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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (20998)	2/23/2000 9:53:00 AM
From: Bob	Read Replies (1) \| Respond to of 57584

LPTHA News: Company Press Release SOURCE: LightPath Technologies, Inc. LightPath Technologies, Inc. Announces Breakthrough In Ultra Low-Loss Collimator ALBUQUERQUE, Feb. 23 /PRNewswire/ -- LightPath Technologies, Inc. (Nasdaq: LPTHA - news) announced today that it has developed a third generation collimator which exhibits the lowest insertion loss ever reported for such devices. In their development laboratories in Albuquerque, NM, LightPath has perfected this technology over the past 6 months to address the high performance demands of the Isolator market segment of telecommunications components. Laboratory test results have yielded fiber to fiber insertion losses as low as 0.01dB per pair of collimators. As this new generation collimator is brought into production, it is expected to consistently yield insertion losses below 0.1dB per pair. These results are 2 to 3 times better than other collimating products being produced today. The Company's test results have been independently verified by a large OEM of optical component products for the telecommunication market. By lowering the losses and improving the efficiency of telecommunication components, optical networks can be simplified through the reduction of amplifiers and signal regenerators. In addition, the reduced package size of these collimators will be crucial to the development of smaller and more robust telecommunications products. Dr. Pierre Bernard, Vice President, Product and Technology Development comments, ''The key to this GEN3 collimator's breakthrough performance is in the collimating lens. We have successfully adapted the laser polishing process to reshape the lens surface to within a millionth of an inch of its ideal shape. The result is insertion loss as close to zero as has ever been achieved. As we transition this process into manufacturing, we expect positive impact on other parts of the process, such as the laser fusion step used to join the fiber and the lens. Using a tighter fiber to lens alignment tolerance, we aim to hold the pointing accuracy of this new product to better than 0.1 degree, a further step toward the perfect collimator.'' Donald E. Lawson, President and CEO stated, ''Prior to LightPath's entrance into the collimator market with products enabled by its patented laser fusion and polishing processes, the vast majority of the world's fiber collimating needs were addressed with products built from a radial gradient index lens produced by the Japanese company NSG. In order to meet the increasing demands of the optical networking infrastructure, many OEMs challenged us to go beyond the current performance and cost benchmarks that had been established over the years with very little change. This product release, following a relatively short developmental cycle, reflects the capability and flexibility inherent in LightPath's optical and automated packaging technologies. We will continue to leverage these breakthrough technologies to meet the challenges of our customers.'' LightPath will have these new collimating products and other telecommunication component products available at booth 3277 of the upcoming Optical Fiber Conference (OFC) in Baltimore, MD from March 7 - 9, 2000. 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 18 U.S. patents, plus 8 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.

To: Rande Is who wrote (20998)	2/23/2000 10:01:00 AM
From: DonnaS	Read Replies (1) \| Respond to of 57584

Rande: What are your thoughts on the biotechs? Do you think they have about run their course for now? Could they just be resting? I've not gone through a complete year of trading yet, but it seems to me that the trading crowd just skips from one area to another. First they trade techs, then biotechs, then banks and they don't stay in with any of them very long. Am I reading this right? Thanks. DonnaS