LightPath Technologies Receives $11 Million Follow-on Order for Infrared Cameras from Leading Global Technology Customer

About this update from Lightpath Technologies, Inc.

Repeat order supports C-UAS applications and includes the planned transition from Germanium-based optics to LightPath's proprietary BlackDiamond™ materials over the course of the program ORLANDO, Fla., July 15, 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 received a $11 million follow-on purchase order for infrared ("IR") cameras from a leading global technology customer for use in counter-UAS ("C-UAS") applications. The purchase order is subject to the customer's standard terms and conditions and the terms of an agreement between LightPath and the customer. The order is a follow-on to the Company's previously announced purchase orders with this leading global technology customer and reflects the continued strength of the relationship as well as growing demand for LightPath's infrared camera systems in public safety and defense markets. LightPath Chief Executive Officer Sam Rubin said: "This follow-on order reflects the deepening relationship with one of our most significant customers and the expanding role of our infrared camera systems in public safety applications, where reliability and performance are mission-critical. It further highlights the growing pipeline of meaningful orders we are securing as customers seek superior products supported by secure, domestic supply chains. "Importantly, we expect to transition this customer from Germanium-based optics to our proprietary BlackDiamond™ materials over the course of this program. As a domestically produced, non-Germanium alternative, BlackDiamond™ helps customers secure their supply chains amid tightening export restrictions on Germanium, while supporting our continued transition toward higher-value, vertically integrated camera solutions and the higher revenue and gross margins that accompany it," concluded Rubin. About LightPath Technologies LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.

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