Company to Host Meetings with Both Prospective Customers and End-Users to Discuss LightPath’s Next-Generation Optics and Imaging Systems in Mission Critical Defense Applications.
LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath,” the “Company,” or “we”), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced its participation at the Association of the United States Army (“AUSA”) 2024 Annual Meeting and Exposition, taking place October 14-16, 2024, in Washington D.C.
The AUSA Annual Meeting is the largest land power exposition and professional development forum in North America, designed to deliver the Army’s message by highlighting the capabilities of organizations and presenting a wide range of industry products and services. AUSA accomplishes this task by providing informative and relevant presentations on the State-of-the-Army, panel discussions and seminars on pertinent military and national security subjects, and a variety of valuable networking events available to all that attend.
“The AUSA Annual Exposition is one of the premier events in the defense industry, providing us the opportunity to meet with leaders, innovators, and stakeholders from across the military and defense sectors,” said Sam Rubin, President and Chief Executive Officer of LightPath. “As a leading optics and imaging systems solutions provider to the defense industry, we expect to introduce current and prospective customers to our portfolio of next-generation products leveraging our proprietary BlackDiamond™ glass.
“We also look forward to providing an update to attendees on our recently received qualification of our advanced thermal camera system by Lockheed Martin as part of its bid to produce a design of a major missile program for the US Army. We are now starting delivery of flightworthy hardware for implementation into Lockheed Martin’s initial live test units. Initially, it was expected that the U.S. Army would make a selection on a final solution for the Program and move into production with 10,000 units by 2028; however, it has been announced that a decision to move the program into production is now expected by 2026. Collectively we believe this program represents a revenue opportunity of between $500 million and $1 billion over the life of the program, based on volumes from legacy programs implemented by the U.S. Army.”
SOURCE LightPath Technologies
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