LightPath Will Supply Fiber Beam Delivery Systems to Aerospace Leader
January 09 2006 - 8:00AM
PR Newswire (US)
LightPath Technologies Signs Three-Year Assured Supply Agreement
With Ball Aerospace & Technologies Corp. ORLANDO, Fla., Jan. 9
/PRNewswire-FirstCall/ -- LightPath Technologies, Inc.
(NASDAQ:LPTH) recently signed a three-year assured supply agreement
with Ball Aerospace & Technologies Corp. (NYSE:BLL). Ball
Aerospace is a global leader, providing advanced imaging,
communications, and information solutions to the government and
commercial aerospace markets. The agreement gives Ball the
assurance of supply for fiber delivery systems used in laser
delivery applications. LightPath provides fiber delivery systems to
a number of defense and aerospace applications requiring high
reliability and the capability to handle many watts of energy.
LightPath's patented Fusion(TM) products significantly reduce the
power density levels normally associated with high power laser
systems. "LightPath is pleased to be selected by Ball Aerospace
& Technologies Corp. They are a well-recognized company with
exceptional heritage in the aerospace field, said Ken Brizel, CEO
and President of LightPath. "The 'Fusion' products provide such a
unique capability to our customers, and it is finding great
acceptance in many extremely demanding applications." LightPath
manufactures optical products, including precision molded aspheric
optics, GRADIUM(R) glass products, proprietary collimator
assemblies, laser components utilizing proprietary automation
technology, optical assemblies and packing solutions. LightPath has
a strong patent portfolio that has been granted or licensed to us
in these fields. LightPath common stock trades on the Nasdaq
SmallCap Market under the symbol "LPTH." Investors are encouraged
to go to LightPath's website for additional financial information.
Contacts: Edward Patton Vice President Marketing LightPath
Technologies, Inc. (407) 382-4003 Internet:
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.
DATASOURCE: LightPath Technologies, Inc. CONTACT: Edward Patton,
Vice President Marketing, LightPath Technologies, Inc.,
+1-407-382-4003 Web site: http://www.lightpath.com/
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