Feb 20 2010
Orlando, FL. LightPath Technologies, Inc. (NASDAQ: LPTH - News), is seeing increasing demand in the strategic market of molded aspheres for consumer and industrial laser tools. Current open orders for these products are valued over $1.8M with more than 25% growth anticipated over the next several quarters.
After a year of volume production shipments to multiple OEM manufacturers, the acceptance
of molded aspheres as a replacement for spherical doublets and triplets has surpassed LightPath’s initial expectations. Molded aspheric lenses are being adopted because
they provide a cost savings and are easier to assemble over traditional high volume
spherical doublet and triplet lenses without sacrificing performance.
Jim Gaynor, the CEO of LightPath Technologies, commented, “The success of our laser
tool line of aspheric lenses is a demonstration of our capabilities in providing a low cost
platform for the manufacture of high precision glass molded aspheric lenses. We are
currently providing lenses to four major OEM producers and several smaller
manufacturers and have been qualified by a fifth major OEM. We anticipate continued
growth in this multi-million dollar market segment going forward and continued
production increases over the next several quarters.”
Mr. Gaynor continued, “LightPath Technologies has been successful in its continuing
strategy of improving its cost structure and capturing high volume lens applications. The
increasing acceptance of our lenses in the industrial laser tools market segment shows
the value in LightPath’s improved manufacturing methods and an increased presence in
the Asian markets. ”
Source: http://www.lightpath.com/