QualityStocks would like to highlight LightPath Technologies, Inc. (NASDAQ: LPTH), engaged in the design, development, manufacture, and distribution of optical components and assemblies in the United States and internationally. The company provides precision molded glass aspheric optics, isolators, proprietary high performance fiber-optic collimators, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.
In the company’s news last week,
LightPath Technologies announced that it has partnered with NHG, granting them an exclusive license to manufacture and distribute GRADIUM® glass products in Asia (in particular, China) using LightPath intellectual property. The license is exclusive, non-assignable, non-transferable, and has an initial term of five years.
With unique refractive qualities that can be manipulated to reduce spherical abberations, GRADIUM® lenses are made from LightPath’s proprietary axial gradient index glass and can yield performance similar to single-term aspheres at a fraction of the cost. GRADIUM® lenses have been very well received for use in high-power industrial laser systems by many of the world’s largest laser and fiber laser manufacturers. These optics are being included in laser delivery systems spanning a wide variety of products in end markets that include laser cutting, marking, and welding.
Jim Gaynor, President and CEO of LightPath Technologies, remarked, “We are pleased and excited to have found such an excellent partner for the distribution of the GRADIUM® product into the Asian and, specifically, the Chinese market. NHG is a well known and respected producer of optical materials in China, and we believe there is potential for additional partnership opportunities with NHG in the future. We believe NHG will be very successful in broadening the exposure of our GRADIUM® products in Asia and that this partnership will continue to expand LightPath’s distribution network and contribute to our company’s growth throughout China and Asia well into the future.”
LightPath recently announced strategic initiatives to develop a low-cost manufacturing technique for the production of infrared optics. The company expects commercial sales of its infrared products to launch in the fourth quarter of 2012. 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. These markets are expected to generate over $20 billion in system-wide sales in 2014.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit www.QualityStocks.net
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
