LPTH Press Release: LightPath Technologies Invited to Join Center of Freeform Optics

For Immediate Release: LightPath Technologies Joins the Center of Freeform Optics ORLANDO, FL – May 18, 2017 -- LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath,” the “Company,” or “we”), a leading vertically integrated global manufacturer, distributor and integrator of proprietary optical and infrared components and high-level assemblies, announced it has accepted the invitation to join the Center of Freeform Optics located at the University of Rochester in Rochester, NY. The Center for Freeform Optics (CeFO) is a joint Industry-Government-University cooperative research center funded primarily through Industry and Government Labs members.  The mission of the Center for Freeform Optics (CeFO) is to advance research and education in the science, engineering, and applications of systems based on freeform optics through a dedicated, continuing industrial partnership based on shared value, and promotion of technical advantage leading to a competitive economic advantage for CeFO members. Matt Davies, PhD Professor & Site Director for Center for Freeform Optics stated, “We are extremely excited about LightPath joining the Center for Freeform Optics (CeFO).  This brings a new capability to CeFO, precision glass molding. LightPath's membership in the CeFO, to work on a new three-year collaborative project on the precision molding of glass freeform optics, was enthusiastically and unanimously supported by the sixteen member industrial advisory board of the center.  The center leadership and the industrial advisory board see the low-cost precision molding of glass freeform optics, enabled by this project, as a path for bringing new freeform optical systems to the market and look forward to this new research and development partnership with LightPath.” The development of precision molded freeform optics is a key addition to the field, bringing advantages such as significant cost reduction and increase in volume. Additionally, the wide variety of established moldable glasses, many of which are unsuitable for precision machining processes, provides an increase in design flexibility and potential applications due to the assortment of available physical and optical properties. “LightPath strives to be at the forefront of the freeform revolution, joining the Center of Freeform Optics and its development of freeform technology roadmaps will accelerate time to market of these new technologies while giving LightPath an opportunity to demonstrate innovative proficiencies.” Jim Gaynor, LightPath’s President  & CEO, commented. About LightPath Technologies: LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading global, vertically integrated provider of optics, photonics and infrared solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes proprietary 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.  The Company is headquartered in Orlando, Florida, with manufacturing and sales offices in New York, Latvia and China. LightPath’s wholly-owned subsidiary ISP Optics Corporation manufactures a full range of infrared products from high performance MWIR and LWIR lenses and lens assemblies.  ISP’s infrared lens assembly product line includes athermal lens systems used in cooled and un-cooled thermal imaging cameras.  Manufacturing is performed in-house to provide precision optical components including spherical, aspherical and diffractive coated infrared lenses.  ISP’s optics processes allow it to manufacture its products from all important types of infrared materials and crystals.  Manufacturing processes include CNC grinding and CNC polishing, diamond turning, continuous and conventional polishing, optical contacting and advanced coating technologies. For more information on LightPath and its businesses, please 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. ###