ORLANDO, FL / ACCESSWIRE / July 14, 2021 / LightPath Technologies, Inc. (NASDAQ:LPTH) (“LightPath,” the “Company,” or “we”), a leading vertically-integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, and RP Optical Lab Ltd. from Israel are pleased to announce the launch of a joint development project to develop Thermal Imaging Cameras with optics based on LightPath’s proprietary BD6 material for space applications. The project is a joint development effort between LightPath and RP Optical Lab with support from the University of Central Florida’s Center for Research and Education in Optics and Lasers (CREOL).
The project is funded by the Space Florida organization in conjunction with Israel’s Innovation Authority (OCS) ministry of Science, and as part of an innovative bi-lateral partnership between the State of Florida and the State of Israel. As part of the project, LightPath’s proprietary BD6 infrared optical material will be further developed to comply with radiation requirements for Space applications, making it space compatible. This project begins just as LightPath announces that it has resolved the BD6 coating yield problem.
Sam Rubin, LightPath’s CEO, said, “LightPath has been providing optical components for use in Space for many years. LightPath parts are currently used in orbiting satellites, the Mars rover and have been on multiple outer space missions. In recent years, we have been witnessing an exponential growth in the launch of space payloads, with more than 1,300 nano satellites having been launched in the first six months of this year. LightPath is seeing growth in demand for optics to be used in such space applications, for imaging, analysis and optical communication between satellites. Optimizing our proprietary BD6 infrared material is a logical step in continuing to provide the space industry with qualified and suitable optics.”
Ran Carmeli, CEO at RP Optical Lab, said, “As an Israeli company, we are pleased that Space Florida and Israel’s Innovation Authority (OCS) ministry of Science have teamed up to promote this type of international cooperation by selecting our project to provide this critical financial support. The award funds will help to significantly compress the development plan for our new broadband satellite imaging system while making important technical collaboration with LightPath Technologies more seamless. It is quite extraordinary for a group like Space Florida to be actively encouraging successful Israeli-American technical partnerships in space exploration. We look forward to the launch of our new satellite camera system.”
About Space Florida
Space Florida was created to strengthen Florida’s position as the global leader in aerospace research, investment, exploration and commerce. As Florida’s aerospace and spaceport development authority, we are committed to attracting and expanding the next generation of space industry businesses. With its highly trained workforce, proven infrastructure and unparalleled record of achievement, Florida is the ideal location for aerospace businesses to thrive – and Space Florida is the perfect partner to help them succeed. http://www.spaceflorida.gov.
About RP Optical Lab Ltd
RP Optical Lab Ltd (www.rp-optical-lab.com) is an ISO 9001:2015 certified company, a leading company in the field of developing and producing Thermal (VIS-SWIR-MWIR-LWIR) lenses and Electro-Optical modules. RP specializes in the field of thermal imaging and involved in the defense, homeland security, medical and commercial markets.
About LightPath Technologies
LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading global, vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries. LightPath designs and manufactures proprietary optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and proprietary Black DiamondTM (“BD6”) chalcogenide-based glass lenses. LightPath also offers custom optical assemblies, including full engineering design support. The Company is headquartered in Orlando, Florida, with manufacturing and sales offices in Latvia and China.
LightPath’s wholly-owned subsidiary, ISP Optics Corporation, manufactures a full range of infrared products from high performance MWIR and LWIR lenses and lens assemblies. ISP’s infrared lens assembly product line includes athermal lens systems used in cooled and un-cooled thermal imaging cameras. Manufacturing is performed in-house to provide precision optical components including spherical, aspherical and diffractive coated infrared lenses. ISP’s optics processes allow it to manufacture its products from all important types of infrared materials and crystals. Manufacturing processes include CNC grinding and CNC polishing, diamond turning, continuous and conventional polishing, optical contacting and advanced coating technologies.
For more information on LightPath and its businesses, please visit http://www.lightpath.com.
Mark Palvino, VP of Global Sales
LightPath Technologies, Inc.
Investor Relations Contact for LightPath:
Darrow Associates, Inc.