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LightPath: Jobs Cut, CEO Out

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ORLANDO, Fla., Sept. 21, 2007 -- In the wake of poor performance in the fourth quarter, LightPath Technologies Inc. announced it has cut 25 jobs based in Orlando. LightPath also announced that its CEO, Kenneth Brizel, left the company Tuesday. LightPath CFO Dorothy Cipolla said the company has reduced its Orlando workforce by 25 positions over the last few months, bringing its total employees to 88 and reducing its 2008 payroll expenses by $900,0000. Cipolla said the company is shifting more of its production to its operations in Shanghai, China, and looking to downsize its Orlando facility. LightPath products include...Read full article

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    Published: September 2007
    Glossary
    aspheric
    Not spherical; an optical element having one or more surfaces that are not spherical. The spherical surface of a lens may be slightly altered so as to reduce spherical aberration. Aspheric surfaces are frequently, but not necessarily, surfaces of revolution about the lens axis.
    glass
    A noncrystalline, inorganic mixture of various metallic oxides fused by heating with glassifiers such as silica, or boric or phosphoric oxides. Common window or bottle glass is a mixture of soda, lime and sand, melted and cast, rolled or blown to shape. Most glasses are transparent in the visible spectrum and up to about 2.5 µm in the infrared, but some are opaque such as natural obsidian; these are, nevertheless, useful as mirror blanks. Traces of some elements such as cobalt, copper and...
    infrared
    Infrared (IR) refers to the region of the electromagnetic spectrum with wavelengths longer than those of visible light, but shorter than those of microwaves. The infrared spectrum spans wavelengths roughly between 700 nanometers (nm) and 1 millimeter (mm). It is divided into three main subcategories: Near-infrared (NIR): Wavelengths from approximately 700 nm to 1.4 micrometers (µm). Near-infrared light is often used in telecommunications, as well as in various imaging and sensing...
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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