LightPath Technologies Secures $4.9 Million Order for Infrared Cameras with an Existing Defense Customer

Rhea-AI Summary

LightPath Technologies (NASDAQ: LPTH) has secured a $4.9 million follow-on order through its subsidiary G5 Infrared from an existing defense industry customer. The order, scheduled for delivery throughout fiscal year 2026, involves high-end infrared camera systems. G5's expertise in long-range imaging and IR cooled camera solutions serves various applications including shipboard surveillance, border security, and counter UAS systems. The company expects additional orders from this defense customer's program in the future.

CEO Sam Rubin highlighted that G5's acquisition has provided meaningful scale and opportunities to integrate LightPath's proprietary BlackDiamond™ glass with G5's products, positioning the combined company for continued growth.

Positive

• Secured significant $4.9 million follow-on order from existing defense customer
• Expected additional future orders from the same defense program
• Successful integration of G5 acquisition with opportunities to use proprietary BlackDiamond™ glass
• Diversified application portfolio including shipboard surveillance, border security, and counter UAS systems

Negative

• Delivery timeline extends throughout fiscal year 2026, indicating a lengthy revenue recognition period

ORLANDO, Fla., May 7, 2025 /PRNewswire/ -- 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 subsidiary G5 Infrared ("G5"), a leading high-end infrared camera systems manufacturer, received a $4.9 million follow-on order from an existing defense industry customer, for delivery in the Company's 2026 fiscal year.

"We continue to build revenue and momentum from our acquisition of G5 and its significant order pipeline from new and existing customers," said LightPath Chief Executive Officer Sam Rubin. "Delivery of the order will take place throughout our 2026 fiscal year and in addition, we expect to receive additional orders for this defense customer's program in the future.

"G5's reputation for long range imaging and IR cooled cameral solutions continues to drive order wins for a range of applications, including shipboard long-range surveillance, border security, and counter UAS systems, as well as recurring federal, naval, and law enforcement programs. Since its acquisition, G5 has provided meaningful scale, opportunities to integrate our proprietary BlackDiamond™ glass with G5's products, and positioned the combined company for continued growth. We look forward to working with this customer to fulfill current orders and explore opportunities to expand our partnership," concluded Rubin.

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

What is the value of LightPath Technologies (LPTH) new defense order in 2025?

LightPath Technologies secured a $4.9 million follow-on order from an existing defense industry customer through its G5 Infrared subsidiary.

When will LightPath Technologies (LPTH) deliver the $4.9M defense order?

The order will be delivered throughout LightPath's fiscal year 2026.

What applications does LightPath's G5 Infrared division serve?

G5 Infrared serves applications including shipboard long-range surveillance, border security, counter UAS systems, and recurring federal, naval, and law enforcement programs.

How does the G5 acquisition benefit LightPath Technologies (LPTH)?

G5's acquisition provides meaningful scale, opportunities to integrate LightPath's BlackDiamond™ glass with G5's products, and positions the company for continued growth.