Slide 1: LightPath Company Overview
Exhibit 99.1 LightPath Company Overview Communications Medical Industrial Instrumentation Aerospace Defense Focused on Optical Solutions November 2007
Slide 2: Company History
Company History • 1985—Integrated Solar Technologies Corp., formed in Taos to improve solar energy technology – led to first proprietary product, Gradium glass • 1989—ISTC changed its name to LightPath Technologies • 1996—LightPath goes public (NASDAQ: LPTH) Albuquerque, NM Products: GRADIUM lenses
Slide 3: Overview
Overview • Publicly traded since Feb 1996 (NASDAQ: LPTH) • Presently 87 Employees USA, 104 Employees China • Headquartered in Orlando Florida • Sales Locations Orlando, FL Little Falls, NJ Huntsville, AL San Diego, CA Lannion, France Shanghai, China • Distributors & Representatives in Europe, Japan,
Slide 4: LPTH Covers the world
LPTH Covers the world LPTH Mfg Shanghai China LPTH Mfg Orlando Florida Direct Sales East USA Direct Sales West USA Direct Sales Central USA Direct Sales China Direct Sales Europe, France = LPTH Reps and Distributors LPTH Covers the world
Slide 5: Corporate Headquarters
Corporate Headquarters Orlando, Florida • Facility totals 40,000 square feet • 10,000 square feet of clean room • ISO 9001-2000 Registered • Products • Precision Glass Molded Optics • Black Diamond Infrared Glass Optics • Gradium(®)Optics • Collimators • Isolators • Aspheric Glass Lens Array • Tradi
Slide 6: Our New Facility
Our New Facility LightPath Optical Instrumentation (Shanghai) Co., Ltd • Facility totals 17,000 square feet • 7,000 square feet of clean room • 6,000 square feet Gray Lab • ISO 9001-2000 Registered • Products • Precision Glass Molded Optics • Isolators • Optical Imaging Assemblies
Slide 7: Environmentally-Friendly
Environmentally-Friendly Eco-Aspheres and Isolators • European RoHS Directive goes into Effect July 1(st), 2006 • Banned Substances • Lead, Mercury, Cadmium, Chromium, PBB, PBDE • LightPath Isolators Already Comply with Regulation • LightPath Aspheric Lenses in production with New Lead-Free Glass (E
Slide 8: Quality
Quality QUALITY MANAGEMENT SYSTEM • ISO 9001:2000 Re-Registered in December 2004-Orlando • ISO 9001:2000 Registered in September 2006-Shanghai • Current products in ISO System: • Precision Molded Aspheres • Gradium Lenses • Large Beam Collimators • Isolator Inspection and Manufacturing procedures •
Slide 9: Our Product position
Our Product position At the most basic component level form typical Optical systems are made up of 3 groups— Making Light, Managing/Processing Light and Measuring Light. LightPath addresses a major portion of managing light. We are experts in the optical portion of managing light---—we do not addres
Slide 10: Precision Molded Aspheric Glass Optics
Precision Molded Aspheric Glass Optics • Aspheric Lenses • ECO550—Lead-Free Glass • Aspheric Lens Arrays • C0550 • TxAspheres • D-ZK3 • Hybrid Lenses • PBH71 • CircuLight™ • Chalcogenide – IR Glass • Black Diamond™ • Radiation Hardened Glasses • LightPath’s glass molding technology was originally ac
Slide 11: Standard Product—Aspheric Lenses
Standard Product—Aspheric Lenses • Lens Diameters from 200µm to 15mm • Over 40 designs in stock • Numerical Apertures up to 0.85 • AR Coatings with Reflection <0.15 % per surface • Diffraction Limited Performance • Integrated Metallic Structure and Optics • Hybrid Lens / Diffractive on Refractive Pr
Slide 12: Custom Aspheric Lenses
Custom Aspheric Lenses • Lens Diameters from 100µm to 25mm • Numerical Apertures up to 0.85 • Custom AR coatings • Variety of glasses for different designs and applications • Delivery typically less than 10 weeks • LightPath will design or co-design with customer • Customer approval of design packag
Slide 13: Molded LWIR/MWIR Aspheric Lenses
Molded LWIR/MWIR Aspheric Lenses Black Diamond™ LWIR Aspheres Key Facts • Wavelength Range of glasses 1 – 14µm • Diameter up to 25mm currently • Aspheric Lenses Reduce the Lens Component Count in System • Molded Optics Improved reproducibility lens to lens • Diffractive Features for Thermal Compensa
Slide 14: Other products
Other products Lightpath Fusion tm Advantage Competitors Fiber Delivery Technology Lightpath’s patented Fusion tm Technology Angle Cleaved Fober Ferrule Fiber 1.25mm AR coated Silica Rod Ferrule GRADIUM(®)Optics • Axial Gradient Index • 5mm – 100mm O.D. • Aspherical performance utilizing spherical m
Slide 15: Market Transition Strategy
Market Transition Strategy Yesterday Domestic Custom Laser Focus Lens Primarily Telecom $100 M TAM $ 20 M SAM Low Volume Today International Precision Laser Focus Lens Diversified Market $250 M TAM $ 50 M SAM Low Volume Tomorrow World Wide Commercial Laser & Imaging Broad Market $1,000 M TAM $ 800 M
Slide 16: Glass Asphere World Market
Glass Asphere World Market Imaging imaging imaging Imaging cell phone still other imaging Non-imaging imaging imaging 13,463,000,17,000,000 153,000,000 Still camere Other imaging Laser- Non imaging Cell phone 740,000,000 Lightpath currently produces non-imaging aspheres
Slide 17: Laser vs. Imaging Requirements
Laser vs. Imaging Requirements Laser requirements • Small spot size • Excellent wavefront quality • High numerical aperture • Low divergence • Low M(2)(beam quality) • Appropriate magnification (finite conjugate) • Compact form factor • Good cosmetic quality (scratch / dig) • Low reflectivity AR coa
Slide 18: LightPath Is Vertically Integrated
LightPath Is Vertically Integrated Background • Purchased Corning Glass’ Precision Glass Molding (PMO) assets and patents in 1994 • Over 20 years of research and development including over 15 patents • Internally produced manufacturing tooling and molding equipment Vertically Integrated • Design and
Slide 19: Cost Drivers
Cost Drivers Yesterday Labor-—USA Press-—Glove Box Holders-—Outsourced Tooling-—Soft Glass-—CO550 Coating-—Small runs Today Labor-—China Press-—New Viper Holders-—In House Tooling-—Soft Glass-—ECO550 Coating-—Small runs Tomorrow Labor-—China Press-—New Viper Holders-—In House Tooling-—Hard Glass-—Lo
Slide 20: An order of magnitude
An order of magnitude 10x Historical Orlando Current Orlando Current Shanghai Proposed Shanghai Coating overhead/Tooling Holders Material Labor Labor USA USA China China Press Glove Box New Viper New Viper New Viper Holder Outsourced In House In House In House Tooling Soft Soft Soft Hard Glass CO550
Slide 21: Air Station
Air Station LightPath Original Manual Air Press Station Limited to specific glass capability
Slide 22: Glove Box Station
Glove Box Station LightPath 1st generation atmospheric press station Limited operator mobility
Slide 23: Viper Atmospheric press Station
Viper Atmospheric press Station LightPath’s 2(nd)generation Viper atmospheric press station Multiple glass type capability, computer controlled and easy operator access A truly Flexible system
Slide 24: Viper Atmospheric press Station
Viper Atmospheric press Station Viper in full operation in LightPath’s Shanghai facility Flexible, sophisticated capability for demanding high volume, low cost molded glass aspheric applications in production now
Slide 25: Summary
Summary LightPath is a leader in Molded Glass Aspheric Lenses • Vertically integrated • Over 20 years optics industry experience • The first molded glass aspheric company in China • LightPath technology is scaleable to millions of lenses/month • Experience servicing Top Tier accounts • LightPath is