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LightPath Technologies Enters Into Supply Agreement for IR Thermal Sensing Program
Large Purchase Order Received for Thermal Imaging Product for Consumer Market ApplicationORLANDO, FL / ACCESSWIRE / February 21, 2020 / LightPath
About this update from Lightpath Technologies, Inc.
[{"type":"text","content":"Large Purchase Order Received for Thermal Imaging Product for Consumer Market ApplicationORLANDO, FL / ACCESSWIRE / February 21, 2020 / 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, today announced it has won a $1.14 million purchase order for 2.7mm focal length thermal imaging lens assemblies from a well-known technology integrator and original equipment manufacturer (\"OEM\") in East Asia and its partnership in the European Union.Jim Gaynor, LightPath's President & CEO, stated, \"This contract win is an example of how LightPath is using its advanced technologies and manufacturing capabilities to differentiate itself from the competition in the emerging and fast-growing market for thermal imaging sensors.\"The 2.7mm focal length lens is a catalog solution adaptable to a variety of long-wave infrared (\"LWIR\") thermal sensing applications. It utilizes several of LightPath's vertically integrated in-house capabilities, such as: 1) state-of-the-art precision glass molding that enables aspheric performance with tight tolerances; 2) high-efficiency anti-reflective (\"AR\") coatings; and, 3) LightPath's BD6 (chalcogenide) glass material, which offers optical athermalization and high transmission over a wide range of temperatures. LightPath is expected to start monthly deliveries in April of 2020 and fulfill the agreement ratably over 12 months, with production managed from the Company's facilities in China.LightPath continues to increase its offerings of thermal imaging lenses with a broad range of focal lengths to enable applications such as monitoring solutions for health care markets, smart homes and businesses, firefighting, security and surveillance, military target tracking and situational awareness, outdoor sporting equipment, industrial thermography, and many other emerging applications.About LightPath Technologies LightPath Technologies, Inc. (NASDAQ:LPTH) is a leading global, vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries. LightPath designs, manufactures, and distributes proprietary optical and infrared components includ...