LightPath Technologies Acquires Amorphous Materials for $7 Million

Reuters
Jan 26
<a href="https://laohu8.com/S/LPTH">LightPath Technologies</a> Acquires Amorphous Materials for $7 Million

LightPath Technologies has completed the acquisition of the assets of Amorphous Materials, Inc. (AMI), an industrial manufacturer specializing in chalcogenide glass melting technologies, particularly for large diameter optics. The transaction was valued at $7.0 million in cash, with the potential for an additional $3 million in technical milestone-based equity consideration. The acquisition will expand LightPath’s capacity and capabilities in infrared $(IR)$ optics, adding a redundant NDAA-compliant manufacturing site in Texas and enabling the company to offer a broader range of large-diameter IR materials and optics. AMI’s advanced glass technologies will be integrated to support new product development and further strengthen LightPath’s position in the IR imaging market.

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