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LightPath Technologies to Attend Association of the United States Army (AUSA) 2024 Annual Meeting & Exposition on October 14-16, 2024

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LightPath Technologies (NASDAQ: LPTH) announced its participation in the Association of the United States Army (AUSA) 2024 Annual Meeting and Exposition from October 14-16, 2024, in Washington D.C. This event is North America's largest land power exposition and professional development forum for the defense industry.

CEO Sam Rubin highlighted the opportunity to introduce current and prospective customers to LightPath's next-generation products, including those leveraging their proprietary BlackDiamond™ glass. The company will also update attendees on their recently qualified advanced thermal camera system for Lockheed Martin's major missile program bid for the US Army.

LightPath is now delivering flightworthy hardware for Lockheed Martin's initial live test units. The U.S. Army's decision to move the program into production, initially expected by 2028, is now anticipated by 2026. This program could represent a revenue opportunity of $500 million to $1 billion over its lifetime for LightPath.

LightPath Technologies (NASDAQ: LPTH) ha annunciato la sua partecipazione all'Incontro e Esposizione Annuale 2024 dell'Associazione dell'Esercito degli Stati Uniti (AUSA) che si terrà dal 14 al 16 ottobre 2024 a Washington D.C. Questo evento è la più grande esposizione di potenza terrestre e forum di sviluppo professionale per l'industria della difesa in Nord America.

Il CEO Sam Rubin ha sottolineato l'opportunità di presentare ai clienti attuali e potenziali i prodotti di nuova generazione di LightPath, inclusi quelli che sfruttano il loro vetro proprietario BlackDiamond™. L'azienda aggiornerà inoltre i partecipanti sul suo sistema avanzato di telecamera termica recentemente qualificato per la principale offerta del programma missilistico di Lockheed Martin per l'Esercito degli Stati Uniti.

LightPath sta attualmente fornendo hardware idoneo al volo per le prime unità di test dal vivo di Lockheed Martin. La decisione dell'Esercito degli Stati Uniti di passare il programma in produzione, inizialmente previsto per il 2028, è ora anticipata per il 2026. Questo programma potrebbe rappresentare un'opportunità di fatturato di 500 milioni a 1 miliardo di dollari nel suo ciclo di vita per LightPath.

LightPath Technologies (NASDAQ: LPTH) anunció su participación en la Reunión y Exposición Anual 2024 de la Asociación del Ejército de los Estados Unidos (AUSA) que se celebrará del 14 al 16 de octubre de 2024 en Washington D.C. Este evento es la mayor exposición de potencia terrestre y foro de desarrollo profesional para la industria de defensa en América del Norte.

El CEO Sam Rubin destacó la oportunidad de presentar a los clientes actuales y potenciales los productos de nueva generación de LightPath, incluidos aquellos que aprovechan su vidrio patentado BlackDiamond™. La empresa también actualizará a los asistentes sobre su sistema avanzado de cámara térmica recientemente calificado para la oferta principal del programa de misiles de Lockheed Martin para el Ejército de los Estados Unidos.

LightPath ahora está entregando hardware apto para el vuelo para las primeras unidades de prueba en vivo de Lockheed Martin. La decisión del Ejército de los Estados Unidos de llevar el programa a producción, que inicialmente se esperaba para 2028, ahora se anticipa para 2026. Este programa podría representar una oportunidad de ingresos de 500 millones a 1 mil millones de dólares a lo largo de su vida para LightPath.

LightPath Technologies(NASDAQ: LPTH)는 2024년 10월 14일부터 16일까지 워싱턴 D.C.에서 열리는 미국 육군 협회(AUSA) 2024 연례 회의 및 전시회에 참여한다고 발표했습니다. 이 행사는 북미 최대의 육상 전력 전시회이자 방위 산업을 위한 전문 발전 포럼입니다.

CEO Sam Rubin은 현재 및 잠재 고객에게 LightPath의 차세대 제품을 소개할 수 있는 기회를 강조하였으며 이를 통해 회사의 독점 BlackDiamond™ 유리를 활용한 제품도 포함됩니다. 또한, 회사는 미국 육군을 위한 Lockheed Martin의 주요 미사일 프로그램 입찰에 대해 최근에 자격을 갖춘 고급 열화상 카메라 시스템에 대한 소식을 참석자들에게 업데이트할 것입니다.

LightPath는 현재 Lockheed Martin의 초기 실시간 테스트 유닛을 위한 비행 적합 하드웨어를 제공하고 있습니다. 미국 육군이 프로그램을 생산 단계로 진행하기로 한 결정은 초기 예상보다 2028년에서 이제 2026년으로 당겨졌습니다. 이 프로그램은 LightPath에 대해 5억에서 10억 달러의 수익 기회를 나타낼 수 있습니다.

LightPath Technologies (NASDAQ: LPTH) a annoncé sa participation à la Réunion Annuelle et Exposition 2024 de l'Association de l'Armée des États-Unis (AUSA) qui se tiendra du 14 au 16 octobre 2024 à Washington D.C. Cet événement est la plus grande exposition de puissance terrestre et forum de développement professionnel pour l'industrie de la défense en Amérique du Nord.

Le PDG Sam Rubin a souligné l'opportunité de présenter aux clients actuels et potentiels les produits de nouvelle génération de LightPath, y compris ceux utilisant leur verre exclusif BlackDiamond™. L'entreprise fera également le point avec les participants sur son système avancé de caméra thermique récemment qualifié pour la grande offre de programme de missiles de Lockheed Martin pour l'Armée des États-Unis.

LightPath livre maintenant du matériel apte au vol pour les premières unités de test en direct de Lockheed Martin. La décision de l'Armée des États-Unis de faire avancer le programme en production, initialement prévue pour 2028, est maintenant anticipée pour 2026. Ce programme pourrait représenter une opportunité de revenus de 500 millions à 1 milliard de dollars tout au long de sa durée de vie pour LightPath.

LightPath Technologies (NASDAQ: LPTH) hat seine Teilnahme an der Jahrestagung und Ausstellung 2024 der Association of the United States Army (AUSA) angekündigt, die vom 14. bis 16. Oktober 2024 in Washington D.C. stattfinden wird. Diese Veranstaltung ist die größte Ausstellung für Landstreitkräfte in Nordamerika und ein Fachforum für die Verteidigungsindustrie.

CEO Sam Rubin hob die Gelegenheit hervor, aktuellen und potenziellen Kunden die Produkte der nächsten Generation von LightPath vorzustellen, einschließlich derer, die auf ihrem proprietären BlackDiamond™-Glas basieren. Das Unternehmen wird die Teilnehmer auch über sein kürzlich qualifiziertes fortschrittliches Wärmebildkamerasystem für Lockheed Martins großes Rüstungsprogramm für die US-Armee informieren.

LightPath liefert jetzt flugtaugliche Hardware für die ersten Live-Testeinheiten von Lockheed Martin. Die Entscheidung der US-Armee, das Programm in die Produktion zu überführen, die ursprünglich für 2028 erwartet wurde, wird nun für 2026 prognostiziert. Dieses Programm könnte für LightPath eine Einnahmenschance von 500 Millionen bis 1 Milliarde Dollar über seine Laufzeit darstellen.

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Company to Host Meetings with Both Prospective Customers and End-Users to Discuss LightPath's Next-Generation Optics and Imaging Systems in Mission Critical Defense Applications

ORLANDO, Fla., Oct. 10, 2024 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced its participation at the Association of the United States Army ("AUSA") 2024 Annual Meeting and Exposition, taking place October 14-16, 2024, in Washington D.C.

The AUSA Annual Meeting is the largest land power exposition and professional development forum in North America, designed to deliver the Army's message by highlighting the capabilities of organizations and presenting a wide range of industry products and services. AUSA accomplishes this task by providing informative and relevant presentations on the State-of-the-Army, panel discussions and seminars on pertinent military and national security subjects, and a variety of valuable networking events available to all that attend.

"The AUSA Annual Exposition is one of the premier events in the defense industry, providing us the opportunity to meet with leaders, innovators, and stakeholders from across the military and defense sectors," said Sam Rubin, President and Chief Executive Officer of LightPath. "As a leading optics and imaging systems solutions provider to the defense industry, we expect to introduce current and prospective customers to our portfolio of next-generation products leveraging our proprietary BlackDiamond™ glass.

"We also look forward to providing an update to attendees on our recently received qualification of our advanced thermal camera system by Lockheed Martin as part of its bid to produce a design of a major missile program for the US Army. We are now starting delivery of flightworthy hardware for implementation into Lockheed Martin's initial live test units. Initially, it was expected that the U.S. Army would make a selection on a final solution for the Program and move into production with 10,000 units by 2028; however, it has been announced that a decision to move the program into production is now expected by 2026. Collectively we believe this program represents a revenue opportunity of between $500 million and $1 billion over the life of the program, based on volumes from legacy programs implemented by the U.S. Army."

About LightPath Technologies

LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, Latvia and China. To learn more, please visit www.lightpath.com.

Forward-Looking Statements

This press release includes statements that constitute forward-looking statements made pursuant to 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," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those 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 Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. 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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SOURCE LightPath Technologies

FAQ

When is LightPath Technologies (LPTH) attending the AUSA 2024 Annual Meeting?

LightPath Technologies (LPTH) is attending the AUSA 2024 Annual Meeting from October 14-16, 2024, in Washington D.C.

What products will LightPath Technologies (LPTH) showcase at the AUSA 2024 event?

LightPath Technologies (LPTH) will showcase its next-generation optics and imaging systems, including products leveraging their proprietary BlackDiamond™ glass.

What recent qualification did LightPath Technologies (LPTH) receive from Lockheed Martin?

LightPath Technologies (LPTH) recently received qualification for its advanced thermal camera system as part of Lockheed Martin's bid for a major US Army missile program.

When is the U.S. Army expected to make a decision on the missile program involving LightPath Technologies (LPTH)?

The U.S. Army is now expected to make a decision to move the missile program into production by 2026, earlier than the initially anticipated 2028 date.

What is the potential revenue opportunity for LightPath Technologies (LPTH) from the US Army missile program?

LightPath Technologies (LPTH) estimates the US Army missile program represents a revenue opportunity of between $500 million and $1 billion over the life of the program.

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