Mentioned:
LightPath Technologies is expanding their capabilities in the drone supply chain. And now, they’ve just won a major new order for optical assemblies.
What’s happening:
- LightPath Technologies (NASDAQ: LPTH) has landed a new order of 50,000 optical assemblies to be used in drone cameras
Why it matters:
- LightPath Technologies will provide a key defense customer with optical assemblies that are can be integrated directly into drone camera systems to improve image quality and range as well as overall field of view
Going deeper:
- LightPath Technologies has publicly stated that they believe drones represent a meaningful long-term growth opportunity for their optical assemblies business
- The United States Department of War previously gave LightPath Technologies a prototype agreement to advance the development of germanium alternatives for infrared imaging to be used in infrared systems for surveillance and targeting
