LightPath (LPTH) Technologies announced that it has begun sustained delivery of infrared lens assemblies per the terms of the October 2024 Letter of Intent from a European defense customer for active duty use in first-person view drone applications. As part of the ongoing supply agreement LOI announced in October, LightPath is supplying custom lens assemblies using LightPath’s BlackDiamond glass as well as the localization of its lens assembly manufacturing to LightPath’s Latvia facility to ensure supply chain stability and reliability. While the initial order is for 1,300 assemblies, LightPath management expects that with several follow-on orders throughout calendar year 2025 in-line with targeted volume commitments, this customer could represent $1M-2M in annual revenue.
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