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LightPath Technologies Secures LOI for Sustained Supply of Infrared Lens Assemblies from Existing European Defense Customer
LightPath Technologies (NASDAQ: LPTH) has received a follow-on order and Letter of Intent (LOI) from a European defense customer for infrared lens assemblies used in first-person view drone applications. The non-binding LOI includes plans for collaboration on custom lens assemblies using LightPath BD6 and manufacturing localization at LightPath's Latvia facility. The agreement aims to establish future volume commitments and leverages LightPath's European Defense license and expanded optical coating capabilities in Latvia.
LightPath Technologies (NASDAQ: LPTH) has received a follow-on order and Letter of Intent (LOI) from a European defense customer for infrared lens assemblies used in first-person view drone applications. The non-binding LOI includes plans for collaboration on custom lens assemblies using LightPath BD6 and manufacturing localization at LightPath's Latvia facility. The agreement aims to establish future volume commitments and leverages LightPath's European Defense license and expanded optical coating capabilities in Latvia.
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