From LightPath Technologies CEO, Jim Gaynor:
Dear Valued Customer,
Great news for you! We are pleased to announce that LightPath has completed the agreement to acquire ISP Optics Corporation (“ISP”).
This acquisition expands the scope of both companies, adds geographic diversity, expanded capabilities and scale which allows us to grow while continuing to offer premier precision molded optics in the visible and Infrared spectrum and focus on providing all our customers with the best photonics solutions available.
Headquartered in Orlando, Florida and with major manufacturing operations in China, LightPath is a recognized leader in optics and photonics solutions, serving blue chip customers in the industrial, defense, telecommunications, testing and measurement, and medical industries, for over 30 years.
- Generates significant synergies through cross-selling of products, expanded product offerings, greater production and assembly capabilities as well as material processing capabilities.
- Combines two fast-growing high technology optical product pioneers to establish a premier, global, leading-edge industrial technology company.
- Combines LightPath’s high-volume molding technology with ISP’s high-value diamond turning, coatings and polishing capabilities to create a paramount solutions provider.
- The ISP business broadens LightPath’s global customer base significantly with nominal overlap.
- Expands LightPath’s market reach to include major operations in Asia, North America and now Europe with ISP’s Latvian operation.
ISP will be a wholly-owned subsidiary of LightPath.
About LightPath Technologies
LightPath Technologies, Inc. (NASDAQ: LPTH) provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM® lenses. LightPath also offers custom optical assemblies, including full engineering design support. For more information, visit www.lightpath.com.
We look forward to partnering with you on your next optical project. Thank you for your continued patronage.
Did you know that ISP Optics has been diamond turning lenses and mirrors since 2001? Over the last decade and a half we have fabricated many thousands of sphere’s, asphere’s, diffractives and mirrors for our satisfied customers.
Over the past 12 months, due to high demand, we have made major expansions in our diamond turning department by nearly doubling our capacity with the addition of three new diamond turning machines. Our diamond turning department now consists of eight diamond turning machines from both Moore Nanotechnology and Precitech. This makes ISP Optics one of the most diverse and agile DT operations in the world and allows for us to provide fast, high quality solutions for our customers. ISP Optics also has state of the art metrology equipment from Zygo and Taylor Hobson all within our temperature controlled facility. Our skilled team of diamond turning engineers and technicians has over 100 years of combined experience which gives us the ability to meet the most challenging customer requirements and specifications.
When it comes to the diversity of infrared materials and the scale of production orders, from prototyping to high volume, ISP Optics has one of the most versatile operations in the photonics industry. Our unique diamond turning capability extends to nearly every material that transmits in the infrared, including standard IR materials like silicon, germanium and zinc selenide. ISP Optics also works with not so common materials like chalcogenide glasses such as IG6 or Amtir. Even various plastics like PMMA or Zeonex are diamond turned at ISP. KRS-5 and CdTe aspheres are manufactured using specially developed processes and techniques along with dedicated safety equipment. ISP Optics also works with non-ferrous metals such as nickel plated substrates, aluminum and copper parts to make high quality mirror surfaces.
ISP Optics diamond turned components can be found in such applications as UAV gimbals, commercial and military thermal imaging devices, handheld FTIR cameras, IR telescopes and other cutting edge projects including an intraocular contact lens to help treat age related macular degeneration.
If you have any questions about our diamond turning capabilities or if you have any aspheric or diffractive surfaces you like us to diamond turn, please call as at 914-591-3070 or email us at email@example.com
2015 ISP Optics lenses have once again made the news. ISP Optics, working with Joe Ford (University of Southern California) and Eric Tremblay (EPFL Switzerland), have produced an intraocular contact lens to improve the sight of people with age-related macular degeneration, the third leading cause of blindness globally. ISP Optics has been working with UCSD since 2008 on the continual development of these special lenses and looks forward to continuing this groundbreaking work with Joe and Eric. Read more about this innovative technology in CNN article
2014 As a continuing effort to vertically integrate the manufacturing capabilities of ISP Optics Corporation, the brand new DLC (Diamond-like Carbon) coating system was installed in April 2014. The coating system is now fully operational for production.
New DLC Coating System (Plasma Enhanced Chemical Vapor Deposition) provides the ultimate hardness and durability to protect exterior surfaces of Infrared optical elements in harsh environments. The advantages of DLC protective film are: wear and abrasion resistance, anti-reflection from SWIR to LWIR, resistivity to atmospheric corrosion and marine environment. These are crucial requirements to operate IR optics in the field.
ISP Optics offers DLC protective coatings on Germanium optics (for LWIR) and Silicon optics (for MWIR) as standard coatings. To find out more about ISP’s DLC protective coatings please click here.
2013 ISP Optics is celebrating 20 years of providing quality products and services to the photonics industry and we take this opportunity to thank our customers and our team. ISP Optics grew and prospered because our customers afforded us the opportunity and extended loyal support over the years and our team's contributions. Your products requirements, new technologies, new applications and our "listening" to you steered us in the forward direction. On April 5th we honored our long-time employees and celebrated their contribution to our growth and success.
With these investments ISP Optics can further support the expanded product lines including advanced zoom lens assemblies, opto-mechanical sub assemblies and MTF testing services
- MTF station supporting IR Assembly calibration and testing.
- Non-Contact Surface Profilometer. Taylor Hobson, Talysurf.
- Coating laboratory expansion:
- adding yet another 45" Box Coater with 6 crystal monitors
- multiple E-Beam guns supporting high volume production and large optics.
- Moore Nanotechnology Systems - Ultra-Precision Diamond-Turning Lathe.
Effective Friday, September 24th our new address will be:
50 South Buckhout Street, Irvington, NY 10533
Telephone, Email and Fax are un-changed
We look forward to serving our customers and providing great service.II Opticorp Inc., of Chelmsford, MA , a provider of high quality infrared optical coatings. The DAK Group, an Investment Banking firm headquartered in Rochelle Park, NJ, served as financial advisor to ISP Optics In combining the expertise and technology of these two leading edge optical companies, ISP Optics continues its vertical integration in the infrared industry, striving to provide its customers with complete infrared optics solutions. David Smith, the owner of Opticorp Inc., will continue as the manager of coating operations for ISP Optics. Mr.Smith stated: “We are very enthusiastic about our new relationship with ISP Optics. We have been providing optical coatings to ISP Optics for many years, and the quality of their optics and the knowledge of their staff has always been first rate. Our combined experience in optical fabrication, diamond turning, and optical coatings will allow ISP Optics to provide a streamlined experience for our customers, allowing us to provide quality and performance in less time." Joseph Menaker, President of ISP Optics was pleased to announce the acquisition: “It is very exciting to welcome on board the extremely capable, devoted and experienced group of people from Opticorp. We have been doing business with Opticorp for many years, during which time they have always delivered high quality and reliable coatings to us. We are certain that the addition of Opticorp will open new strategic venues for ISP Optics and enhance our product offering to our customers.” WIYN MISSION Spinning Star was published in August 2007 issue of Photonics Spectra.