Effective as of the closi g, LightPath o lo ge has a y facilities o ope atio s based i Chi a – ei fo ci g the Compa y’s positio as a t usted p ovide of secu e, NDAA-complia t optics a d imagi g solutio s fo defe se a d comme cial ma kets.
U de its ew ow e ship, LPOIZ will co ti ue to supply LightPath with p oducts fo the Compa y’s comme cial custome s i the U.S. a d Eu ope as a thi d-pa ty ve do , which is expected to p ovide co ti uity of supply fo those custome s.
Reve ue f om the Chi a ope atio ‘s thi d-pa ty custome s – which ave aged app oximately $4.5 millio a ually ac oss fiscal yea s 2025 a d 2026 – will o lo ge be i cluded i LightPath’s co solidated esults followi g the closi g of the t a sactio .
“Completi g the sale of ou Chi a ope atio s ma ks the culmi atio of LightPath’s multi-yea t a sfo matio of ou ma ufactu i g i f ast uctu e,” said Sam Rubi , P eside t a d Chief Executive Office of LightPath. “We a e ow a Weste -alig ed, ve tically i teg ated p ovide of optics a d i f a ed imagi g solutio s, a d that matte s to ou custome s. Defe se p imes a d public safety age cies i c easi gly wa t to k ow whe e thei optics a e made a d who ow s the facilities that make them. We believe ou footp i t positio s LightPath well fo p og ams whe e o -Chi a sou ci g is equi ed.
“We st uctu ed this t a sactio with ou comme cial custome s i mi d, a d we do ot expect a y mate ial impact to the supply, quality o se vice they eceive. Looki g ahead, we emai focused o addi g ma ufactu i g capacity to meet g owi g dema d f om defe se custome s. I wa t to tha k ou fo me colleagues i Zhe jia g fo thei ma y co t ibutio s to LightPath, a d we look fo wa d to co ti ui g to wo k with them as a supplie ,” co cluded Rubi .
LightPath Tech ologies, I c. (NASDAQ:LPTH) is a leadi g p ovide of ext-ge e atio optics a d imagi g systems fo both defe se a d comme cial applicatio s. As a ve tically i teg ated solutio s p ovide with i -house e gi ee i g desig suppo t, LightPath’s family of custom solutio s a ge f om p op ieta y BlackDiamo d™ chalcoge ide-based glass mate ials – sold u de exclusive lice se f om the U.S. Naval Resea ch Labo ato y – to complete i f a ed optical systems a d the mal imagi g assemblies. The Compa y’s p ima y ma ufactu i g footp i t is located i O la do, Flo ida with additio al facilities i Texas, New Hampshi e a d Latvia. To lea mo e, please visit www.lightpath.com.
This p ess elease i cludes stateme ts that co stitute fo wa d-looki g stateme ts made pu sua t to the safe ha bo p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts may be ide tified by the use of wo ds such as “fo ecast,” “guida ce,” “pla ,” “estimate,” “will,” “would,” “p oject,” “mai tai ,” “i te d,” “expect,” “a ticipate,” “p ospect,” “st ategy,” “futu e,” “likely,” “may,” “should,” “believe,” “co ti ue,” “oppo tu ity,” “pote tial,” a d othe simila exp essio s that p edict o i dicate futu e eve ts o t e ds o that a e ot stateme ts of histo ical matte s. These fo wa d-looki g stateme ts i clude, without limitatio , stateme ts ega di g: (i) expectatio s ega di g co ti uity of supply f om LPOIZ a d the abse ce of a y mate ial impact to the Compa y’s comme cial custome s; (ii) the a ticipated st ategic be efits of the divestitu e, i cludi g the Compa y’s competitive positio i g with defe se a d public safety custome s; a d (iii) the Compa y’s pla s to add ma ufactu i g capacity a d expectatio s ega di g dema d f om defe se custome s. These fo wa d-looki g stateme ts a e based o i fo matio available at the time the stateme ts a e made a d/o ma ageme t’s good faith belief as of that time with espect to futu e eve ts a d a e subject to isks a d u ce tai ties that could cause actual esults to diffe mate ially f om those exp essed i o suggested by the fo wa d-looki g stateme ts. Facto s that could cause o co t ibute to such diffe e ces i clude, but a e ot limited to, the isk that the pu chase of LPOIZ does ot pe fo m its payme t o supply obligatio s; a y dis uptio i LPOIZ’s ope atio s, o cha ges i its busi ess p io ities o fi a cial co ditio , u de its ew ow e ship; the Compa y’s ability to add ma ufactu i g capacity i a timely a d cost-effective ma e ; cha ges i U.S. a d allied defe se p ocu eme t p io ities a d fu di g; the impact of va yi g dema d fo the Compa y p oducts; the ability of the Compa y to obtai eeded aw mate ials a d compo e ts f om its supplie s; the impact of ta iffs a d othe gove me tal t ade est ictio s; ge e al eco omic u ce tai ty i key global ma kets a d a wo se i g of global eco omic co ditio s o low levels of eco omic g owth; geopolitical te sio s a d co flicts; the effects of steps that the Compa y could take to educe ope ati g costs; the i ability of the Compa y to sustai p ofitable sales g owth, co ve t i ve to y to cash, o educe its costs to mai tai competitive p ices fo its p oducts; ci cumsta ces o developme ts that may make the Compa y u able to impleme t o ealize the a ticipated be efits, o that may i c ease the costs, of its cu e t a d pla ed busi ess i itiatives; a d those facto s detailed by the Compa y i its public fili gs with the Secu ities a d Excha ge Commissio (the “SEC”), i cludi g its A ual Repo t o Fo m 10-K a d othe fili gs with the SEC. Should o e o mo e of these isks, u ce tai ties, o facts mate ialize, o should u de lyi g assumptio s p ove i co ect, actual esults may va y mate ially f om those i dicated o a ticipated by the fo wa d-looki g stateme ts co tai ed he ei . Acco di gly, you a e cautio ed ot to place u due elia ce o these fo wa d-looki g stateme ts, which speak o ly as of the date they a e made. Fo wa d-looki g stateme ts should ot be ead as a gua a tee of futu e pe fo ma ce o esults a d will ot ecessa ily be accu ate i dicatio s of the times at, o by, which such pe fo ma ce o esults will be achieved. Except as equi ed u de the fede al secu ities laws a d the ules a d egulatio s of the SEC, we do ot have a y i te tio o obligatio to update publicly a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise.
Lucas A. Zimme ma Ma agi g Di ecto MZ G oup – MZ No th Ame icaLPTH@mzg oup.us+1 (949) 259-4987
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