CAMARILLO, CA / ACCESSWIRE / March 30, 2022 / Attollo Engineering (www.attolloengineering.com), a leader in innovative infrared systems for imaging and laser detection, today announced a collaboration with LightPath Technologies Inc. (www.lightpath.com) (NASDAQ:LPTH) for the design and supply of innovative freeform optical components for use in Attollo's LiDAR products.

Attollo's line of Laser Rangefinders and LiDAR products provide fast measurement with high accuracy and precision, in an ultra-compact package. These devices, typically used with fast moving drones and unmanned aerial vehicles (UAVs), allow measurements of distance and obstacle detection on-the-fly, providing reliable data for autonomous drone systems.

Michael MacDougal, President and CEO of Attollo Engineering commented, "Partnering with LightPath to integrate their molded freeform optics in our system allows us to achieve optimum performance, while minimizing the number of optical components in our systems. Their optics reduce cost and weight of our systems, while at the same time, improving transmission efficiency. LightPath's established precision molding technology will further allow us to scale production quickly by leveraging their high-volume manufacturing capacity. We believe LightPath is the perfect partner for our LIDAR needs."

About LightPath Technologies:

LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading global, vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries. LightPath designs and manufactures proprietary optical and infrared components including molded glass aspheric lenses and assemblies, custom molded glass freeform lenses, infrared lenses and thermal imaging assemblies, fused fiber collimators, and proprietary Black Diamond^TM ("BD6") chalcogenide-based glass lenses. LightPath also offers custom optical assemblies, including full engineering design support. The Company is headquartered in Orlando, Florida, with manufacturing and sales offices in Latvia and China.

In January 2022, LightPath was awarded the prestigious SPIE Prism Award for the development of freeform optics technology.

About Attollo Engineering:

Attollo Engineering develops innovative infrared systems for imaging and laser detection. Attollo designs and manufacture subassemblies and finished products with cutting-edge performance for industry-leading partners. Attollo brings their expertise in detector materials and laser systems together to provide customers with both laser sensing and novel infrared imaging. Utilizing extensive expertise in the electro-optical market, knowledge of systems design, packaging and delivering superior solutions, Attollo provides quality products for system integrators, original equipment manufacturers, and custom applications.

Attollo's headquarters is a 34,000 square foot facility in Camarillo, California. This facility has over 5,000 square feet of cleanroom space for LiDAR assembly and test, semiconductor fabrication, sensor packaging, integrated dewar and cooler assembly, cryocooler development, and IR camera assembly and test.

Contact Information

Attollo Engineering
Tony Vengel
Attollo Engineering
805-384-8046
sales@attolloengineering.com

LightPath Technologies Inc.
Rob Myers, Product Manager
LightPath Technologies, Inc.
Tel: 407-382-4003
rmyers@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, and include, for example, statements related to the expected effects on the Company's business from the COVID-19 pandemic. 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 duration and scope of the COVID-19 pandemic and impact on the 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; the impact of the pandemic and actions taken in response to the pandemic on global and regional economies and economic activity; the pace of recovery when the COVID-19 pandemic subsides; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; 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.

SOURCE: LightPath Technologies, Inc.