LightPath Technologies Appoints Louis Leeburg as Chairman
May 12, 2021 at 16:00 PM EDT
ORLANDO, FL / ACCESSWIRE / May 12, 2021 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced that Mr. Louis Leeburg has been appointed as Chairman of the Board of Directors of LightPath, succeeding Mr. Robert Ripp who retired, effective May 11, 2021.
"I am honored to be appointed as Chairman of the Board of LightPath Technologies," said Louis Leeburg. "On behalf of the entire Board and executive management team, we thank Bob for his 22 years of service as Chairman and his dedicated stewardship of the Company. Consistent with the transition of vision and leadership we began implementing under Bob, we are now well positioned, both financially and strategically, to pursue a more value-added approach to the global photonics industry where we progress from simply providing optical components to offering comprehensive engineered solutions. It is an exciting time to take an even more active role in the future growth of LightPath."
Sam Rubin, CEO of LightPath, said, "We wish Bob well in his retirement and appreciate the indelible mark he has made on the Company. At the same time, I am very pleased that my fellow Board member, Louis Leeburg, has been appointed as our new Chairman. Many changes have been made to LightPath's leadership since I was appointed CEO approximately one year ago. With our diverse and strong Board complementing the recent expansion of our management team, we are provided with the framework to navigate the Company toward the establishment of a more vital presence in the industry and more profitable long term growth."
Louis Leeburg has served as a director of LightPath since May 1996, including membership of the Company's Audit and Compensation Committees. Mr. Leeburg is a self-employed business consultant with over 40 years of finance and investment management leadership experience. He began his career as an audit manager for Price Waterhouse & Co. Mr. Leeburg received a Bachelor of Science in Accounting from Arizona State University. He was a longstanding member of Financial Foundation Officers Group and the treasurer and trustee for the John E. Fetzer Memorial Trust Fund during its 30 years of activity until being combined into the Fetzer Institute, and was honored as a Lifetime Director of The Institute for Noetic Sciences.
About LightPath Technologies
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.
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SOURCE: LightPath Technologies, Inc.
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