Contact Information: Contacts: LightPath Technologies Ray Pini Director of Marketing LightPath Technologies, Inc. Phone: +1-407-382-4003 x336 Email: Internet: www.lightpath.com AMS Technologies: Igor Radivojevic AMS Technologies AG Phone: ++49(0)89 895 77 420 Email: Internet: www.ams.de
AMS Technologies to Become the Exclusive European Distributor for LightPath Technologies
LightPath Technologies and AMS Technologies Have Signed a Master Distributor Contract Designating AMS Technologies to Be the Exclusive Distributor for LightPath Technologies Products Throughout Europe
| Source: LightPath Technologies
ORLANDO, FL--(Marketwire - June 15, 2009) - LightPath Technologies, Inc. (NASDAQ : LPTH ) and
AMS Technologies have signed a master distribution contract designating AMS
Technologies as the exclusive distributor of LightPath Technologies'
products throughout Europe. This contract expands on AMS Technologies'
current role as distributor for Germany and Austria.
The new agreement expands AMS Technologies' role by integrating LightPath's
sales & marketing efforts in the region. Under the new agreement, AMS
Technologies will become a central hub for LightPath's business in Europe
by providing local sales support, technical assistance and a consolidated
inventory location for our customers throughout the region. AMS
Technologies will also direct all promotional activities such as
advertising and trade shows throughout Europe. AMS Technologies serves
regional markets from local sales offices in France, Germany, Italy, Spain
and the United Kingdom.
Jim Gaynor commented, "LightPath Technologies over the last 18 months has
been executing its strategy of improving its cost structure, expanding its
markets and addressing higher volumes. A key part of this strategy is to
improve our channels to our markets. LightPath has had an excellent and
very successful relationship with AMS Technologies in Germany and we are
pleased and quite excited to now expand this relationship by working with
AMS Technologies throughout all of Europe."
About AMS Technologies:
Founded in 1982, AMS Technologies is a leading distributor of high-tech
components, systems and instruments in Europe today. Headquartered in
Martinsried/Munich, Germany, the company serves regional markets from local
sales offices in the United Kingdom, France, Italy and Spain. AMS
Technologies represents approved global technology leaders and new to
market companies that develop innovative, leading edge products in the
fields of optoelectronics, thermal management and high power electronics.
For further information about AMS Technologies, please look at www.ams.de.
About LightPath Technologies
LightPath manufactures optical products including precision molded aspheric
optics, GRADIUM® glass products, proprietary collimator assemblies, laser
components utilizing proprietary automation technology, higher-level
assemblies and packing solutions. LightPath has a strong patent portfolio
that has been granted or licensed to us in these fields. LightPath common
stock trades on the Nasdaq Capital Market under the stock symbol LPTH. For
more information visit www.lightpath.com
This news release includes statements that constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. This information may involve
risks and uncertainties that could cause actual results to differ
materially from such forward-looking statements. Factors that could cause
or contribute to such differences include, but are not limited to, factors
detailed by LightPath Technologies, Inc. in its public filings with the
Securities and Exchange Commission. 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.