LightPath Announces Availability of a New Version of Its Mantis Camera for Long Range Detection
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The release of LightPath Technologies' long-range MANTIS camera system represents a significant advancement in multispectral imaging technology. By combining mid and long wave infrared imaging capabilities into a single camera, LightPath addresses a niche but critical demand in the market for high-fidelity long-distance imaging. This technology enables a variety of applications, from surveillance and security to scientific research, which could expand the company's customer base and open up new revenue streams.
Furthermore, the use of LightPath's proprietary BlackDiamond infrared materials in the camera's design could offer a competitive edge, potentially translating to a higher market share in the sectors that require advanced thermal imaging. The ability to capture a stronger thermal signal and provide a higher signal-to-noise ratio is particularly beneficial for customers needing precise long-range detection capabilities. If the camera performs well in customer tests and gains traction in the market, we could see an increase in LightPath's stock valuation as investors respond to the company's innovative product offerings and potential growth in sales.
From a financial perspective, the introduction of the new MANTIS camera system by LightPath could have a positive impact on the company's financial health. The investment in research and development of proprietary technologies like the BlackDiamond infrared materials indicates a strategic allocation of capital towards innovation. This could lead to improved profit margins if the materials and the camera system gain widespread adoption due to their unique capabilities.
As the camera is available for immediate shipment, the company may see a relatively quick return on investment if the product meets industry needs. The immediate availability also suggests effective supply chain management, which is crucial in maintaining cost efficiency and customer satisfaction. Investors will be interested in the product's contribution to revenue in upcoming financial reports, as well as any guidance the company provides on expected sales growth stemming from this new product launch.
The technical capabilities of LightPath's MANTIS camera system are poised to make a significant impact in the field of optical technology. The camera's ability to image across both mid-wave and long-wave infrared bands using a single system is a technological leap that simplifies multispectral imaging setups. This dual-band capability is particularly important for detecting and analyzing thermal signatures, which can vary widely depending on the object and environment.
By eliminating the need for separate MWIR and LWIR cameras, LightPath not only reduces the complexity and potential cost for users but also improves the imaging quality. The higher magnification and color correction for both MWIR and LWIR offered by the camera system could set a new standard in the industry. The adoption of this technology by key customers would likely drive further innovation and could establish LightPath as a thought leader in infrared imaging solutions.
ORLANDO, FL / ACCESSWIRE / February 15, 2024 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, announced today availability of a new camera that utilizes its innovative Mantis™ Camera architecture, designed for long distance imaging.
LightPath's Mantis™ camera systems provide a unique multispectral imaging capability, enabling users to image simultaneously across a wide range of wavelengths that span mid (MWIR) and long (LWIR) wave bands (2µm to 12 µm). LightPath announced the initial availability of a short-range detection MANTIS camera in December 2022 and has since partnered with customers to develop new iterations to cover additional uses in multiple verticals.
The new long-range MANTIS utilizes LightPath's proprietary BlackDiamond™ infrared materials to create a camera system with high magnification that is color-corrected for both MWIR and LWIR. Imaging across MWIR and LWIR previously required two separate cameras but the dual-band nature of the camera enables it to collect a much stronger thermal signal compared to standard cameras that are LWIR or MWIR only. Hot objects emit a signature across the entire range of infrared wavelengths. While a standard Long Wave Infrared camera captures the portion of the object's thermal signature emitted only in the wavelengths of 8-12µm, the Mantis™ camera can capture the entire infrared signature, resulting in a much brighter image of the object of interest. The resulting images will have a higher signal-to-noise ratio and enable a longer detection distance, as seen in the example of an airplane's engine in the comparison image below.
"The MANTIS camera architecture presents flexibility and capability currently unmatched within the thermal camera industry," commented Sam Rubin, LightPath's CEO. "Partnering with our customers to learn of potential imaging bottlenecks, we can design bespoke thermal imaging solutions that span wavelengths to fit their needs. The camera's flexibility is the result of the unique capabilities of our proprietary materials and the tremendous imaging and material expertise possessed by the LightPath team."
The camera with the new long-distance optics undergoing tests by key customers and is available for immediate shipment.
Forward-Looking Statements
This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, and include, for example, statements related to the expected effects on the Company's business from the COVID-19 pandemic. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the duration and scope of the COVID-19 pandemic and impact on the demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies and economic activity; the pace of recovery when the COVID-19 pandemic subsides; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Investor Contact:
Brian M. Prenoveau, CFA
MZ Group - MZ North America
LPTH@mzgroup.us
+561 489 5315
SOURCE: LightPath Technologies
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