Wednesday, April 4, 2012

LightPath to focus on high-growth markets to drive revenues

(April 3, 2012) Orlando, FL. LightPath Technologies, Inc. (Nasdaq: LPTH ‐ News), manufacturer and
integrator of precision molded glass aspheric optics, Black DiamondTM infrared aspheres, GRADIUM®
glass products and high performance fiber‐optic beam delivery systems, today announces that it has
set a strategy for the future focusing specifically on bringing its revolutionary manufacturing
processes and new products to industries with large growth potential. Specifically, areas of focus
will be:

• Low cost, molded infrared optics for thermal imaging, security and surveillance, automotive,
sensing and defense applications
• Laser optics for high volume, growing industrial applications: laser tools for construction,
medical instruments and telecommunications systems
• Optical assemblies for collection and management of laser light through fiber optics for
industrial and laser instrumentation

“Over the course of the past year, our management team and board members have worked together
on a comprehensive analysis of our products, strengths, market position and market needs,” said Jim
Gaynor, CEO of LightPath Technologies. “We are in a position now to leverage the manufacturing
technology and optical expertise we’ve developed over the last 20 years into a specific set of
significant growth applications and industries. We are particularly excited about our new
opportunities in the infrared market. Applications of infrared and thermal imaging technology have
grown dramatically over the last ten years into various markets including industrial inspection,
automotive safety, chemical and biological sensing and security and surveillance.”

Mr. Gaynor went on to say, “Cost is now a major barrier to further expansion into mission‐critical
defense and high‐volume commercial applications. LightPath has a process that when completely
developed will reduce optics cost by 35‐40% or more. This should have a significant impact on the
market and our business.”

“In addition to the outlook for emerging applications like infrared, which is now close to a $5B
market, our strategy is supported by significant opportunities that are already making their way
through our new product development pipeline for specific customer applications. These include
optics for revolutionary new medical devices, state‐of‐the‐art industrial laser range finders and fiber
optic laser transmitters that support new wireless standards like 4G,” said Dr. Brian Soller,
LightPath’s Vice President of Corporate Development. “A renewed focus on these specific industries
with large growth potential, and in which we currently have a strong foot‐hold, in combination with
our penetration into overseas markets through our facility in Shanghai and our upgraded
international sales channels should provide for significant opportunities for LightPath and our
shareholders in the near future.”

About LightPath Technologies
LightPath manufactures optical products including precision molded aspheric optics, GRADIUM®
glass products, proprietary collimator assemblies, laser components utilizing proprietary automation
technology, higher‐level assemblies and packing solutions. LightPath has a strong patent portfolio
that has been granted or licensed to us in these fields. LightPath common stock trades on the Nasdaq
Capital Market under the stock symbol LPTH. For more information visit

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