Welcome to our dedicated page for Lightpath Technologies news (Ticker: LPTH), a resource for investors and traders seeking the latest updates and insights on Lightpath Technologies stock.
LightPath Technologies Inc. (NASDAQ: LPTH) is a premier global provider of optics, photonics, and infrared solutions, with over 25 years of experience serving blue chip customers across the industrial, defense, telecommunications, testing and measurement, and medical industries. The company designs, manufactures, and distributes a comprehensive range of optical components such as molded glass aspheric lenses and assemblies, infrared lenses, thermal imaging assemblies, fused fiber collimators, and gradient index (GRADIUM®) lenses.
Headquartered in Orlando, Florida, LightPath operates with manufacturing and sales offices in Dallas, Texas, Latvia, and China. The company’s vertically integrated approach ensures high levels of optical integration, cost efficiency, and superior quality.
LightPath is known for its proprietary materials, including the BlackDiamond™ (BD6) chalcogenide-based glass lenses, and has been recognized with the William C. Schwartz Industry Innovation Award for pioneering infrared optics manufacturing technologies. The company’s ISO 9001:2008 certification underscores its commitment to quality and excellence.
In recent developments, LightPath launched the BDNL-4, a new infrared glass material that is a key component in the chalcogenide glass series, designed to replace Germanium in infrared optics. This material, developed in collaboration with the US Naval Research Laboratories (NRL) and the US Department of Defense (DoD), offers significant advantages, including a negative thermo-optic coefficient for athermalization and multi-spectral capabilities.
The company has expanded its defense market presence, securing a European Defense license and achieving a 30% revenue increase from defense sales. LightPath has also introduced innovative products like the uncooled HS LWIR thermal camera and the Mantis™ camera for high-temperature process monitoring, positioning itself strongly in the rapidly growing defense and industrial markets.
LightPath’s strategic shift towards providing customized lens assemblies and advanced optical solutions, as evidenced by its collaboration with Lockheed Martin on a new missile program, marks a significant evolution from its traditional role as a components manufacturer. The company’s third-quarter financial results highlighted this transformation, with substantial investments in new materials, expanded production capacities, and a growing sales backlog, despite current revenue and gross margin challenges.
For more detailed updates on LightPath Technologies Inc., visit www.lightpath.com.
LightPath Technologies (NASDAQ:LPTH) announced participation in the SPIE Defense + Commercial Sensing (DCS) 2021 Digital Forum from April 12-16, 2021. The virtual event will feature a presentation on D-R-I (Detection, Recognition, Identification) highlighting LightPath's new lens assemblies. Attendees can access the on-demand presentation starting April 12. Devin Standard, Business Development Lead, expressed excitement about showcasing their optics solutions to engineers and program managers for LWIR projects.
LightPath Technologies (NASDAQ:LPTH) announced the appointment of Eric Creviston to its Board of Directors, effective March 4, 2020. He fills the vacancy left by Dr. Stephen Brueck's retirement. Creviston, currently with Qorvo Inc., brings nearly three decades of experience in wireless and mobile technology. His expertise includes product innovation and international market expansion, aligning with LightPath's new strategic direction. This leadership change aims to accelerate the company's transformation and growth in the optical and infrared solutions market.
LightPath Technologies (NASDAQ:LPTH) announced participation in the SPIE Photonics West 2021 Digital Forum from March 6-11, 2021. The event is a premier platform for photonics technologies. Attendees can engage with company experts on applications of Chalcogenide materials, scaling optics, and improving fiber coupling efficiency. Mark Palvino, VP of Global Sales, expressed enthusiasm for connecting with partners and customers at this virtual event. LightPath specializes in optical and infrared components across several industries, including defense and telecommunications.
LightPath Technologies, Inc. (NASDAQ:LPTH) announced the completion of a factory expansion in Riga, Latvia, enhancing its infrared coating capabilities. This expansion aims to meet increasing demand for infrared products, addressing current production capacity constraints. The new facility focuses on high durability Diamond Like Carbon (DLC) coatings for optics, supporting applications in military, defense, and thermal imaging. This initiative aligns with LightPath's broader strategy to vertically integrate its manufacturing processes and reduce lead times while enhancing operational efficiency.
LightPath Technologies (NASDAQ:LPTH) will release its fiscal 2021 second quarter financial results on February 3, 2021, followed by a conference call at 4:30 PM ET. Participants can join via dial-in or webcast. A replay will be available until February 17, 2021. Additionally, LightPath will participate in the A.G.P. Emerging Growth Technology Conference on February 4, 2021, conducting virtual 1:1 meetings with institutional investors. The company specializes in optical and infrared component manufacturing for various industries, including defense and telecommunications.
LightPath Technologies (NASDAQ:LPTH) announced the expansion of its long wave infrared (LWIR) thermal lens assemblies, specifically the 75mm F/1.0 LWIR TWS lens. This lens assembly is optimized for thermal weapon sights and features excellent light collection with a large f/1.0 aperture. It supports uncooled microbolometers up to VGA resolution, achieving detection ranges of 4.4km for 17µm detectors and 6.25km for 12µm detectors. The product is now ready for volume production, enhancing LightPath's offering for OEM partners in both commercial and defense sectors.
LightPath Technologies (NASDAQ: LPTH) has announced the opening of a new sales office in Germany, aiming to boost sales of its optical and infrared products in Europe. The office will be managed by Dr. Athanasios Kokorakis, who brings over 20 years of sales experience. This strategic move is part of LightPath's efforts to enhance direct sales interactions and revenue growth across Europe and the Middle East. The company specializes in proprietary optical components and has a global manufacturing presence.
LightPath Technologies (NASDAQ:LPTH) has secured a renewal of an annual supply agreement worth over $5.8 million, reflecting a 16% increase compared to the previous year. This contract involves the purchase of infrared optical lens elements for a major customer in the commercial infrared vision products sector. The lenses will be utilized in devices such as thermal monoculars and weapon sights, aimed at various applications including search and rescue and nature observation. Fulfillment will occur across facilities in Latvia, Florida, and China.
LightPath Technologies (NASDAQ:LPTH) announces a partnership with ROSH Electroptics, a top distributor in Israel, to enhance its sales efforts. ROSH, established in 1983 and ISO qualified since 1996, specializes in optical components and offers expertise in areas like Fiber-Optics and Laser Diodes. LightPath's Vice President of Global Sales, Mark Palvino, expressed enthusiasm for the partnership, emphasizing ROSH's problem-solving approach and established connections. This collaboration aims to leverage ROSH's local knowledge and customer base to expand LightPath's market presence in Israel.
LightPath Technologies (NASDAQ: LPTH) has announced its participation in two upcoming virtual investor conferences. The Diamond Equity Research Virtual Emerging Growth Invitational is scheduled for December 1, 2020, where the company will present at 1:40 PM ET. Investors can register for the event online. Additionally, LightPath will engage in the Needham 23rd Annual Virtual Growth Conference on January 11-12, 2021, conducting one-on-one meetings with investors. Presentation materials will be available on the company’s Investor Relations webpage.
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