Since the word is already out...Avanex (AVNX) is Gilder's new telecosm stock. Guess it's okay to put this on the board now. He said he spent his most inspiring time at Avanex on his recent travels. The Lightpath/Avanex connection follows:
Monday March 6, 8:32 am Eastern Time
Company Press Release
SOURCE: LightPath Technologies, Inc.
LightPath Technologies Announces Product Qualification by Avanex Corporation
ALBUQUERQUE, N.M., March 6 /PRNewswire/ -- LightPath Technologies, Inc. (Nasdaq: LPTHA - news) announced today that it has been qualified by Avanex Corporation (Nasdaq: AVNX - news) to supply high-performance optical components for its telecommunications products.
The custom optics were designed specifically for Avanex and incorporate LightPath's proprietary GRADIUM© glass technology. Currently, Avanex is qualifying several other LightPath telecommunications products, including customized versions of the company's standard collimator products.
LightPath manufactures a family of high-performance fiber-optic collimator products utilizing its proprietary technologies, including laser-fusion, laser-polishing and GRADIUM axial gradient-index glass.
Garry Goodman, Director, Sales Western Region comments, ``We worked closely with Avanex personnel to provide an optical system that would fit into their existing equipment yet improve overall system performance. Our engineering staff was able to leverage the unique properties of our GRADIUM© glass to provide a superior solution without increasing complexity or cost.'
Avanex Corporation develops, manufactures and delivers photonic processors for the communications industry, applying a unique mix of optical technology, micro-optic packaging expertise and network architecture knowledge. Avanex stock trades on the Nasdaq National Market under the stock symbol AVNX. They are headquartered in Fremont, CA.
LightPath manufactures its proprietary collimator assemblies and GRADIUM© glass products at its headquarters in Albuquerque. The Company has recently announced the opening of a second office in Warren, NJ for the purpose of development of various optical switch products. The Company has 20 U.S. patents, plus 6 more pending, associated with its optical technologies. In addition, various foreign countries had issued a total of 7 patents with 10 patents pending. LightPath common stock trades on the Nasdaq SmallCap Market under the stock symbol LPTHA.
This news release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission.
SOURCE: LightPath Technologies, Inc.
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