February 18, 2010 (FinancialWire) — LightPath Technologies, Inc. (NASDAQ: LPTH) said current open orders for molded aspheres for consumer and industrial laser tools are valued over $1.8 million, with more than 25% growth anticipated over the next several quarters.

After a year of volume production shipments to multiple OEM manufacturers, the acceptance of molded aspheres as a replacement for spherical doublets and triplets has surpassed LightPath’s initial expectations.

LightPath manufactures optical products including precision molded aspheric optics, proprietary collimator assemblies, laser components utilizing proprietary automation technology, higher-level assemblies and packing solutions.

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