LightPath Jumps on NASA Nod - InvestingChannel

LightPath Jumps on NASA Nod

LightPath Technologies, Inc. (NASDAQ:LPTH) rose Wednesday after the company announced NASA’s JPL recently confirmed that optical elements manufactured by its subsidiary is supporting the Mars Curiosity Rover’s efforts in the NASA Science Exploration Program.

The Zinc Sulfide Mid-wave Infrared (MWIR) lens and beam-splitter are critical components of the Tunable Laser Spectrometer (TLS) instrument on the Mars Curiosity Rover.

LightPath Technologies CEO, Sam Rubin said,”LightPath’s global employee base works hard every day to deliver cutting-edge, industry-leading, precision optics that enable our customers to make the most of Photonics technologies and deliver on our long term strategy of improving life experiences by harnessing light.”

LightPath has its optical solutions supporting other missions aboard the International Space Station, the Space Shuttle and numerous satellites.

Its corporate location, in the middle of Central Florida’s Space Coast, is quite conducive to its increasing presence in outer space. Working collaboratively with the University of Central Florida’s CREOL, LightPath is accelerating innovative solutions to match the rapid pace and rigorous demands of space exploration.

LightPath is a leading global, vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries.

LightPath designs and manufactures proprietary optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and proprietary Black Diamond TM chalcogenide-based glass lenses.

LightPath also offers custom optical assemblies, including full engineering design support. The Company is headquartered in Orlando, Florida, with manufacturing and sales offices in Latvia and China.

LPTH shares gained 36 cents, or 15.4%, to $2.70.

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