tiprankstipranks

LightPath awarded Phase 2 funding from U.S DoD partnership

LightPath awarded Phase 2 funding from U.S DoD partnership

LightPath Technologies announced the U.S. Department of Defense, DoD, via the Defense Logistics Agency, Strategic Materials, DLA, has awarded Phase 2 funding to support the qualification of additional LightPath Black Diamond chalcogenide glasses as substitute to germanium. “We initiated Phase One of this qualification program with the DLA after multiple stakeholders inside the DoD realized the urgent need to find replacements for Germanium,” said Sam Rubin, President and Chief Executive Officer of LightPath. “Phase One was significant success, resulting in the qualification of new proprietary BlackDiamond materials. These materials are now designed into multiple programs of record and demonstrate significant additional value beyond simply replacing Germanium.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com