LightPath Technologies Secures LOI for Sustained Supply of Infrared Lens Assemblies From Existing European Defense Customer

UF Startup LightPath Technologies, Inc., a leading provider of next-generation optics and imaging systems for both defense and commercial applications, announced receipt of a follow-on order and Letter of Intent (“LOI”) for a sustained supply of infrared lens assemblies from a European defense customer for active duty use in first-person view (FPV) drone applications.

In tandem with the follow-on order, the customer submitted a non-binding LOI to expand its partnership with LightPath through collaboration on custom lens assemblies using LightPath BD6 as well as the localization of its lens assembly manufacturing to LightPath’s Latvia facility to ensure supply chain stability and reliability. As part of this LOI, the customer seeks to establish go-forward volume commitments.

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