© Reuters.
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 utilizing its Mantis camera architecture. The camera is designed to capture a wide range of wavelengths, from mid- to long-wave infrared bands (2 µm to 12 µm), which previously required two separate cameras for this type of multispectral imaging.
The Mantis camera system integrates LightPath's proprietary BlackDiamond infrared materials, enabling high magnification and color correction in the MWIR and LWIR bands. This dual-band capability allows the camera to collect a stronger thermal signal, which can provide a brighter image and higher signal-to-noise ratio. The camera is particularly effective at imaging hot objects, such as an aircraft engine, capturing the full infrared signature and allowing longer detection distances.
Sam Rubin, CEO of LightPath, emphasized the camera's flexibility and unique capabilities, saying it offers solutions for a variety of customer needs across various industries. The company has engaged with customers to develop and tailor the camera to specific applications.
The new Mantis long range camera is undergoing testing by key customers and is available for immediate shipping. The launch of this camera follows the initial launch of a MANTIS short-range detection camera in December 2022.
This news article is based on a press release from LightPath Technologies, Inc.
InvestingPro Insights
Following LightPath Technologies, Inc.'s (NASDAQ:LPTH) announcement of its new long-distance imaging camera, the company's financial health and market performance provide additional context to its innovative advancements. According to the latest data from InvestingPro, LightPath Technologies has a market cap of $56.65 million. Despite the company's technological advances, analysts have revised its earnings downward for the coming period and do not expect 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 trailing twelve months.
However, LightPath's liquid assets exceed near-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 seen a strong return over the past month, with a 17.32% increase in its total price return, indicating some market confidence in its recent developments.
For readers who want to delve deeper into LightPath's financials and future projections, InvestingPro offers additional information. More InvestingPro advice is available for LightPath Technologies, which can be accessed at https://www.investing.com/pro/LPTH. To improve your investment strategy with these expert analyses, use the coupon code FORECASTS24 to receive an additional 10% discount on an annual or bi-annual Pro and Pro+ subscription.
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