Posted in | News

LightPath Technologies Signs Multi-Year Sales Agreement with Chinese Industrial Tool Manufacturer

Jan 10 2008

LightPath Technologies, Inc. is pleased to announce its subsidiary, LightPath Optical Instrumentation (Shanghai) Co., Ltd., has signed a three year agreement with a Chinese industrial tool manufacturer for the sale of custom precision aspheric lenses at an aggregate sales price in excess of $1 million dollars. This agreement represents a significant step towards the fulfillment of LightPath's business strategy to broaden its market opportunities into high volume, lower cost applications.

According to Jim Gaynor, Interim CEO, "This is LightPath's second contract in high volume low cost asphere applications. These contracts mark LightPath's direct entry into the Asian market. We are able to capture this business as a direct result of the cost reduction initiatives we have recently implemented and the capacity expansion that we have completed in our Shanghai factory."

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback

Public Comment

Private Feedback to AZoOptics.com

Submit

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

To start a conversation, please log into your AZoProfile account first, or create a new account.

Registered members can chat with Azthena, request quotations, download pdf's, brochures and subscribe to our related newsletter content.

A few things you need to know before we start. Please read and accept to continue.

Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
Large Language Models can make mistakes. Consider checking important information.

I understand, and agree to receive occasional emails about Azthena such as usage tips and new feature announcements.

Please check the box above to proceed.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.