12 November 1998: According to a recent press report, LightPath Technologies Inc. has entered into a five-year strategic agreement with Rodenstock Prazisionsoptik GmbH (Rodenstock), a leading German o…
12 November 1998: According to a recent press report, LightPath Technologies Inc. has entered into a five-year strategic agreement with Rodenstock Prazisionsoptik GmbH (Rodenstock), a leading German optical products manufacturer and subsidiary of Rodenstock Technologie GmbH. Both companies will work to develop, manufacture and jointly distribute Gradium based optical products in Europe. Gradium glass is the revolutionary axial gradient index glass developed by LightPath. Rodenstock has received a contract from a major film company based on a lens design that they developed utilizing Gradium elements. The companies said their goal is to enhance their business with new emerging technologies utilizing Gradium glass. This unique design demonstrated the benefit that Gradium provided by reducing the number of lens elements while maintaining optimum performance and was reportedly a key factor in its securing the contract. Under the terms of the agreement, LightPath will provide exclusive rights to Rodenstock for the sales and distribution of Gradium based products in Europe. Rodenstock will establish a Gradium design and manufacturing centre in its German facilities and further provide access to its sales distribution network to promote the sales of Gradium based systems that are proprietary to LightPath and those new systems developed by Rodenstock. LightPath said it believes that this agreement will serve to provide for the expansion of its family of Gradium products and enhance its position in European markets.