LightPath Technologies (NASDAQ:LPTH) shares gained 9% after the company announced it had secured an 11 million dollar follow-on order for infrared camera systems from a major global technology customer supporting counter-unmanned aircraft system (counter-UAS) applications.
The latest contract represents another order from one of LightPath's key customers and reinforces ongoing demand for the company's infrared imaging technology across defence and public safety markets.
According to the company, the programme will also include a planned transition from traditional Germanium optics to its proprietary BlackDiamond optical materials.
Chief Executive Officer Sam Rubin said the agreement demonstrates the company's growing partnership with an important customer.
"This order reflects the deepening relationship with one of our most significant customers and the expanding role of our infrared camera systems in public safety applications, where reliability and performance are mission-critical."
The latest contract represents another order from one of LightPath's key customers and reinforces ongoing demand for the company's infrared imaging technology across defence and public safety markets.
According to the company, the programme will also include a planned transition from traditional Germanium optics to its proprietary BlackDiamond optical materials.
Chief Executive Officer Sam Rubin said the agreement demonstrates the company's growing partnership with an important customer.
"This order reflects the deepening relationship with one of our most significant customers and the expanding role of our infrared camera systems in public safety applications, where reliability and performance are mission-critical."
2 months ago
