stocktowatch
3月前
$LPTH News - LightPath Technologies Awarded Phase 2 Funding in U.S. Defense Department Partnership to Qualify Additional Germanium Substitutes
Strategic Defense Partnership Follows Successful Phase 1 Qualification of Additional LightPath Proprietary BlackDiamond™ Material Variants
ORLANDO, Fla., Oct. 3, 2024 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading global, vertically integrated provider of thermal imaging cores, custom optical assemblies, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries, today announced the U.S. Department of Defense ("DoD") via the Defense Logistics Agency, Strategic Materials ("DLA") has awarded Phase 2 funding to support the qualification of additional LightPath Black Diamond ("BD") chalcogenide glasses as substitute to germanium.
Qualification is a process in which suppliers demonstrate that their materials meet the required specifications and performance standards (MRL, Material Readiness Level) set by the DLA for use in defense applications. DLA qualification funding is made in two phases. The first phase of $250,000, which commenced in July 2023, was earmarked explicitly for 3 of LightPath's proprietary Black Diamond glasses, licensed exclusively from the US Naval Research Laboratories (NRL) as a substitute for Germanium. In this phase, LightPath completed qualification of new materials, which are now designed into several programs of record, and have completely replaced Germanium in those programs.
https://finance.yahoo.com/news/lightpath-technologies-awarded-phase-2-123100118.html
stocktowatch
3月前
Our Lockheed Martin Project – this is the biggest opportunity LightPath ever had and is completely transformative to us. We are designing a system for a new Lockheed Martin missile. Currently in development, might have a decision on production as early as sep 2025. If Lockheed wins this project, our revenue from this is going to be between $50M to $100M a year!!
Our three pillars of growth: our growth now is driven by three areas, which are independent of each other. Defense business, camera sales, and automotive. Each one of those three pillars bring multiple opportunities that have the potential to be tens of millions of dollars of annual revenue (like the Lockheed Martin one)
Our transformation over the last few years. LightPath was a company making components at dollars a piece, and now makes cameras that sell for as much as $30K a piece. Huge transformation
Automotive: US NHTSA (National Highway Traffic Safety Administration part of DoT) set a new rule that by 2029 ALL new cars must have emergency braking systems that can operate in total darkness. This means Thermal imaging will be used. LightPath has already been qualified by one car manufacturer to supply those, and is working with others
stocktowatch
3月前
$LPTH New Line of High ASP Mantis Cameras to Provide an Important Tool for Greenhouse Gas Emissions Minimization in Power Plants
ORLANDO, FL / ACCESSWIRE / September 12, 2024 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, today announced the global launch of a new version of the Mantis™ camera, specifically designed for monitoring high-temperature processes inside boilers and furnaces in power plants, and first commercial order for furnace inspection at a customer in southeastern US. The Mantis Camera technology platform reflects LightPath's transformation from being a component-level manufacturing company to a product solutions company leveraging the transformational capabilities of its optical technologies.https://finance.yahoo.com/news/lightpath-launches-next-gen-mantis-123000011.html
subslover
1年前
Nice News = NEWS
LightPath Announces Initial $4.7m Order from Lockheed Martin
ORLANDO, FL / ACCESSWIRE / December 11, 2023 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, announced that the Company has received a phase I order to develop an advanced infrared camera system for a key Army program (or the "Program"). The Company has received the phase one order from Lockheed Martin Missiles & Fire Control of $4.7 million as part of the Program announced in September.
The initial phase one order is for development and initial prototypes of an advanced thermal camera system to be delivered over the next 12 to 24 months. Positive results of the phase one development will result in a phase two order valued at approximately $3 million. The decision to move the Program to production is expected in 2026, at which point an initial production of 10,000 systems will commence. A fully in-production program would likely have average selling prices of between $5,000 and $10,000 per system, for LightPath's contribution, and significant follow-on orders after the initial 10,000 systems.
LightPath's President and CEO, Sam Rubin commented, "Winning this program of record is a major milestone in the successful implementation of our strategy. Over the last three years LightPath has been pivoting from a pure components manufacturer to leveraging its key technologies and capabilities to becoming an imaging solutions provider. Winning a major program of record, in which we will provide a complete imaging solution, is where we have been aiming and aspiring. Production of these systems will be done in our newly expanded Orlando manufacturing facility.
"Our business is currently driven by three independent pillars of growth: camera solutions, defense, and new applications such as automotive. In each of those pillars of growth we have multiple opportunities that are potentially in the order of tens of millions of dollars per year. Today one of those opportunities is moving forward and we look forward to announcing more such programs in the near future."
Mr. Rubin concluded: "I would like to congratulate the entire LightPath team on this successful implementation of our strategy and on this very important step achieved."
About LightPath Technologies:
tigerpac
4年前
The Wainwright coverage at $5.50 gave folks the perfect cover to sell their shares.
LightPath initiated with a Buy at H.C. Wainwright; tgt $5.50
3:45 PM ET, 02/23/2021 - Briefing.com
. H.C. Wainwright initiates LPTH with a Buy and price target of $5.50. Analyst Scott Buck said, "The company, headquartered in Orlando, Florida, designs, develops, and manufacturers optical and infrared lenses and optical assemblies for use in a wide variety of industries including medical, defense, and telecommunication fields. While the global market for optical equipment is highly competitive and highly fragmented, LightPath's optical design engineering expertise, low-cost structure and global footprint position the business to benefit from increasing capacity and industry tailwinds driving both revenue growth and margin expansion."