LightPath Expands China Sales Channels, Adds Personnel
January 24, 2011 (FinancialWire) (The Small Cap News Leader http://www.financialwire.net/) (Investrend Information Syndicate) — LightPath Technologies, Inc. (LPTH – NASDAQ) (Approx. Market Cap: US$ 16.8 Million), a global manufacturer, distributor and integrator of patented optical components and assemblies, reports it has expanded the company’s direct selling channels in China, as part of its strategy to deliver high volumes of aspheric lenses to Asian manufacturers of optical equipment.
In addition, LightPath Optical Instrumentation Co., Ltd., the company's wholly-owned Shanghai-based subsidiary, has added a sales engineer to its staff, and that subsidiary has signed two new distributors, Daheng New Epoch Technology and Diqin Tech Science and Technology, in China.
The selling channels will help to capitalize on increased demand from Chinese manufacturers, according to LightPath.
LightPath Technologies designs, develops, manufactures, and distributes optical components and assemblies in the United States, Europe, North Africa, and Asia. It offers precision molded glass aspheric optics, precision molded infrared molder optics, isolators, proprietary fiber-optic collimators, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light. The company’s products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecom, machine vision, and sensors. LightPath Technologies, Inc. sells its products through its sales force and distributors. The company was founded in 1985 and is headquartered in Orlando, Florida.
Daily-updated 13-page ValuEngine reports on LightPath are available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=LPTH), and additional equity research on LightPath may be requested via Investrend Research Syndicate affiliate-provider, The Matterhorn Group, which specializes in the tech industry (at http://www.investrend.com/matterhorn).
Exchange Links: LightPath Technologies, Inc. (LPTH – NASDAQ)
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