ORLANDO, FL - LightPath Technologies, Inc. (NASDAQ:LPTH), a global manufacturer and integrator of optical and infrared technologies, has announced the availability of a new long-distance imaging camera using its Mantis™ Camera architecture. The camera is designed to capture a wide range of wavelengths, from mid to long wave infrared bands (2µm to 12µm), previously requiring two separate cameras for such multispectral imaging.
The Mantis™ camera system integrates LightPath's proprietary BlackDiamond™ infrared materials, allowing for high magnification and color correction across both MWIR and LWIR bands. This dual-band capability enables the camera to collect a stronger thermal signal, which can provide a brighter image and a higher signal-to-noise ratio. The camera is particularly effective in imaging hot objects, such as an airplane's engine, capturing the full infrared signature and allowing for longer detection distances.
Sam Rubin, CEO of LightPath, emphasized the camera's unique flexibility and capabilities, stating that it offers solutions for a range of customer needs in various industries. The company has engaged with customers to develop and tailor the camera for specific applications.
The new long-range Mantis™ camera is currently undergoing tests by key customers and is available for immediate shipment. The release of this camera follows the initial launch of a short-range detection MANTIS camera in December 2022.
This news article is based on a press release statement from LightPath Technologies, Inc.
InvestingPro Insights
In the wake of LightPath Technologies, Inc.'s (NASDAQ:LPTH) announcement of their new long-distance imaging camera, the company's financial health and market performance provide additional context to their innovative strides. According to the latest data from InvestingPro, LightPath Technologies holds a market capitalization of $56.65 million. Despite the company's technological advancements, analysts have revised their earnings downwards for the upcoming period, and they do not anticipate the company to be profitable this year. This aligns with the company's recent performance, showing a negative P/E ratio of -10.76, reflecting the lack of profitability over the last twelve months.
However, LightPath's liquid assets do exceed short-term obligations, which could provide some financial stability as they continue to innovate and potentially capitalize on new market opportunities with their Mantis™ Camera architecture. The company has also experienced a strong return over the last month, with a 17.32% increase in its price total return, indicating some market confidence in their recent developments.
For readers looking to delve deeper into LightPath's financials and future projections, InvestingPro offers additional insights. There are more InvestingPro Tips available for LightPath Technologies, which can be accessed at https://www.investing.com/pro/LPTH. To enhance your investing strategy with these expert analyses, use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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