Lightpath technologies, inc. signs $5.0 million contract for infrared optical lens elements

Lightpath technologies, inc. announced it has been awarded a renewal of an annual supply agreement valued at $5.0 million. the contract is for the purchase of a variety of infrared optical lens elements by a major commercial infrared vision products customer. the agreement includes an option to increase the contract to $6.0 million upon the acceptance of new designed chalcogenide lenses within 6 months from the date of the contract. products under this contract will be shipped over the next 12 months beginning december 2019.
LPTH Ratings Summary
LPTH Quant Ranking