LightPath Technologies Ramps up Production to Support Demand for Laser Tools
LightPath Technologies is pleased to announce that it is boosting its production levels by 200% and is shipping production quantities of molded aspheric lenses to multiple large OEM manufacturers of consumer and industrial laser tools
Mr. Gaynor continued, "LightPath Technologies, over the last 18 months, has been executing its strategy of improving its cost structure, expanding its markets and addressing higher production volumes. A key part of this strategy is to reduce costs and to increase capacity to be competitive in the lower cost, higher volume consumer based optical markets. We have reached a significant milestone in our strategy with these initial high volume production deliveries to our OEM customers."
Contacts: LightPath Technologies Ray Pini, Director of Marketing LightPath Technologies, Inc. Phone: +1-407-382-4003 x336 Email: firstname.lastname@example.org Internet: www.lightpath.com Rob Myers, Director of Sales LightPath Technologies, Inc. Phone: +1-407-382-4003 x 333 Email: email@example.com Internet: www.lightpath.com
About LightPath Technologies
LightPath manufactures optical products including precision molded aspheric optics, GRADIUM(R) glass products, proprietary collimator assemblies, laser components utilizing proprietary automation technology, higher-level assemblies and packing solutions. LightPath has a strong patent portfolio that has been granted or licensed to us in these fields. LightPath common stock trades on the Nasdaq Capital Market under the stock symbol LPTH. For more information visit www.lightpath.com
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.
SOURCE LightPath Technologies, Inc.
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