LPTH Press Release: LightPath Technologies Announces Significant Contract to Supply Customized Optics for Renishaw

For Immediate Release

 

LightPath Technologies Announces Significant Contract to Supply Customized Optics for Renishaw

ORLANDO, FL – April 29, 2014 LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath,” the “Company” or “we”), a leading vertically integrated global manufacturer, distributor and integrator of proprietary optical components and high-level assemblies, announced today, that it has been awarded a multiyear contract  to supply precision molded aspheric lenses for UK-based Renishaw through its European master distributor AMS Technologies AG. The lenses will be used in Renishaw’s state of the art optical encoder product line.
Jim Gaynor, CEO of LightPath Technologies, commented “We are pleased to be working with a recognized high tech market leader such as Renishaw.  This new purchase order, for optics that were custom designed for optimal performance in their instruments, is the result of several years of collaboration between our companies and demonstrates the mutual respect and trust that has been established between the companies as relates to technical capability, quality products and service.”
Rob Parkes, Sales and Marketing Manager of Renishaw’s Encoder Product Division added, “The fully customized solutions offered by LightPath and AMS Technologies help give us a competitive advantage in the marketplace. We look forward to working with LightPath and AMS Technologies and continuing to grow our partnership in the future.”
Damian McGillivary, of AMS Technologies, emphasized the good cooperation between all parties and feels confirmed that the in-depth technical understanding of his team helped to implement this important project. “We took active control in the design cycle by managing this project through various rounds of specifications and prototypes, leading to a highly specific, customized solution for Renishaw. LightPath is a long time trusted partner for us delivering custom optical solutions into our broad European customer base.”
About LightPath Technologies:
LightPath Technologies, Inc. (NASDAQ: LPTH) 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 Renishaw:
Renishaw is a world leading engineering technologies company, supplying products used for applications as diverse as jet engine and wind turbine manufacture, through to dentistry and brain surgery. It employs over 3,300 people globally, some 2,200 of which are located at its 15 sites in the UK, plus over 1,100 staff located in the 32 countries where it has wholly owned subsidiary operations.
The Company’s success has been recognized with numerous international awards, including sixteen Queen’s Awards recognizing achievements in technology, export and innovation.
About AMS Technologies:
AMS Technologies is Europe’s leading solution provider and distributor for Optical, Power and Thermal Management Technologies. With an appropriate technical education, an element of entrepreneurial spirit and many years of design and consultancy expertise, our sales engineers can rapidly comprehend system requirements and provide you the customer with a solution that goes way beyond a simple understanding of our product datasheets.
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.

###

SPIE Student Section Symposium on Medical Applications of Optics & Photonics

May 5, 2014

CREOL Room102, 103

8:30 – 9:00 am           Breakfast and welcome remarks

                                    Dr. Bahaa Saleh, dean & director of CREOL

Presentations

Chair: Dr. Aristide Dogariu, University of Central Florida

9:00 am                       Harnessing Light  -  Advanced Photonics in Cell Biology and Photomedicine

                        Dr. Aristide Dogariu, CREOL, College of Optics & Photonics, UCF

9:25 am                       Photoacoustic Imaging of Breast Cancer: Detection and Image-guided Surgery

                        Dr. Lei Xi, Department of Biomedical Engineering, University of Florida

9:50 am                       Optical Approaches for Studying Amyloid Fibril Assembly Near Physiological                                         Conditions

                        Dr. Martin Muschol, Department of Physics, University of South Florida

10:15am          Optical Sensing of Molecules

                        Dr. Konstantin L. Vodopyanov, CREOL, College of Optics & Photonics, UCF

10: 40 am        New Photonic Developments for Life Sciences Application

                        Mr. Alexandre Fong, Gooch & Housego (Orlando), LLC

11: 15 am – 12 pm     Panel discussion on “Future of Medical Photonics”

Moderator: Dr. Konstantin L. Vodopyanov

Panelists:  Dr. Aristide Dogariu, Dr. Lei Xi, Dr. Martin Muschol, Mr. Alexandre Fong

LPTH Press Release: LightPath Technologies Announces Private Placement to Pudong Science and Technology (Cayman) Co. Ltd.

For Immediate Release

LightPath Technologies Announces

Private Placement to Pudong Science and Technology (Cayman) Co. Ltd.

ORLANDO, FL – April 16, 2014 LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath,” the “Company” or “we”), a leading vertically integrated global manufacturer, distributor and integrator of proprietary optical components and high-level assemblies, announced today that it executed a Securities Purchase Agreement (the “SPA”) with Pudong Science & Technology (Cayman) Co., Ltd. (“Pudong”) for a private placement (the “Offering”) of the Company’s Class A Common Stock (the “Common Stock”).  LightPath will sell to Pudong a number of shares to be determined that will result in Pudong beneficially owning 19.9% of the Company’s outstanding shares of Common Stock immediately after issuance of the shares of Company Stock pursuant to the SPA.  Currently, Pudong is the beneficial owner of 9.37% of the Company’s outstanding shares of Common Stock, as disclosed in a Schedule 13G filed with the Securities and Exchange Commission in February 2014.
The initial per share purchase price is $1.62, subject to adjustment at the closing of the sale pursuant to the terms of the SPA.  As adjusted, the final per share purchase price may be higher or lower than the initial per share purchase price, but in no event shall the per share purchase price be less than $1.40.  The closing of the sale will occur upon satisfaction of certain closing conditions, including receipt of certain governmental approvals. 
LightPath intends to use the proceeds of the sale to provide working capital to support the continued growth of its business, including new product development and capital expenditures related to acquisition of new equipment, both of which are critical to the Company’s growth plans.
The shares to be purchased in the Offering have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. LightPath has granted Pudong certain “piggyback” registration rights should the Company file with the Securities and Exchange Commission a registration statement to register its equity securities for its own account or the account of others under the Securities Act of 1933, as amended, at any time after the one-year anniversary of the closing date of this private placement with Pudong.  The shares sold to Pudong in the Offering are subject to a three-year lock up period commencing on the closing of the sale. 
This release does not constitute an offer to sell or the solicitation of an offer to buy any securities of LightPath.  The shares of Common Stock are being sold pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended, and applicable state securities laws.
Jim Gaynor, President and Chief Executive Officer of LightPath, commented, “LightPath is extremely pleased and excited about Pudong’s investment in our company.  The funds will assist LightPath in executing its strategy of becoming a leading global supplier of optical components and increase our penetration in our various markets including telecom, digital imaging and custom assemblies.” 
Dr. Xudong Zhu, President of Pudong, added, “We are pleased to have the opportunity to invest more in LightPath. Our increased investment in LightPath reflects the growth they have demonstrated and our confidence in their continued expansion.”
About Pudong Science & Technology (Cayman) Co., Ltd.
Pudong is an investment vehicle wholly owned by Shanghai Pudong Science & Technology Investment Co., Ltd., which is a Shanghai-based investment management company with a leading professional management team, diversified business lines, strong financial position and rich strategic resources. For more information, visit www.pdsti.com.
About LightPath Technologies:
LightPath Technologies, Inc. (NASDAQ: LPTH) 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.
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.

###

Physics Colloquium - Friday, April 18th, 4:30 pm, PSB 161

Dr. Eva Y. Andrei - Rutgers University

Graphene and the Magic of Physics in Two Dimensions

Since its first scotch-tape extraction from graphite in 2004, Graphene – a one atom-thick crystal of carbon - has metamorphosed from the poor relative of diamond into a “wonder material.” By now it has amassed an impressive string of superlatives – lightest, thinnest, strongest material, best electrical and thermal conductor - as well as the 2010 Nobel Prize for its discoverers. Due to its remarkable properties graphene is rapidly moving from research laboratories into industrial, medical and electronics applications. For physicists much of the continuing excitement about Graphene stems from its exotic charge carriers - Dirac fermions - which resemble two dimensional massless neutrinos. The presentation will review the story and physics of graphene with emphasis on its unusual electronic properties and will describe the experiments and techniques which provided access to the two-dimensional world of Dirac fermions, their interactions with each other and with the environment.

Please contact Pat at 3-2325 or physics AT ucf DOT edu

TOMORROW! Distinguished Seminar Series: "Silicon Photonics: The Optical Spice Rack" by Michal Lipson 4.11.14/11:00am-12:00pm/ CREOL 102

Distinguished Seminar Series: "Silicon Photonics: The Optical Spice Rack" by Michal Lipson

Friday, April 11, 2014 11:00 AM to 12:00 PM
CREOL Room 102

Michal Lipson

School of Electrical and Computer Engineering, Cornell University

Abstract:

Silicon is evolving as a versatile photonic platform with multiple functionalities that can be seamlessly integrated. The tool box is rich starting from the ability to guide and amplify multiple wavelength sources at GHz bandwidths, to optomechanical MEMS and opto-fluidics devices. As an example of novel device capabilities, I will discuss the generation of strong optical forces in these ultra small light confining structures. We have recently shown that optical forces can enable controllable, static manipulation of photonic structures, an important step towards enabling recently proposed functionalities for optomechanical devices, such as self-aligning and optical corralling behaviour. These advances should enable future micro-optomechanical systems (MOMS) with novel and distinct functionalities.

Biography:

Michal Lipson is a Professor at the School of Electrical and Computer Engineering here at Cornell University. Her research focuses on novel on-chip Nanophotonics devices. She holds numerous patents on novel micron-size photonic structures for light manipulation, and is the author of over 150 technical papers in journals in Physics and Optics. She has pioneered several of the critical building blocks for silicon photonics including the GHz silicon modulators. Professor Lipson's honors and awards include the MacArthur Fellow, OSA Fellow, IEEE Fellow, IBM Faculty Award, and NSF Early Career Award.

TOMORROW! "Computational Imaging for Chip-scale Microscopy and X-ray Scattering Imaging" by Shuo Pang 4.10.14/11:00am-12:00pm/ CREOL 102

"Computational Imaging for Chip-scale Microscopy and X-ray Scattering Imaging" by Shuo Pang

Thursday, April 10, 2014 11:00 AM to 12:00 PM
CREOL Room 102

Shuo Pang

Abstract:

Imaging technology has been an important tool in scientific research as well as addressing the needs in healthcare, security, and manufacturing. Imaging systems project real-world, multi-dimensional signals onto the measurement space of the sensors. Computational Imaging is concerned with optimizing the measurement basis in order to maximize the specific information of interest while minimizing system resources. In this talk I will demonstrate the capabilities of Computational Imaging using two examples, namely low-cost fluorescence microscopy and high-throughput X-ray scattering imaging.

The Fluorescence Talbot Microscope (FTM) is a portable fluorescence microscopy platform on a low-cost CMOS imaging sensors (~ $2). Because of its potential for inexpensive mass production, the FTM is a viable tool for low-resource setting diagnosis.

Coded Aperture X-ray Scattering Imaging (CAXSI) system taking multiplexed measurements can greatly improve the imaging speed while providing material-specific scattering signature. CAXSI is a promising technology for high-throughput checkpoint baggage scanners.

Biography:

Shuo Pang is a Postdoctoral Fellow in the department of Electrical and Computer Engineering at Duke University. He received his Ph.D. degree in Electrical Engineering from California Institute of Technology in 2013. He is the first author of 7 peer-reviewed journal publications in biomedical optics and micro/nano technologies, and has 2 patents (5 pending) in imaging devices. His current research interests include creating novel imaging systems in the visible and x-ray regime using computational methods.

For additional information:

Dr. M.G. Jim Moharam

Professor of Optics

407-823-6833

moharam AT creol DOT ucf DOT edu

Physics Colloquium - Friday, April 11th, 4:30 pm, NOTE ROOM CHANGE TO Engineering 2, Room 105

Dr. Stefano Curtarolo

Duke University

Buena Vista Materials Club: Enjoying Materials Development

In this presentation, we show how to use on-line resources to search for novel thermoelectrics, topological-insulators, magnets,

and binary/ternary phase diagrams. Research sponsored by DOD/DOE.

NOTE ROOM CHANGE TO Engineering 2, Room 105 

Contact:  Pat physics AT ucf  DOT edu, 3-2325

NPI Community Call April 9

On behalf of the National Photonics Initiative (NPI), I would like to invite you to join a call to learn about our recent activities and future plans. These past few months have been busy ones with visits to Capitol Hill and outreach to the Obama Administration.  At the same time, the four NPI Task Forces (IT, Bio, Sensors and High Powered Lasers) have been hard at work fine tuning their "ask" for the government.

We did want to take time out to update our stakeholders on the recent efforts.  We have reached out to those that have been involved in the NPI but we are trying to cast a wide net to reach as many of those from our community as possible.  If you have colleagues who would like to join the call, I encourage you to share this email with them.

Date:     Wednesday, April 9

Time:     2 pm EST 

To register, please email: npi@lightourfuture.org with your name, company and phone number. Registration closes at noon EST on April 9. 

I encourage you to visit the NPI website: http://lightourfuture.org.

Prof. Albert Stolow - University of Ottawa, Canada; Physics Colloquium - Friday, April 4th, 4:30 pm, PSB 161; Ultrafast Molecular Sciences

Prof. Albert Stolow - University of Ottawa, Canada

Physics Colloquium - Friday, April 4th, 4:30 pm, PSB 161

Ultrafast Molecular Sciences

The quantum-molecular view of nature led, over the past century, to revolutionary developments in science and engineering, including spectroscopy, lasers, and molecular biology/genetics. A cornerstone of this has been the development of microscopic structure-function relationships. Nature, however, is seldom static. Therefore, in the 21st century, there is a need to develop a microscopic but dynamic, rather than static, quantum-molecular view of Nature and its processes. Unfortunately, we do not yet have “dynamics-function” relationships. Nevertheless, this quantum dynamical view will be required for many emerging areas of molecular science and technology including chemical reaction dynamics, attosecond science, photoactive materials, quantum control, molecular machines, biomedical imaging etc.
In the general case, molecular dynamics involves the ultrafast rearrangements of both electronic charge and vibrational energy, termed non-adiabatic dynamics. For example, Chemistry, the breaking and making of chemical bonds, necessarily involves the coupled ‘dance’ of valence electronic charge and atomic motions. Ultrafast laser science has led to significant progress in molecular dynamics studies, particularly for the difficult but most general case of non-adiabatic dynamics. We employ photoelectron spectroscopy because it is a uniquely powerful probe technique which combines elements of both scattering theory and spectroscopy [1-3]. Furthermore, new methods in non-perturbative laser quantum control have emerged as important tools for enhancing molecular dynamics studies [4,5], permitting direct measurements within the Molecular Frame which avoid the usual loss of information due to lab frame orientational averaging [6,7]. As laser fields get stronger, a sub-cycle (attosecond) physics emerges, leading to new probes of driven multi-electron dynamics in polyatomic molecules. Ultrafast laser science in condensed phases also offers new opportunities in biophysics. We ‘trigger’ the unzipping of double helix DNA, potentially leading to ‘light-induced genomics’, and simplified approaches to label-free microscopy of live cells and tissues [8], leading to the first commercially available CARS microscope [9]. We anticipate that the dynamical view will lead to important advances in molecular sciences and its manifold of applications.

Contact:  Pat physics AT ucf . edu, 3-2325