LightPath Technologies expands Chinese distribution network

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LightPath Technologies (Orlando, Florida) has added two new distributors to its network of direct sales contacts in China, Lienhe Corp and ETSC. LightPath aims to deliver high volumes of aspheric lenses and laser delivery systems to Asian manufacturers of optical equipment. Based on the adoption rate of aspheric lenses in multiple market segments in China, the company expects the market for aspheric lenses in Asia to exceed $280m by the end of 2011. LightPath’s moulded aspheric lenses provide cost savings over traditional high volume spherical doublet and triplet lenses without sacrificing performance. The addition of these two distributors extends the company’s sales channels in China to six distributors covering several different market segments.

Jim Gaynor, CEO of LightPath, commented: 'LightPath continues to successfully execute a growth strategy that addresses specific high volume target markets in Asia, Europe and the Americas. Our agreements with Lienhe and ETSC give LightPath significantly expanded exposure throughout China in the telecommunications and fibre optic markets. When combined with our recently expanded distribution agreement with AMS Technologies in Europe, and WPG in the Americas and South Asia, LightPath has dramatically broadened our sales channels around the world.'