New OGI Camera Detects Fugitive Ammonia and
Sulfur Hexafluoride (SF6) Emissions at Industrial and Manufacturing
Facilities
Non-Germanium Based Solution Insulates
LightPath Customers from China's
Recent Ban on Germanium Exports to the
United States
ORLANDO,
Fla., Dec. 5, 2024 /PRNewswire/
-- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath,"
the "Company," or "we"), a leading provider of next-generation
optics and imaging systems for both defense and commercial
applications, today announced a new version of its Optical Gas
Imaging ("OGI") camera platform to detect fugitive ammonia and
sulfur hexafluoride (SF6) emissions for industrial and
manufacturing applications.
LightPath's recently launched OGI Camera platform is a
specialized technology utilizing infrared (IR) cameras to detect
and visualize emissions, in this case the detection of ammonia and
SF6. OGI cameras are capable of visualizing gases that are
invisible to the naked eye by detecting the infrared energy
absorbed or emitted by the gases. LightPath's purpose-built OGI
camera leverages a proprietary non-germanium BlackDiamond™ BD6 lens
to improve upon current technologies by offering a cost-effective,
higher sensitivity and ultimately more effective solution that
concurrently insulates LightPath customers from the geopolitical
supply chain issues plaguing competing Germanium based solutions –
such as China's recent ban on the
export of Germanium to the United
States.
SF6 is a colorless, odorless, non-flammable, and non-toxic gas,
but with a 23,500 times greater global warming potential than CO2.
SF6 is used in the electrical industry as a gaseous dielectric
medium for electrical equipment and power systems, as well as in
medical, semiconductor and other industrial industries. Ammonia is
used in food and beverage manufacturing, metal and plastics
fabrication, and the energy and chemical industries.
"Building on our oil and gas application OGI Camera, our newest
variant expands our market potential into additional industrial and
manufacturing applications," said Sam
Rubin, President and Chief Executive Officer of LightPath.
"This version will help detect SF6, the most potent greenhouse gas
known to-date, and ammonia, which is also harmful when released
into the environment. Managing gas emissions is critical for
operations and are controlled by a variety of federal, state and
local regulations – making OGI cameras an essential compliance
tool. To meet these requirements, a wide spectrum of industries are
seeking solutions that are cost effective, highly sensitive, and
don't require the use of a proprietary software.
"With China's recently announced ban on the export of Germanium
to the United States, it's more
important than ever for U.S. companies to evaluate non-Germanium
solutions for optics and imaging systems of all kinds. In this
case, our OGI purpose-built camera with a non-germanium lens
improves on current emissions detection technology, satisfies
regulatory requirements for our clients, and provides an economical
tool for multiple applications while ensuring supply chain
security," 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, Latvia and China. To learn more, please visit
www.lightpath.com.
Forward-Looking Statements
This press release includes statements that constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as "forecast," "guidance," "plan," "estimate," "will,"
"would," "project," "maintain," "intend," "expect," "anticipate,"
"prospect," "strategy," "future," "likely," "may," "should,"
"believe," "continue," "opportunity," "potential," and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements are based on information available at
the time the statements are made and/or management's good faith
belief as of that time with respect to future events and are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed in or suggested by the
forward-looking statements. Factors that could cause or contribute
to such differences include, but are not limited to, the impact of
varying demand for the Company products; the ability of the Company
to obtain needed raw materials and components from its suppliers;
actions governments, businesses, and individuals take in response
to the pandemic, including restrictions on onsite commercial
interactions; general economic uncertainty in key global markets
and a worsening of global economic conditions or low levels of
economic growth; geopolitical tensions, the Russian-Ukraine
conflict, and the Hamas/Israel
war; the effects of steps that the Company could take to reduce
operating costs; the inability of the Company to sustain profitable
sales growth, convert inventory to cash, or reduce its costs to
maintain competitive prices for its products; circumstances or
developments that may make the Company unable to implement or
realize the anticipated benefits, or that may increase the costs,
of its current and planned business initiatives; and those factors
detailed by LightPath Technologies, Inc. in its public filings with
the Securities and Exchange Commission, including its Annual Report
on Form 10-K and Quarterly Reports on 10-Q. Should one or more of
these risks, uncertainties, or facts materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or anticipated by the
forward-looking statements contained herein. Accordingly, you are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made.
Forward-looking statements should not be read as a guarantee of
future performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Except as required under the federal
securities laws and the rules and regulations of the Securities and
Exchange Commission, we do not have any intention or obligation to
update publicly any forward-looking statements, whether as a result
of new information, future events, or otherwise.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lightpath-technologies-introduces-new-optical-gas-imaging-camera-for-ammonia-and-sf6-detection-302324317.html
SOURCE LightPath Technologies