LightPath Technologies, Inc. Discusses Significance of Its Proprietary Germanium-Alternative, BlackDiamond(TM), with The Stock Day Podcast

Rhea-AI Summary

LightPath Technologies, Inc. CEO Sam Rubin discusses the company's background, recent capital raise, alternative to germanium, and acceptance of their first complete solution product in a podcast interview.

Positive

• LightPath Technologies raised $10 million in a public offering, resulting in a 45% increase in stock price. The company is expanding manufacturing capacity in the US and shifting away from China. LightPath has developed an alternative to germanium called BlackDiamond™, which is produced in the US and funded by the Department of Defense. The company's thermal imaging assemblies have been qualified by a major car company, which aligns with the potential mandatory requirement for emergency braking systems. LightPath's first complete solution product is being well-received by customers.

Negative

• None.

PHOENIX, AZ / ACCESSWIRE / August 7, 2023 / The Stock Day Podcast welcomed LightPath Technologies, Inc.(NASDAQ:LPTH)("the Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies. CEO of the Company, Sam Rubin, joined Stock Day host Kevin Davis.

Davis began the interview by asking about the Company's background and current projects. "LightPath is a tech company in the field of photonics and optics," said Rubin. "We've been around for about 35 years. For the last three years, since I've joined, we've been pivoting to a new strategic direction, which takes us towards complete solution offerings."

Rubin then elaborated on the Company's successful efforts to raise capital since their last interview, which included a $10 million public offering. "The day after we announced the raise, the stock went up by 45%," said Rubin. "I think it is an extremely empowering statement from the market. Now we are putting the money to use; we are expanding our manufacturing capacity in the United States as we continue to shift away from China."

Kevin Davis asked, "How does China's plans to control the exports of germanium impact the optics industry and LightPath?"

"Germanium is a naturally occurring material and is considered a critical mineral," explained Rubin. "The US relies heavily on imports for critical minerals and imports most, if not all, of its germanium from China. According to a recent report by Congress, 25% of the germanium that is imported goes into optics."

Mr. Rubin continued, "LightPath has been developing an alternative to germanium. "We have a family of materials we call BlackDiamond™, which is produced here in the US and includes materials that are much more readily available than germanium and other critical minerals. We have funding from the Department of Defense to accelerate some of this work and to help scale and develop it."

"The Department of Transportation recently announced that it may become mandatory for vehicles to be equipped with emergency braking systems. What does that mean for your company," asked Davis.

"Our thermal imaging assemblies have actually been fully qualified by one of the largest car companies out of Detroit," shared Rubin, adding that emergency braking systems would be greatly improved by thermal imaging technology. "This announcement comes at the perfect time for us; we are talking about something that could be transformational for us."

"How is your first complete solution product being accepted by the marketplace," asked Davis.

"It has been surprisingly easier than we expected," said Rubin. Customers are responding very well and positively. We are essentially offering to be a solutions partner with products based on very unique technologies that allow us to make solutions that are far better than what currently exists out there."

To close the interview, Rubin encouraged listeners and shareholders to keep up-to-date on the Company's current and upcoming projects as they continue to grow and expand their unique product offerings across the optics industry.

To hear Sam Rubin's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8346403-lightpath-technologies-inc-discusses-significance-of-its-proprietary-germanium-alternative-bla

Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.com/

About LightPath Technologies:

LightPath Technologies, Inc. is a leading global, vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries. LightPath designs and manufactures proprietary optical and infrared components including molded glass aspheric lenses and assemblies, custom molded glass freeform lenses, infrared lenses and thermal imaging assemblies, fused fiber collimators, and proprietary Black DiamondTM ("BD6") chalcogenide-based glass 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 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.

Investor Contact:

Brian M. Prenoveau, CFA
MZ Group - MZ North America
LPTH@mzgroup.us
+561 489 5315

About The "Stock Day" Podcast

Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America.

Contact:

StockDayMedia.Com
(602) 821-1102

SOURCE: Stock Day Media

View source version on accesswire.com:
https://www.accesswire.com/772690/LightPath-Technologies-Inc-Discusses-Significance-of-Its-Proprietary-Germanium-Alternative-BlackDiamondTM-with-The-Stock-Day-Podcast

FAQ

What was the result of LightPath Technologies' recent capital raise?

The company raised $10 million in a public offering, leading to a 45% increase in stock price.

What is LightPath's alternative to germanium?

LightPath has developed an alternative called BlackDiamond™, which is produced in the US and funded by the Department of Defense.

How have LightPath's thermal imaging assemblies been received in relation to potential mandatory emergency braking systems?

The assemblies have been fully qualified by a major car company and align with the potential requirement for emergency braking systems.

How is LightPath's first complete solution product being received by the marketplace?

Customers are responding positively to the unique technologies and solutions offered by LightPath's first complete solution product.