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LightPath Technologies Provides Quarterly Update on Infrared Initiatives
Date:10/31/2012

core manufacturing techniques and resources are now in place with significant improvements having been made in the protective coatings for the lenses. As the cost reductions are developed from this work, they are being implemented into LightPath's proprietary process.

Jim Gaynor, President and Chief Executive Officer of LightPath, commented, "We are excited by the growing acceptance of the infrared products we offer as we continue to successfully penetrate this $150 million addressable market serving a diverse customer base. In particular, we see our infrared business being driven by demand for our quantum cascade laser lenses, with interest from customers in various subsectors, such as infrared countermeasures, gas analysis and spectroscopy."

About LightPath TechnologiesLightPath 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 and measurement and telecommunications. LightPath has a strong patent portfolio that has been granted or licensed to it in these fields. For more information visit www.lightpath.com.

Forward-Looking StatementsThis 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 ar
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SOURCE LightPath Technologies, Inc.
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