LightPath Technologies Signs Distribution Agreement with AceXon Technologies to Expand Distribution Network in Southeast Asia Agreement Enhances Distribution Coverage For Singapore, Malaysia, and Thailand
ORLANDO, Fla., Aug. 14, 2013 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath", the "Company" or "we"), a global manufacturer, distributor and integrator of patented optical components and high-level assemblies, today announced it has signed a distribution agreement with AceXon Technologies Pte. Ltd. Under the terms of the agreement, AceXon Technologies will distribute LightPath's broad range of optical products throughout Singapore, Malaysia, and Thailand.
Jim Gaynor, CEO of LightPath, commented, "LightPath is continuing its strategy of improving cost structures, expanding markets and addressing higher volumes. A key part of this strategy is to improve our channels to our markets. Since 2004, AceXon has developed strong relationships with OEM customers in a variety of opto-electronic markets ranging from industrial to scientific to medical. AceXon has a strong emphasis on laser-based applications, distributing DPSS, fiber, gas lasers as well as laser diodes. Many of these lasers can be used with the optics and optical assemblies that LightPath produces, making this agreement a natural fit. We are very pleased to welcome AceXon Technologies to our network of worldwide distributors."
About LightPath Technologies
LightPath provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM® lenses. LightPath also offers custom optical assemblies, including full engineering design support. For more information, visit www.lightpath.com.
About AceXon Technologies
AceXon Technologies Pte. Ltd. was established in 2004 as a sales and technical service provider specializing in the field of lasers, electro-optics, and photonics, serving several countries in the Southeast Asia region. The company introduces state-of-the-art products to the institutional, industrial, and commercial markets. AceXon supplies and services a full range of systems involving photonics products, electro-optical equipment, and lasers which have applications in the research, academic, development, production, commercial, and medical industries.
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, including statements regarding our ability to expand our presence in certain markets, future sales growth, continuing reductions in cash usage and implementation of new distribution channels. 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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SOURCE LightPath Technologies, Inc.