Contact Information: Contacts: James Magos Senior Vice President, Sales & Marketing LightPath Technologies, Inc. Phone: (407) 382-4003 Email: Internet: www.lightpath.com
LightPath Announcement: LightPath Technologies Receives Award for Molded Infrared Lens Development
LightPath Technologies Has Received a Multi-Year Phase II Small Business Innovative Research (SBIR) Award for the Development of Molded Chalcogenide Lenses for Infrared
| Source: LightPath Technologies
ORLANDO, FL--(Marketwire - October 31, 2007) - LightPath Technologies, Inc. (NASDAQ : LPTH )
LightPath Technologies was awarded a Phase II Small Business Innovative
Research (SBIR) grant from the Naval Air Warfare Center to develop molding
technologies for infrared optical components. These molding processes in
infrared glass materials will provide lower costs for both government and
commercial applications.
LightPath has more than 20 years of experience molding visible and
near-infrared aspherical optics. This grant will provide funding that will
expand LightPath's existing molding technology and provide enhanced
capabilities for larger diameter lenses in the mid- and long-wavelength
infrared spectrum.
"Lower-cost infrared optics will enable new markets and applications in
thermal imaging," said James Magos, VP of Sales & Marketing for LightPath.
"The U.S. government and commercial industries are making significant
investments in reducing infrared detector costs. This program is the first
step in reducing the cost of optical components, which are a large factor
in overall system design.
"The development program will enable larger infrared aspheric lenses and a
broader market penetration," he added.
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. 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. 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.
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