LightPath Technologies (News - Alert) will be building 12 new molding stations to cater to the demands for its molded aspheric lenses. LightPath manufactures these lenses in the U.S. and in China, and these molding stations will serve the company’s operations in China.
It is expected that this investment will augment the capacity of the company and its production capability by more than 45 percent. LightPath specializes in custom optical assemblies offering full engineering design support for both optics and mechanics. The optimum optical integration, so achieved reduces costs while enhancing quality, performance and manufacturability.
Jim Gaynor, CEO of LightPath, said, “It is significant to note that the product demand we are seeing is broad-based across several of our larger market segments. It is not limited to any specific industry, market or geographic location.”
Gaynor pointed out that this growth was driven by four bandwidth-intensive markets that require optical network expansion; namely cloud computing, adoption of digital technology for video distribution, mobile Internet and machine-to-machine communication.
Aspheric lenses are used extensively in laser tools, telecommunications, digital projectors, industrial equipment and also in medical instruments. The optimal performance of aspheric lenses and the increased use of green laser diodes have resulted in an increase in demand for aspheric lenses in North America and China.
Fabricating aspheric lenses is expensive. However LightPath’s glass molding technology has enabled the production of huge volumes of aspheric optics while still maintaining the highest quality at an affordable price.
LightPath’s optics and photonics solutions serve customers in the industrial, defense, telecommunications, testing and measurement, and medical industries.
In addition to molded glass aspheric lenses and assemblies, the company designs, manufactures and distributes optical and infrared components including infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses.
In August 2013, LightPath Technologies signed a distribution agreement with AceXon Technologies for distributing LightPath’s broad range of optical products throughout Singapore, Malaysia, and Thailand.
Edited by Rachel Ramsey