LightPath Finds a New Path

Ray Pini

How a niche telecom company turned into a high-volume supplier.

imageProduction floor in LightPath’s Shanghai facility.

Aspheric lenses have always been LightPath Technologies’ bread and butter. The company was started in 1985 with the invention of GRADIUM glass, an axial gradient index glass that is used to make high-performance, cost-effective lenses for high-power laser systems. As this technology gained greater market acceptance in industrial applications, LightPath grew from just a few employees to well over 100. In 1996, the company completed its initial public offering (IPO) and joined the NASDAQ (symbol: LPTH).

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