July 9, 2010 (FinancialWire) (Investrend Information Syndicate) — A program originally taped in February, 2010, with Jim Gaynor, president and chief executive officer of LightPath Technologies, Inc. (LPTH) aired last Saturday, July 3, and is scheduled for three more consecutive broadcasts this month on FOX Business Network’s nationally televised “WallStreetCast”, which airs regularly on Saturdays at 1PM Eastern.

“The opportunity to discuss LightPath with FOX Business Network was tremendous. I’m especially grateful for LightPath’s story to be heard by the WallStreetCast audience,” said Gaynor, adding, “A better understanding of the optical components and assemblies business makes it a more attractive and interesting investment.”

Last year, the growing biomedical instrumentation and data storage laser markets had a combined estimated value of nearly $1.5 billion. LightPath, founded in 1985, with its multi-faceted operations and diverse spectrum of products, was naturally situated to claim advanced positions within both of those markets. And LightPath continues to move forward, staking claims to new territory across multiple markets.

In fact, Gaynor said that LightPath has made significant progress since taping the WallStreetCast program in February, noting, “We’ve successfully further-reduced our cost base, while simultaneously increasing revenues, profitability and strategic growth.”  Specifically, Gaynor noted that the company’s revenues have continued to climb, while achieving profit margins on the order of 45 to 50 percent.

“The company has basically been transformed.  Now that we’ve gotten our spending down to what’s necessary, we’re zeroing-in on producing specific products for four key markets we’ve identified as having the best potential for us.”

June was eventful for Gaynor and LightPath. Early in the month the company introduced the four new products (mentioned above) designed to stay ahead of the curve and capitalize on changing lens specifications. In mid June LightPath appeared in-tandem with their European distributor, AMS Technologies, at the OPTATEC Trade Fair in Frankfurt, Germany, co-presenting the latest photo-optical industry developments. Then LightPath’s executive team paid visits to company partners in Asia, before returning home to Orlando, Florida.

LightPath covers a lot of ground in terms of operations and production, as well.

LightPath’s optical components and assemblies business has evolved to the point of doing essentially everything in-between raw material processing and final mechanization, handling all phases from design to development, manufacturing, and distribution.  The company’s products are used in the defense industry, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecom, machine vision, and sensors. In addition, the company conducts its business across many borders, including the United States, Europe, North Africa, and Asia.

LightPath’s products include Geltech* precision molded glass aspheric optics, Black Diamond* precision molded infrared molded optics, isolators, proprietary fiber-optic collimators, GRADIUM* glass lenses, and other optical components used to produce products that manipulate light.

Additonal information and independent research on LightPath is available via Investrend Syndications (at http://www.investrend.com/synd0003). Other official information and company filings are accessible via the SEC website (at http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001366669).

*“Geltech”, “Black Diamond” and “GRADIUM” are registered trademarks of LightPath Technologies, Inc.

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