New Order with Global Technology Leader for Deliveries in CY 2026
LightPath Technologies, Inc., a leading provider of next-generation optics and imaging systems for both defense and commercial applications, announced it has secured an $18.2 million purchase order with a leading global technology customer related to the supply of advanced infrared camera systems in CY 2026.
In addition, the Company has an agreement in place with this customer which – while not obligated, based on customer discussions and expectations memorialized in the agreement – the Company anticipates receiving future purchase orders totaling up to $22 million for a second tranche of products to be delivered in CY 2027.
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LightPath Chief Executive Officer Sam Rubin said: “We are thrilled to announce this new purchase order and agreement with a leading global technology customer, which is expected to meaningfully grow our defense and government backlog with advanced IR camera systems by up to $40 million over the course of CY 2026 and 2027 – reflective of the continued success of our transition from a components manufacturer to a vertically integrated camera solutions provider.
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“Our momentum is being driven by strong geopolitical tailwinds in the defense industry, as our products are becoming increasingly vital to western defense contractors, especially those seeking more secure supply chains with alternatives to Germanium. Export restrictions on Germanium imposed by China, which supplies a significant portion of the world’s Germanium, is driving the shift away from Germanium. With scaling demand and growing interest in our BlackDiamond™ glass, we are well positioned to meet the rapidly evolving needs of our defense and commercial customers,” concluded Rubin.
