LightPath Technologies announced earlier that its wholly-owned subsidiary, ISP Optics Corporation, has been awarded a $5M purchase contract to supply a variety of infrared optical lens elements to a major commercial infrared vision products customer. his purchase contract requires manufacturing to commence immediately, with monthly shipping of lenses throughout 2018. LightPath was selected by the customer after an evaluation of suppliers based on volume manufacturing capabilities, materials and cost analysis, and global service and support for an optimized value proposition. This single contract represents 16% of our trailing 12-month revenues through September 2017. "We are confident that recent investments in our production capacity and sales and marketing initiatives are delivering their intended results," President and CEO Jim Gaynor said.
