LightPath Technologies Ramps up Production to Support Demand for Laser Tools

LightPath Technologies is pleased to announce that it is boosting its
production levels by 200% and is shipping production quantities of molded
aspheric lenses to multiple large OEM manufacturers of consumer and industrial
laser tools

ORLANDO, Fla., July 7 /PRNewswire-FirstCall/ -- LightPath Technologies, Inc.
(Nasdaq: LPTH), is pleased to announce that it has begun shipments of molded
aspheric lenses to several large OEM manufacturers of consumer and industrial
laser tools. These shipments are to satisfy contracts with our OEM partners
that we announced in January and June of 2008. LightPath Technologies has
completed the qualification process for the lenses to be supplied under the
contracts and is increasing its production levels by 200% from 40,000 lenses
per month to an anticipated 120,000 lenses per month in August 2009 to meet
the projected order volume.

Jim Gaynor, the CEO of LightPath Technologies, commented, "The success of our
laser tool line of aspheric lenses is a demonstration of our progress in
providing a low cost platform for the manufacture of high precision glass
molded aspheric lenses. These lenses are being adopted by our customers
because they provide a cost savings over traditional spherical doublet and
triplet lenses without sacrificing performance. We anticipate continued
design wins in this market in the near future and continued production
increases over the next several quarters."

Mr. Gaynor continued, "LightPath Technologies, over the last 18 months, has
been executing its strategy of improving its cost structure, expanding its
markets and addressing higher production volumes. A key part of this strategy
is to reduce costs and to increase capacity to be competitive in the lower
cost, higher volume consumer based optical markets. We have reached a
significant milestone in our strategy with these initial high volume
production deliveries to our OEM customers."
Contacts:

LightPath Technologies Ray Pini, Director of Marketing
LightPath Technologies, Inc.
Phone: +1-407-382-4003 x336
Email: rpini@lightpath.com
Internet: www.lightpath.com

Rob Myers, Director of Sales
LightPath Technologies, Inc.
Phone: +1-407-382-4003 x 333
Email: rmyers@lightpath.com
Internet: www.lightpath.com

About LightPath Technologies
LightPath manufactures optical products including precision molded aspheric
optics, GRADIUM(R) glass products, proprietary collimator assemblies, laser
components utilizing proprietary automation technology, higher-level
assemblies and packing solutions. LightPath has a strong patent portfolio that
has been granted or licensed to us in these fields. LightPath common stock
trades on the Nasdaq Capital Market under the stock symbol LPTH. For more
information visit www.lightpath.com

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. 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.

SOURCE LightPath Technologies, Inc.

Ray Pini, Director of Marketing, +1-407-382-4003 x336, rpini@lightpath.com, or
Rob Myers, Director of Sales, +1-407-382-4003 x 333, rmyers@lightpath.com,
both of LightPath Technologies, Inc.