LightPath Technologies Announces Additions to Its Corporate Management Team

Apr 02, 2001, 01:00 ET from LightPath Technologies, Inc.

    ALBUQUERQUE, N.M., April 2 /PRNewswire/ -- LightPath Technologies, Inc.
 (Nasdaq:   LPTH), manufacturer of families of high performance fiber optic
 components for the telecom industry, today announced that Dennis Yost has
 joined the Company as Executive Vice President and Chief Operating Office for
 LightPath Technologies.
     Mr. Yost brings an extensive background in the semiconductor industry,
 having most recently served as the Managing Director of the Process Sequence
 Integration Group at Applied Materials Corporation.  In this role, he was
 responsible for strategy, start up, implementation, operations and marketing
 for this group that promotes equipment module definition and introduction for
 both copper interconnect and shallow trench isolation module products.
 Previously, while at Texas Instruments, he was responsible for advanced micro
 electronic mechanical systems based products used for projection display
 devices.  With both positions, his responsibilities included support of
 offshore operations throughout Asia.  He has both a masters degree and
 undergraduate degree in electrical engineering from Texas A&M University and a
 MBA from SMU.
     Additionally, the Company has announced that Bob Cullen's responsibilities
 will be expanded to include the role as Executive Vice President in charge of
 Technology Integration.  Mr. Cullen will also continue to maintain his present
 duties as President of Horizon Photonics, the Company he co-founded in 1997
 and was acquired by LightPath in April 2000.  Prior to Horizon, he worked for
 Ortel Corporation as a laser packaging engineer where he was responsible for
 the design and manufacturing of several laser transmitter models.  Bob also
 worked as an Engineering technologist with the prestigious DuPont Engineering
 Development Laboratory.  In this role, he served on field assignments to a
 British Telecom/DuPont joint venture, where he acted as project manager for
 products such as semiconductor optical amplifiers, tunable semiconductor
 lasers and 1480 pump lasers.
     Donald Lawson, CEO and President, commented, "I am pleased to announce the
 addition of Dennis Yost to the LightPath team.  He brings tremendous
 experience in manufacturing, marketing and operations as a result of his 16
 years in the Semiconductor Industry with Applied Materials, Texas Instruments
 and Intel.  It is our belief that the optical component and equipment industry
 bears similarities to the semiconductor industry and its build out over the
 past 20 years.  I believe that his background complements the Company's
 strategic plan of providing automated components and solutions to a rapid
 paced optical networking expansion.  Dennis and his family have relocated from
 Santa Clara, California to Albuquerque, New Mexico, where his immediate focus
 will be on the collimator and switch business units."
     Lawson continued, "I am equally pleased to announce the expanded corporate
 role for Bob Cullen.  Bob has proven to be leader in the optical component
 industry in bringing automated solutions from the drawing board to reality.
 The Horizon business unit is the first company worldwide to produce and ship
 optical components in the form of free-space isolators on patented automated
 platforms in high volumes.  This product, which is traditionally manufactured
 in low labor cost areas such as Asia, is used with every WDM laser source.
 Under Bob's direction, I see a significant opportunity for LightPath to
 combine and leverage its current product and automation technologies to bring
 additional value to our customers.  As the deployment of optical
 telecommunications infrastructure around the globe fuels the demand for
 optical components, the need for more advanced processing, packaging, assembly
 and test methods in component making becomes even more apparent than it is
 today.  Bob is well suited for these additional responsibilities.
     "With the addition of Dennis Yost and Bob Cullen to our corporate
 management team, we continue our strategy of positioning LightPath to become a
 global leader in the development, design, delivery and support of value added
 optical component solutions to the telecommunications industry."
     LightPath manufactures proprietary collimator assemblies, GRADIUM(R) glass
 products and other optical telecommunications products at its headquarters in
 Albuquerque.  The Company's subsidiaries, Horizon Photonics and Geltech,
 manufacture isolator products utilizing proprietary automation technology in
 Walnut, California, and precision molded aspherical optics used in the active
 telecom components market in Orlando, Florida and Auburn, California.
 Additionally, Geltech has a unique and proprietary line of all-glass
 diffraction gratings (StableSil(R)) for telecom applications as well as a
 product family of Sol-Gel based waveguides.  The Company also has an office in
 Warren, New Jersey for the purpose of developing various optical switch
 products.  The Company has 46 U.S. patents, plus 8 more pending, associated
 with its optical technologies.  In addition, various foreign countries have
 issued a total of 18 patents with 28 patents pending.  LightPath common stock
 trades on the Nasdaq National Market under the stock symbol LPTH.
 
     For further information, please contact:  Donald E. Lawson, President &
 CEO, or Donna Bogue, CFO, both of LightPath Technologies, Inc., 505-342-1100,
 Internet:  www.light.net.
 
     This news release includes statements that may 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.
 
 

SOURCE LightPath Technologies, Inc.
    ALBUQUERQUE, N.M., April 2 /PRNewswire/ -- LightPath Technologies, Inc.
 (Nasdaq:   LPTH), manufacturer of families of high performance fiber optic
 components for the telecom industry, today announced that Dennis Yost has
 joined the Company as Executive Vice President and Chief Operating Office for
 LightPath Technologies.
     Mr. Yost brings an extensive background in the semiconductor industry,
 having most recently served as the Managing Director of the Process Sequence
 Integration Group at Applied Materials Corporation.  In this role, he was
 responsible for strategy, start up, implementation, operations and marketing
 for this group that promotes equipment module definition and introduction for
 both copper interconnect and shallow trench isolation module products.
 Previously, while at Texas Instruments, he was responsible for advanced micro
 electronic mechanical systems based products used for projection display
 devices.  With both positions, his responsibilities included support of
 offshore operations throughout Asia.  He has both a masters degree and
 undergraduate degree in electrical engineering from Texas A&M University and a
 MBA from SMU.
     Additionally, the Company has announced that Bob Cullen's responsibilities
 will be expanded to include the role as Executive Vice President in charge of
 Technology Integration.  Mr. Cullen will also continue to maintain his present
 duties as President of Horizon Photonics, the Company he co-founded in 1997
 and was acquired by LightPath in April 2000.  Prior to Horizon, he worked for
 Ortel Corporation as a laser packaging engineer where he was responsible for
 the design and manufacturing of several laser transmitter models.  Bob also
 worked as an Engineering technologist with the prestigious DuPont Engineering
 Development Laboratory.  In this role, he served on field assignments to a
 British Telecom/DuPont joint venture, where he acted as project manager for
 products such as semiconductor optical amplifiers, tunable semiconductor
 lasers and 1480 pump lasers.
     Donald Lawson, CEO and President, commented, "I am pleased to announce the
 addition of Dennis Yost to the LightPath team.  He brings tremendous
 experience in manufacturing, marketing and operations as a result of his 16
 years in the Semiconductor Industry with Applied Materials, Texas Instruments
 and Intel.  It is our belief that the optical component and equipment industry
 bears similarities to the semiconductor industry and its build out over the
 past 20 years.  I believe that his background complements the Company's
 strategic plan of providing automated components and solutions to a rapid
 paced optical networking expansion.  Dennis and his family have relocated from
 Santa Clara, California to Albuquerque, New Mexico, where his immediate focus
 will be on the collimator and switch business units."
     Lawson continued, "I am equally pleased to announce the expanded corporate
 role for Bob Cullen.  Bob has proven to be leader in the optical component
 industry in bringing automated solutions from the drawing board to reality.
 The Horizon business unit is the first company worldwide to produce and ship
 optical components in the form of free-space isolators on patented automated
 platforms in high volumes.  This product, which is traditionally manufactured
 in low labor cost areas such as Asia, is used with every WDM laser source.
 Under Bob's direction, I see a significant opportunity for LightPath to
 combine and leverage its current product and automation technologies to bring
 additional value to our customers.  As the deployment of optical
 telecommunications infrastructure around the globe fuels the demand for
 optical components, the need for more advanced processing, packaging, assembly
 and test methods in component making becomes even more apparent than it is
 today.  Bob is well suited for these additional responsibilities.
     "With the addition of Dennis Yost and Bob Cullen to our corporate
 management team, we continue our strategy of positioning LightPath to become a
 global leader in the development, design, delivery and support of value added
 optical component solutions to the telecommunications industry."
     LightPath manufactures proprietary collimator assemblies, GRADIUM(R) glass
 products and other optical telecommunications products at its headquarters in
 Albuquerque.  The Company's subsidiaries, Horizon Photonics and Geltech,
 manufacture isolator products utilizing proprietary automation technology in
 Walnut, California, and precision molded aspherical optics used in the active
 telecom components market in Orlando, Florida and Auburn, California.
 Additionally, Geltech has a unique and proprietary line of all-glass
 diffraction gratings (StableSil(R)) for telecom applications as well as a
 product family of Sol-Gel based waveguides.  The Company also has an office in
 Warren, New Jersey for the purpose of developing various optical switch
 products.  The Company has 46 U.S. patents, plus 8 more pending, associated
 with its optical technologies.  In addition, various foreign countries have
 issued a total of 18 patents with 28 patents pending.  LightPath common stock
 trades on the Nasdaq National Market under the stock symbol LPTH.
 
     For further information, please contact:  Donald E. Lawson, President &
 CEO, or Donna Bogue, CFO, both of LightPath Technologies, Inc., 505-342-1100,
 Internet:  www.light.net.
 
     This news release includes statements that may 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.
 
 SOURCE  LightPath Technologies, Inc.