LightPath Technologies gains after securing $11M follow-on infrared camera order
LightPath Technologies (LPTH) secured an $11M follow-on order for infrared cameras from a global technology customer, reflecting growing demand in public safety and defense. CEO Sam Rubin plans to transition the customer to BlackDiamond optics to mitigate supply chain risks from germanium export restrictions and improve margins. Following the announcement, LPTH stock rose approximately 6.60% to ~$12.28 in premarket trading.
