ORLANDO, FL / ACCESSWIRE / June 26, 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 it has been added to the Russell Microcap® Index, effective as of the close of the
market on Friday, June 23, 2017, following Russell's annual reconstitution of its comprehensive set of U.S. and global equity
indexes.
Membership in the Russell Microcap Index is based on market capitalization and means automatic inclusion in the appropriate
growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds
and as benchmarks for active investment strategies. Approximately $8.5 trillion in assets are benchmarked against the Russell US
Indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style
attributes. The Russell Microcap Index represents 2,000 small cap and microcap stocks and captures the smallest 1,000 companies in
the Russell 2000, in addition to 1,000 smaller U.S.-based listed stocks. Membership in the Russell Microcap® Index, which remains
in place for one year, provides automatic inclusion in the appropriate growth and value style indexes.
"This is an important milestone for LightPath Technologies," said Chief Executive Officer Jim Gaynor. "The addition to the
Russell Microcap Index reflects the increase in our market value and will help to enhance awareness in the investment community of
the progress we are making as a leading provider of advanced optical and infrared technologies."
For more information on the Russell Microcap® Index and the Russell US Indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell website.
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:
Jim Gaynor, President & CEO LightPath Technologies, Inc. Tel: 407-382-4003 jgaynor@lightpath.com Web: www.lightpath.com
Dorothy Cipolla, CFO LightPath Technologies, Inc. Tel: 407-382-4003 x305 dcipolla@lightpath.com Web: www.lightpath.com
Jordan Darrow Darrow Associates, Inc. Tel: 512-551-9296 jdarrow@darrowir.com Web: www.darrowir.com
SOURCE: LightPath Technologies, Inc.
