Monday, November 8, 2010

PR: LIGHTPATH TECHNOLOGIES ADDS TWO NEW LENSES TO ITS LONG WAVE INFRARED CATALOG

LIGHTPATH TECHNOLOGIES ADDS TWO NEW LENSES TO ITS LONG WAVE INFRARED CATALOG

--Targets Large Addressable Markets including Homeland Security--

Orlando, FL - (November 8, 2010) - LightPath Technologies, Inc. (Nasdaq: LPTH), a global manufacturer, distributor and integrator of patented optical components and assemblies, announced today it has added two new molded infrared aspheres to its catalog of Long Wave Infrared (LWIR) lenses. These lenses are designed as the primary optics for thermal imagers or collimating lenses for Quantum Cascade Laser (QCL) used in a wide variety of applications including homeland security, firefighting, predictive maintenance and driver’s vision enhancement systems in automobiles. These infrared markets have a combined current estimated value of over $2.5 billion.

The first lens, 390021, is an extended focal length lens designed to collimate light from a QCL (a type of laser) that is enclosed in a temperature controlled housing or cryostat. The primary applications are for infrared countermeasures (IRCM) and gas sensing equipment. The second lens, 390023, is a low cost thermal imaging lens designed specifically for the low-cost thermal imaging security camera market. These new lenses are manufactured from LightPath’s Black Diamond ™ chalcogenide glass and are a less expensive substitute for high-volume, diamond-turned Germanium and Zinc Selenide optics.

“LightPath Technologies is continuing to diversify its product line for Infrared Optics with the introduction of these lenses. These new products will address the rapidly expanding QCL, thermal imaging and night vision enhancement markets,” said Jim Gaynor, CEO and President of LightPath.

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. The Company's products are used in various markets, including industrial, medical, defense, test & measurement and telecommunications. LightPath has a strong patent portfolio that has been granted or licensed within these fields. For more information, visit http://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.

GRADIUM® is a registered trademark of LightPath Technologies

Contact:

Ray Pini, Director of Marketing
LightPath Technologies, Inc.
Tel: +1-407-382-4003 x336
Email: rpini@lightpath.com
Web: www.lightpath.com

Friday, November 5, 2010

Seminar TODAY: 11.5.10 / CREOL 102 / 4-5pm / “Additive manufacturing, repair and salvage of turbo machinery components by Laser Metal Deposition”

Seminar: “Additive manufacturing, repair and salvage of turbo machinery components by Laser Metal Deposition”, Dr. Kelbassa CREOL 102 Friday, November 5, 2010 / 4:00-5:00pm

Akad. Oberrat Dr.-Ing. Ingomar Kelbassa

Vice and Academic Director, Lehrstuhl fuer Lasertechnik, RWTH Aachen University

Abstract:

Turbo machinery components such as blade integrated disks (BLISKs) and nozzle guide vanes (NGVs) made from Nickel and Titanium base alloys such as Inconel 718, Ti-6Al-4V, Ti-6246, Ti-17, Mar-M247 and CMSX-4 are predestinated for repair and salvage operations due to their high value.

Currently these components are manufactured by time and cost intensive process chains containing processing steps such as casting, forging, milling, linear friction welding, thermal spraying etc.

The laser additive manufacturing process Laser Metal Deposition (LMD) offers new effective entire process chains by decreasing the number of processing steps as well as by enabling emerging applications for specific process steps. Parts can be repaired which were formally classified as non-repairable and components can be manufactured additively by new process chain designs and new processes.

This talk addresses the pathways from feasibility studies over process developments yielding in certified processes and industrially implemented machines. For BLISK manufacturing the single blades are directly manufactured additively on the disk by LMD. The significant increase of the deposition rate combined with a near-net-shape deposition is realized by the use of up to 10 kW laser power and the first application of a newly-designed LMD head with an integrated zoom-optics. The achievable metallurgical, mechanical - static and dynamic mechanical properties - and geometrical results, the implemented process chains including CAD/CAM/NC-coupling are presented and discussed.

Biography:

Akad. Oberrat Dr.-Ing. Ingomar Kelbassa has studied mechanical engineering at RWTH Aachen University and has been working in the field of Laser Materials Processing at Fraunhofer ILT and Lehrstuhl fuer Lasertechnik (LLT), RWTH Aachen University, since 2000. His experience gained is shown by approx. 50 scientific publications. Since mid 2006 Ingomar Kelbassa is Vice and Academic director of LLT as well as he is involved in the acquisition of large-scale projects at Fraunhofer ILT.

For More Information:

Dr. Ilya Mingareev

Townes Laser Institute, CREOL

Phone: 1 (407) 823 6042

E-Mail: imingare@creol.ucf.edu

Thursday, November 4, 2010

PR: LIGHTPATH TECHNOLOGIES ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS

LIGHTPATH TECHNOLOGIES ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS

Revenues Increase 45% to $2.25 million

First Quarter Conference Call Scheduled for November 11th at 4:00 PM EST

Orlando, FL: November 4, 2010: LightPath Technologies, Inc. (NASDAQ: LPTH), (the “Company”, “LightPath” or “we”) a global manufacturer, distributor and integrator of patented optical components and assemblies, announced today its preliminary financial results for the first quarter ended September 30, 2010.

The Company reported preliminary revenue of $2.25 million for the first quarter of fiscal 2011, an increase of 45% as compared to $1.56 million for the same period of fiscal 2010. Cash as of September 30, 2010 was $1.35 million as compared to $1.46 million on June 30, 2010. Backlog scheduled to ship within the next 12 months was $3.2 million as of September 30, 2010, an increase of $236,000 as compared to backlog on June 30, 2010.

Jim Gaynor, President and CEO of LightPath stated, “The first quarter is LightPath’s slowest quarter due to the summer vacation period in Europe and a seasonally slow period for some of our core customers. Despite this business cycle we increased our revenues and backlog over the same period of last year. We believe these increases are due to our transition to new markets and customers focused on low cost, high volume products. During the first quarter, we added five new high-volume customers in strategic markets that we expect to start production, in order to fulfill their orders, over the next two quarters. While our volume was up compared to the previous year for the first quarter, it was less than planned as the result of the recent loss of two other high volume customers: one due to market conditions and the other due to non-payment for goods already shipped. Going forward we expect the new customers will more than offset the loss of these two customers.”

Gaynor continued, “We have experienced volatile and tough market conditions recently, but we remain cautiously optimistic. Even with the slight softening we are experiencing as we transition to new markets, qualify our products with new customers, and encounter the normal seasonal slowdown with our existing customers, over the long term, we anticipate strong top and bottom-line growth and the continued enhancement of shareholder value.”

LightPath will host a conference call to discuss the Company's financial and operational results for the first quarter of fiscal 2011. Details of the call are as follows:

Date: Thursday, November 11, 2010

Time: 4:00 p.m. (EST)

Dial-in Number: 1-877-407-8033

International Dial-in Number: 1-201-689-8033

Webcast available at Precision IR: http://www.precisionir.com/

Participants are recommended to dial-in approximately 5 to 10 minutes prior to the start of the call. A replay of the call will be available approximately three hours after completion through November 18, 2010. To listen to the replay, dial 1-877-660-6853 (within the U.S.) and 1-201-612-7415 (international calls), and enter account # 286 and conference ID # 359787.

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. The Company's products are used in various markets, including industrial, medical, defense, test & measurement and telecommunications. LightPath has a strong patent portfolio that has been granted or licensed to us in these fields. 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, the Company does not have any intention or obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.

GRADIUM® is a registered trademark of LightPath Technologies.

Contact: Dorothy Cipolla, CFO

LightPath Technologies, Inc.

Tel: 407-382-4003 x305

Email: dcipolla@lightpath.com

Web: http://www.lightpath.com/

Tuesday, November 2, 2010

Press Release: LIGHTPATH TECHNOLOGIES ENTERS INTO SUPPLY AGREEMENT WITH A MAJOR INFRARED CAMERA MANUFACTURER

LIGHTPATH TECHNOLOGIES ENTERS INTO SUPPLY AGREEMENT
WITH A MAJOR INFRARED CAMERA MANUFACTURER


--Expands Production of LightPath's Molded Infrared Optical Assemblies--

Orlando, FL: November 2, 2010: LightPath Technologies, Inc. (NASDAQ: LPTH), a global manufacturer, distributor and integrator of patented optical components and assemblies, announced today that it has entered into a supply agreement with a leading manufacturer of commercial and industrial vision systems, including infrared cameras used in the military, government, commercial and industrial sectors. This supply agreement is an extension of an existing business relationship between the companies.

“This expanded relationship solidifies the importance and growing market adoption of our molded infrared optical assemblies by industry leading manufacturers. By using glass molding, we are able to reduce overall system cost and increase production volumes for many products, including infrared optics and thermal imaging cameras,” said Jim Gaynor, CEO of LightPath Technologies, Inc. “Worldwide, the infrared market is valued at several billions of dollars. Our strategic supply agreement enables us to capitalize on significant sales opportunities in the thermal imaging and thermography markets.”

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. The Company's products are used in various markets, including industrial, medical, defense, test & measurement and telecommunications. LightPath has a strong patent portfolio that has been granted or licensed in these fields. For more information, visit http://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.

Contact

Ray Pini, Director of Marketing
LightPath Technologies, Inc.
Phone: +1-407-382-4003 x336
Email: rpini@lightpath.com
Web: http://www.lightpath.com/

Saturday, October 30, 2010

FREE Job Fair - Find Great Employees: VIRTUALLY Nov 17-19

NOVEMBER 17-19, 2010

The Virtual Job Fair is a 3-day
24 hour online recruiting event for showcasing your high-tech,
high-skill jobs and internships to high-caliber job seekers.


Find great employees from the privacy and convenience of your own computer.

Take full advantage of Virtual Job Fair by becoming a Featured Business Exhibitor or a Partner Sponsor! Reserve a prominent spot for your booth on our home page with high visibility to all visitors throughout the site.

How this works:

  • Employers secure the Business Exhibitor’s Package
  • Brevard Workforce promotes the job fair to job candidates
  • Candidates review job fair listings and post their resumes online at www.virtualjobfairFL.com
  • Employers monitor and review postings

Business Exhibitor
Booth Registration
Deadline:

Nov. 16, 2010


WHAT IS INCLUDED?

In your FREE Virtual
Job Fair Package:

  • Virtual booth with space for your company logo
  • Unlimited job postings
  • Business profile
  • Access to all resumes collected at the fair
  • Customer and technical support (during normal business hours)
  • There is no cost for businesses to participate



Maximize Your Exposure

Sponsorships and featured
business slots available

Contact us for additional
information:
321-394-0583
vjfinfo@brevardworkforce.com

Programs funded through Brevard Workforce are
equal opportunity programs with auxiliary aids and services upon request to individuals with disabilities.
TTY/TDD 1-800-955-8771. Voice 1-800-955-8770.

SID Student Chapter Seminar: 11.10.10 / CREOL 102 / 11-12pm/ “e-Paper Technology and Future Development“, Dr. Janglin Chen

SID Student Chapter Seminar: “e-Paper Technology and Future
Development“, Dr. Janglin Chen
CREOL102
Wednesday, November 10, 2010 / 11-12pm

Dr. Janglin (John) Chen
Vice President & General Director
Display Technology Center
Industrial Technology Research Institute

Abstract:
Electronic paper (e-Paper) has drawn much attention for its promise to
curb the overuse of paper, such as printed matters, and office
documents, etc. The one important feature of e-Paper displays is that
they do not require backlight to operate, providing a power saving,
paper-like reading experience. Also, their bi-stability enables zero
power consumption for still image display.

To meet the future needs for digital life style and for ‘greener’
display panels, ITRI has focused research on flexible display
technologies. For digital life, flexible EPD, OLED will address the
portability, while flexible touch is to enhance user-friendly interface.
For ‘green panel,’ large-area, roll-to-roll processable Ch-LCD will
deliver power saving, material and cost advantages.

Biography:
Dr. Janglin (John) Chen is a Vice President of Industrial Technology
Research Institute (ITRI) in Taiwan, and the General Director of
ITRI’s Display Technology Center. Prior to Joining ITRI, Dr. Chen
was a Research Fellow of Eastman Kodak Company in Rochester, New York,
where he held many R&D managerial positions from 1982 to 2006, and is
the author of sixty technical articles, and 33 issued US Patents. A
native of Taiwan, Dr. Chen holds a Bachelor degree from Tsing Hua
University, a Ph.D. degree from Polytechnic University in Brooklyn, New
York, and is a graduate of Stanford Executive Program, Graduate School
of Business, Stanford University.

For More Information:
Linghui Rao - SID Chair
CREOL 283
407-823-6876
lrao@creol.ucf.edu