Business
LightPath Technologies Acquires Amorphous Materials, Inc.
LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced it has acquired the assets of Amorphous Materials, Inc., ("AMI") an industrial manufacturer with complementary Chalcogenide glass melting technologies, in particular for large diameter optics, purchased for aggregate consideration of $7.0 million in cash, with the potential for up t
About this update from Lightpath Technologies, Inc.
[{"type":"text","content":"Strategic Purchase to Add Proprietary Large Diameter Glass Melting Technology of Chalcogenide Glass","length":104,"tagName":"p","attribs":{}},{"type":"text","content":"ORLANDO, Fla., Jan. 20, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced it has acquired the assets of Amorphous Materials, Inc., ("AMI") an industrial manufacturer with complementary Chalcogenide glass melting technologies, in particular for large diameter optics, purchased for aggregate consideration of $7.0 million in cash, with the potential for up to $3 million of additional technical milestone-based equity consideration.","length":669,"tagName":"p"},{"type":"image","alt":"logo (PRNewsfoto/LightPath Technologies)","displaySize":"","headline":null,"caption":"logo (PRNewsfoto/LightPath Technologies)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":92,"url":"https://media.zenfs.com/en/prnewswire.com/34db32ca364fc77007fc7bd240be8395"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8.VfyFj5jnjZLAKnAMNgIQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/34db32ca364fc77007fc7bd240be8395","width":400,"height":92}},"href":"https://mma.prnewswire.com/media/2510046/LightPath_Technologies_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Key Transaction Highlights","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Acquisition accelerates execution of strategic vision to become a leading vertically integrated infrared imaging ("IR") solutions provider in the $9B infrared imaging market","length":183,"tagName":"p"}]},{"val":[{"type":"text","content":"AMI is a 50+ year-old company with a strong reputation, founded by Dr. Ray Hilton Sr., who was considered one of the pioneers in commercializing Chalcogenide glass","length":163,"tagName":"p"}]},{"val":[{"type":"text","content":"Adds incremental AMI glass melting technology, which melts high-grade glass as large diameter plates, critical for large optics, and in particular for space programs","length":165,"tagName":"p"}]},{"val":[{"typ...