ORLANDO, Fla., Sept. 5, 2012 /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, continued to demonstrate its recognition as a technology driver and innovator in precision glass molding at the 2012 International Society of Optics and Photonics,Optics and Photonics Conference in San Diego, Polymer Optics and Molded Glass Optics: Design, Fabrication and Materials III Conference.
LightPath Technologies presented two invited papers at SPIE Optics and Photonics 2012 in San Diego; "Design considerations and manufacturing limitations of insert precision glass molding" and "Design implications of diamond turned versus diamond ground mold fabrication techniques on precision molded optics." The first paper is the first comprehensive work on insert precision glass molding, discussing in detail the design requirements and detailed fabrication results for both visible and infrared optics. The second paper detailed the differences in mold manufacturing techniques and validated that the precision achievable with diamond grinding is comparable or better than single point diamond turning. Both papers were selected as part of the inaugural inclusion of glass molding into the conference.
LightPath Technologies, Vice President of Corporate Engineering, Alan Symmons served on the conference committee, chaired several sessions and was also a panelist on the first ever SPIE panel discussion on molded optics. "The involvement of LightPath Technologies in these events validates that we are at the forefront of precision glass molding technology in both visible and infrared optics. The inclusion of these technologies highlights the growing continued general acceptance of precision glass molding throughout industry," stated Mr. Symmons. "I was extremely pleased with our team, the excellent attendance of the events and look forward to LightPath continuing to push the state of the art in precision glass molding."
LightPath Technologies is a global leader in the manufacture and distribution of molded glass optics for a variety of applications including telecommunications, defense, medical and industrial-laser optics – markets that exceed $200 million at the component level. Recently, LightPath has announced its strategic initiatives to apply the knowledge and experience developed over the last twenty-five years in the visible optics market to develop a low-cost manufacturing technique for the production of infrared optics. The company expects commercial sales of various infrared products to launch in the latter half of calendar 2012 with meaningful contribution to the company's business expected in its fiscal 2013 and beyond. Applications of infrared and thermal imaging technology have grown dramatically over the last ten years into various markets including industrial inspection, automotive safety, chemical and biological sensing and security and surveillance – markets that are expected to generate over $20 billion in system-wide sales in 2014.
About LightPath Technologies
LightPath manufactures optical products including precision molded aspheric optics, GRADIUM® 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.