements that constitute forward-looking statements made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast”, “guidance “,” Plan “,” estimate “,” will “,” want “,” project “,” maintain “,” intend to “,” wait “,” anticipate “,” prospect “,” the strategy ” , “The future”, “probably,” “may”, “should”, “believe”, “continue”, “opportunity”, “potential” and other similar expressions which predict or indicate future events or trends or that are not statements of historical matters, and include, for example, statements relating to the expected effects on the Company’s business from the COVID-19 pandemic. These forward-looking statements are based on information available at the time the statements have made and / or on the good faith belief of management at that time with respect to future events, and are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied by forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the duration and extent of the COVID-19 pandemic and its impact on demand for the Company’s products; the Company’s ability to obtain the necessary raw materials and components from its suppliers; actions taken by governments, businesses and individuals in response to the pandemic, including mandatory business closures and restrictions on on-site business interactions; the impact of the pandemic and the measures taken in response to the pandemic on global and regional economies and economic activity; the pace of recovery as the COVID-19 pandemic subsides; general economic uncertainty in major world markets and worsening global economic conditions or low levels of economic growth; the effects of measures the Company may take to reduce operating costs; the Company’s inability to maintain profitable sales growth, convert inventory to cash or reduce costs to maintain competitive prices for its products; circumstances or developments which could render the Company unable to implement or realize the expected benefits, or which could increase the costs, of its current and planned business initiatives; and the factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its quarterly report on Form 10-Q. If one or more of these risks, uncertainties or facts materialize, or if the underlying assumptions turn out to be incorrect, actual results may differ materially from those indicated or anticipated by the forward-looking statements contained in this document. Therefore, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Forward-looking statements should not be interpreted as a guarantee of future performance or results and will not necessarily constitute precise indications of when or by which such performance or results will be achieved. Unless required by federal securities laws and the rules and regulations of the Securities and Exchange Commission, we have no intention or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. .
Rob Myers, Product Manager
LightPath Technologies, Inc.
Phone. : 407-382-4003
Mark Palvino, Vice President of Global Sales
LightPath Technologies, Inc.
Phone. : 407-382-4003
THE SOURCE: LightPath Technologies, Inc.
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