LightPath Appoints Israel Piergiovanni as Vice President of Manufacturing to Support Near-Term Growth Initiatives

LightPath (NASDAQ: LPTH) appointed Israel Piergiovanni as Vice President of Manufacturing effective Nov. 10, 2025 to scale production and drive operational excellence across its global manufacturing footprint.

Rhea-AI Summary

LightPath (NASDAQ: LPTH) appointed Israel Piergiovanni as Vice President of Manufacturing effective Nov. 10, 2025 to scale production and drive operational excellence across its global manufacturing footprint.

Piergiovanni has 20+ years of manufacturing leadership, most recently leading multi-site optical assembly production at Luminar, and will support new capacity coming online in Texas as LightPath seeks to convert a record $90M+ backlog into revenue.

Positive

• Record backlog of $90M+ awaiting conversion
• New Texas capacity coming online to increase output
• Hire brings 20+ years of multi-site optical manufacturing leadership

Negative

• None.

Argus Nov 11 session

+3.34% close to close Open Argus

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News Market Reaction – LPTH

On Nov 11, the first trading day after this news, LPTH closed 3.34% above the previous close.

Data tracked by StockTitan Argus for the Nov 11 session.

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Former Luminar Manufacturing Executive to Scale Production and Support
Operational Excellence Across LightPath's Global Footprint

ORLANDO, Fla., Nov. 10, 2025 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced the appointment of Israel Piergiovanni as Vice President of Manufacturing to support production scale-up in service of meaningful expected near-term growth.

A veteran manufacturing executive, Mr. Piergiovanni brings over 20 years of leadership experience spanning global manufacturing operations, engineering, and quality management across high-precision technology companies. Most recently, he served as Senior Director of Manufacturing Operations at Luminar Technologies, where he led multi-site production of advanced optical assemblies across facilities in the U.S., Mexico, and Thailand. His responsibilities included scaling new product introduction from design validation through tier-1 series production, integrating automation systems, and driving operational excellence across Luminar's global supply chain. Prior to joining Luminar, he held manufacturing management positions at Plastic Omnium, Prettl Electric and Fisher Barton. Mr. Piergiovanni holds a Bachelor of Science, Computer Science from Limestone College, and is a Lean Six Sigma Yellow Belt.

"Israel's appointment comes at a pivotal time as we continue to scale production of camera systems – particularly with new capacity coming online in Texas – as well as expanding capacity at our vertically integrated manufacturing footprint to help convert our record $90M+ backlog into revenue," said Sam Rubin, President and Chief Executive Officer of LightPath. "His proven track record leading optical assembly operations at Luminar and deep expertise in global manufacturing management will help us to efficiently scale deliveries as customer demand continues to accelerate."

Mr. Piergiovanni added: "LightPath's vertically integrated model, from raw glass production to complete optical and thermal systems, offers a tremendous platform to ramp up advanced optical manufacturing in support of near-term demand. I'm excited to apply my experience leading optical system production and cross-site operations to support our robust growth, enhance quality, and ensure delivery excellence across all facilities."

About LightPath Technologies

LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.

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. 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 impact of varying 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; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/Israel war; 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.

 

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SOURCE LightPath Technologies

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Israel Piergiovanni and what role did LightPath (LPTH) name him to on Nov. 10, 2025?

LightPath named Israel Piergiovanni as Vice President of Manufacturing to lead production scale-up and operational excellence.

How does Piergiovanni's experience at Luminar affect LightPath (LPTH) production plans?

He led multi-site optical assembly production and automation integration at Luminar, experience LightPath expects to apply to ramping deliveries.

What is the size of LightPath's backlog LPTH expects to convert after the hire?

LightPath cited a record backlog of $90M+ that it aims to convert into revenue.

Will LightPath (LPTH) add manufacturing capacity and where is it located?

Yes; the company said new capacity is coming online in Texas while expanding its vertically integrated footprint.

What short-term impact could the VP of Manufacturing appointment have on LPTH shareholders?

The company positions the hire to help scale deliveries and convert backlog, which could support near-term revenue growth if execution proceeds as planned.