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8-K - CURRENT REPORT - LIGHTPATH TECHNOLOGIES INC | lpth_8k.htm |
Exhibit 99.1
For Immediate Release
LightPath Technologies Schedules 2018 Annual Stockholders’
Meeting
ORLANDO,
FL – May 5, 2017 - LightPath Technologies, Inc.
(NASDAQ: LPTH) (“LightPath,” the “Company,”
or “we”), a leading vertically integrated global manufacturer,
distributor and
integrator of
proprietary optical and
infrared components and high-level assemblies, today
announced that the Company currently plans to hold its 2018 Annual
Stockholders’ Meeting on October 26, 2017 at 11 a.m. (ET) at
the Hyatt Regency Orlando International Airport Hotel located at
9300 Airport Boulevard, Orlando, Florida 32827.
The
date of the Annual Meeting represents a change of more than 30 days
from the anniversary of the Company’s 2017 Annual
Stockholders’ Meeting, which was held on January 26, 2017. As
a result, pursuant to Rule 14a-8 under the Securities Exchange Act
of 1934, as amended, the Company has set a new deadline for the
submission of stockholder proposals submitted pursuant to Rule
14a-8 for inclusion in the Company’s proxy statement for the
Annual Meeting. The new deadline for the submission of such
stockholder proposals is the close of business on May 19, 2017,
which the Company believes is a reasonable time for the review,
consideration, and if appropriate, inclusion of any such proposals
before the Company begins to print and send its proxy materials to
stockholders for the Annual Meeting.
In
accordance with the Company’s Amended and Restated Bylaws
(the “Bylaws”), stockholders who wish to present a
proposal at the Annual Meeting, or nominate a director for election
at the Annual Meeting, must provide written notice on or before May
15, 2017.
Any
such proposal or notice should be delivered to: Corporate
Secretary, at LightPath Technologies, Inc., 2603 Challenger Tech
Court, Suite 100, Orlando Florida USA 32826 and must also comply
with the procedures (including all information specified) in the
Company’s Bylaws and the rules and regulations of the
Securities and Exchange Commission under Rule 14a-8.
About LightPath Technologies
LightPath
Technologies, Inc. (NASDAQ: LPTH) is a leading global, vertically
integrated provider of optics, photonics and infrared solutions for
the industrial, defense, telecommunications, testing and
measurement, and medical industries. LightPath designs,
manufactures, and distributes proprietary optical and infrared
components including molded glass aspheric lenses and assemblies,
infrared lenses and thermal imaging assemblies, fused fiber
collimators, and gradient index GRADIUM® lenses. LightPath
also offers custom optical assemblies, including full engineering
design support. The Company is headquartered in Orlando, Florida,
with manufacturing and sales offices in New York, Latvia, and
China.
LightPath’s
wholly-owned subsidiary ISP Optics Corporation
manufactures a full range of infrared products from high
performance MWIR and LWIR lenses and lens assemblies. ISP’s
infrared lens assembly product line includes athermal lens systems
used in cooled and un-cooled thermal imaging cameras. Manufacturing
is performed in-house to provide precision optical components
including spherical, aspherical and diffractive coated infrared
lenses. ISP’s optics processes allow it to manufacture its
products from all important types of infrared materials and
crystals. Manufacturing processes include CNC grinding and CNC
polishing, diamond turning, continuous and conventional polishing,
optical contacting and advanced coating technologies.
For
more information on LightPath and its businesses, please visit
www.lightpath.com.
Forward-Looking Statements
This news release includes statements that constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
including statements regarding our ability to expand our presence
in certain markets, future sales growth, continuing reductions in
cash usage and implementation of new distribution channels. 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. Except as required under the
federal securities laws and the rules and regulations of the
Securities and Exchange Commission, we do not have any intention or
obligation to update publicly any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Contacts:
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Jim
Gaynor, President & CEO
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Dorothy Cipolla,
CFO
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Jordan
Darrow
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LightPath
Technologies, Inc.
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LightPath
Technologies, Inc.
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Darrow
Associates, Inc.
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Tel:
407-382-4003
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Tel:
407-382-4003 x305
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Tel:
512-551-9296
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jgaynor@lightpath.com
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dcipolla@lightpath.com
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jdarrow@darrowir.com
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Web:
www.lightpath.com
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Web:
www.lightpath.com
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Web:
www.darrowir.com
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