Encouraging News From LightPath Technologies
February 18, 2010

– From “Vassalotti’s View”, by Gary Vassalotti, LIFA –

This Tuesday, February 16th, LightPath Technologies, Inc. (NASDAQ: LPTH) filed an 8-K with the SEC detailing a press release about its order experience with its line of asphere of lenses. The company had been optimistic about the prospects for market growth and sales growth for the product line itself, however, the press release mentioned that open orders total $1.8mm and that they are expected to grow 25% over the next few quarters — exceeding previous projections

Jim Gaynor, LightPath CEO, mentioned that the company has experienced a year of volume growth, as the manufacturers have seen the value of the asphereic molded lenses over the standard multiple lens setup currently dominating the industry. The company is currently providing lenses to four manufacturers, and has qualified to supply a fifth.

For a small firm such as LightPath this type of sales and market growth, when properly managed, can have a huge impact on the bottom line and stock price.

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