Wednesday May 13, 10:02 am Eastern Time
Company Press Release
Corning, Inc. Sales Executive Joins Lightpath Technologies, Inc. as Sales Manager, Telecommunications Products
Jeanne Mordarski to Help Introduce GRADIUM-Glass Based Photonics Products to OEMs of Fiber Optic Communications Systems
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--May 13, 1998-- Jeanne Mordarski, 29, a former advanced optics sales engineer at Corning Incorporated [NYSE:GLW - news], has joined LightPath Technologies, Inc. (Nasdaq LPTHA/LPTHU) as Sales Manager, Telecommunications Products, LightPath announced today.
''Ms. Mordarski will help LightPath quickly introduce GRADIUM-glass based photonic products designed to improve fiber optic equipment for telecommunication companies,'' said Donald E. Lawson, LightPath President and Chief Executive Officer.
Over the past eight years, Ms. Mordarski, has held increasingly responsible engineering, sales and customer relations positions at Corning. She was most recently Account Manager in the Advanced Optics Division, where her responsibilities included contract negotiation, new business development and new product development and introduction. Her career at Corning included a tenure at the Advanced Display Products LCD Finishing Facility in Shizuoka, Japan.
Among Ms. Mordarski's first assignments at LightPath will be supporting the introduction in the third calendar 1998 quarter of branded GRADIUM single-mode fiber (SMF) collimators. She will help market the collimators to OEMs of fiber optic communications systems.
SMF collimators are key elements in all fiber optic systems, including wavelength division multiplexing (WDM) equipment. The collimators serve to straighten and make parallel diverging light as it exits a fiber. According to LightPath, GRADIUM collimators will reduce the alignment problems found with conventional SMF collimators by virtue of GRADIUM glass's unprecedented light-navigating and wavelength-separating properties. The Company demonstrated an early prototype GRADIUM SMF collimator in February at the Optical Fiber Conference in San Jose, California.
Said Mark Fitch, Vice President, Marketing and Sales, at LightPath, ''Jeanne's energy, depth of experience and strong contacts in the optoelectronics segment of the telecommunications industry make her a key addition to our team. We are confident that she will help LightPath make a strong impact with high-performance photonics products whose capabilities are in demand but available only through GRADIUM technology.''
Ms. Mordarski, who has relocated to Albuquerque from upstate New York, said, ''I'm attracted by the drive and strategic approach of the LightPath team and excited to be working with a technology that appears to have vast, enabling potential in telecommunications.''
Ms. Mordarski holds a B.S. in industrial engineering from Purdue University and a M.B.A. from Syracuse University.
LightPath Technologies, Inc. is the developer, manufacturer and marketer of GRADIUM glass products. GRADIUM glass is the only material that can precisely ''steer'' light internally, collect and concentrate energy, separate wavelengths of high-speed data and be manufactured cost-effectively in all sizes and volumes. LightPath manufactures GRADIUM products at its headquarters in Albuquerque. The Company has 14 patents associated with the process to manufacture GRADIUM glass and currently has 11 additional patents pending. LightPath common stock trades on the NASDAQ Small Cap Market under the symbol LPTHA. LightPath units, comprised of common stock and warrants, trade under the symbol LPTHU.
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.
--------------------------------------------------------------------------------
Contact:
LightPath Technologies, Inc.
Web site: www.light.net
or
For Media Inquiries
Frank Sommerfield Communications, Inc.
212/255-8386
mail@sommerfield.com
or
For Investor Inquiries
RCG Capital Markets Group, Inc.
602/675-0400
rcg@rcgonline.com
|
