Shareholder Presentation

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Publicly traded since Feb 1996 (NASDAQ: LPTH)

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Presently 57 Employees USA, 110 Employees China

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Headquartered in Orlando, Florida

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58 US Patents Issued & 8 Pending

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OEM Sales -

Orlando, FL –

Huntsville, AL –

Parsippany, NJ –

Lannion, France –

Shanghai, China

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Reps / Distributors Europe, Israel, Japan, Korea, India, Singapore, Thailand, Malaysia, Hong Kong, Phillippines, Canada

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ITAR DTC Code 090617976

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GSA Contract Number is GS-35F-0425S

Overview

Orlando Headquarters (manufacturing, engineering, direct sales)

China Facility (manufacturing, engineering, direct sales)

Direct sales

Distributors

Representatives

Corporate Management

Our Customers

Jim Gaynor

President

and

CEO

Cao XG

General Manager

LPTH China

Dorothy Cipolla

Corporate CFO

Tony Lopes

Quality Assurance

Manager

Michael Lancaster

Director of

Operations

Al Symmons

Director of

Engineering

Ray Pini

Director of

Marketing

Rob Myers

Interim Director of

Sales

Customers are at the top of our organization

Orlando, Florida

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Facility totals 22,500 square feet

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6,000 square feet of clean room

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ISO 9001-2000 Registered

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Products

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Precision Glass Molded Optics

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Black Diamond™

Infrared Glass Optics

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Gradium

Optics

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Collimators

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Aspheric Glass Lens Array

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Optical Imaging Assemblies

Corporate Headquarters

LPTH China

Jiading, China

LightPath Optical Instrumentation (Shanghai) Co., Ltd

(Wholly owed facility of LightPath Technologies USA.)

Facility Totals:

17,000 sq feet

7,000

feet

Clean

Room

6,000

feet

Gray

Lab

ISO 9001-2000 Certified

Products:

Precision Molded Aspheric Optics

Isolators

Optical Assemblies

Role:

Mfg: High volume, higher labor content,

low labor cost

Purchasing: Material consolidation

Sales: Asia sales headquarters

China Operational Goals

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Reduce manufacturing cost:

–

Lower wage

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Lower cost for utilities and rental

–

Lower materials cost

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Increase manufacturing capacity

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Penetrate into the China/Asia market

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Expand product portfolio –

by outsourcing and R&D

QUALITY MANAGEMENT SYSTEM

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ISO

9001:2000

Re-Registered

December

2007-Orlando

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ISO 9001:2000 Registered in September 2006-Shanghai

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Current products in ISO System:

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Precision Molded Aspheres

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Gradium Lenses

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Collimators

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Isolators

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Quality System documentation is accessible via our ISONET

system:

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Terminals throughout the building.

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Accessible also through any computer.

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Incorporates procedures, work instructions, engineering drawings, specification

documents, internal audit schedule, steering committee meeting minutes.

Quality

Eco-Aspheres and Isolators

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“RoHS”

European Union Standard that restricts the use of certain hazardous

materials such as lead and mercury-

compliant glass requirement went into

effect July 1, 2006 (with some exceptions)

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“JGPSSI”

(Japan Green Procurement Survey Standardization Initiative)

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Banned Substances

Lead, Mercury, Cadmium, Chromium, PBB, PBDE

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LightPath Isolators Comply with Regulations

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LightPath Aspheric Lenses in production with New Lead-Free Glass (ECO550

& New High Temp Glasses)—comply with Regulations

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Provides Environmentally-Friendly Components

without Sacrificing Performance

Environmentally-Friendly

At the most basic component level form typical Optical systems are

made

groups--

Making

Light,

Managing/Processing

Light and Measure Light.

LightPath addresses a major portion of managing light.

We are experts in the optical portion of managing light-----we do not

address vibration control, Motion control Mechanical----we just perfect

the optics and broaden the portfolio

Laser

Optics

Imaging

Make Light

Manage/Process Light

Measure Light

Where we fit in Optical World

A single aspheric lens can replace a

series of spherical lenses with

equivalent or better performance.

The solution is more compact, uses

less material and is easier to align.

Spherical vs. Aspheric Lenses

Why Aspheres?

Glass aspheric lenses are made primarily from one of three

methods:

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Compression Molding (LightPath method)

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CNC Machines (mechanically grinding)

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Diamond Turning (single point cutting)

Aspheric Lens Manufacturing Methods

Design

Centers

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Orlando

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Service World Markets

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Service High Performance Designs

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Service Military & Defense

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Shanghai

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Service China Market

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Service overload from Orlando

New Direction

New CEO

Low Cost Structure

Key Elements for Change

Be the

lowest

cost

producer

and

price competitive

Participate in higher volume/revenue segments

Broaden revenue base: Laser, Imaging, Infra red, Hi-Power

Collimator

Leadership to implement low cost culture

Operational excellence in quality and on-time delivery

World class design system to attract customers and win large

volume orders: Quote to Shipment –

days

Execution and performance to enhance shareholder return

China Operations

Low Cost Hi-Temp Glass

Viper Press

Ceramic Tooling

Three pronged approach matches LightPath core business and

strengths to distinct markets

Synergistic technology base supports all products

(aspheres, IR, collimators)

Scalable, flexible manufacturing platform allows for rapid expansion

LightPath is extremely well positioned for emerging global markets

LPTH USA

Hi Performance Products

LPTH Shanghai China

Commodity Products

LPTH Shanghai China

Hi Mix Content Products

LPTH

Strategy

LPTH USA & Europe

Hi Performance Products & Quick Turn Custom

Aspheres

Automotive, Medical, Instrumentation, Micro

Projection, Industrial, Defense Market & Distribution

LPTH Shanghai China

Commodity Products

Cell Phone, Digital

Camera, CCTV

LPTH Shanghai China

Hi Mix Content Mid

volume Products

Industrial, Telecom,

Instrumentation, Laser

Levels, Medical,

Automotive &

Distribution

LPTH

Business

Strategy

Yesterday

2008

2009 & Beyond

Domestic

International

World Wide

Custom

Precision

Commercial

Laser Focus Lens

Laser & Imaging

Primarily Telecom

Diversified Market

Broad Market

$20 M SAM

$50 M SAM

$ 200 M SAM

Low Volume

High Volume

2004

2008

85%

Communications

Industrial

Distribution

27%

15%

21%

17%

12%

Communications

Military

Industrial

Medical

Distribution

China PMO

Yesterday

Labor---USA

Press---Air & Glove Box

Holders---Outsourced

Tooling---Soft

Glass---CO550

Coating---Small runs

2009 & Beyond

Labor---China

Press---New Viper

Holders---In House

Tooling---Hard

Glass---Low Cost China

Coating---Volume

An order of magnitude improvement in cost

2008

Labor---China

Press---New Viper

Holders---In House

Tooling---Soft

Glass---ECO550

Coating---Small runs

Cost Drivers

Cell Phone Cameras

(Imaging)

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Japanese –

$2-$5 per Lens Assembly

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Taiwan

China

$0.60

$0.70

per

Plastic

Lens Assembly (VGA or 1.3 MP)

3 MegaPixels:

China Manufacturers delivered 500,000 Units in 2006

Total Available Production Capacity: 200,000 per month.

(GlobalSources, May 2007)

Security & Defense

Currently 50,000 commercial thermal imaging detectors sold each year

Average selling price for lenses is around $125.

Total market size of $6.25 Million.

2010 -

Automotive applications are estimating 500,000 per year.

Lens average selling price of $50

Total market size of $25 Million.

Automotive

Night Vision System display currently available in BMW 5 series ($44K

and up MSRP)

Cell

Phone

Projection

3 aspheres inside this unit for RGB (red-green-blue)

(LightPath Internal & ULIS Internal).

Imaging Market

(Other)

Key Facts

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Wavelength

Range

glasses

–

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Diameter up to 25mm currently

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Aspheric Lenses Reduce the Lens Component Count in System

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Molded Optics Improved reproducibility lens to lens

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Diffractive Features for Thermal Compensation

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Can mold optic into Metal Structures

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Low Dispersion

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Improved Transmission at

Elevated Temperature

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Custom Designs Available

Molded LWIR/MWIR Aspheric Lenses

Black Diamond™

LWIR Aspheres

Molded LWIR/MWIR Aspheric Lenses

LightPath is working in conjunction with the

Navy, Air Force, & Lockheed Martin to develop molding

process

for

larger

infrared

lenses

through

the

SBIR

program.

SBIR Topic N06-025

Molding Technology for Low-Cost Infrared Chalcogenide Glass Optical

Components

Phase

Completed

Feasibility

Molding

Chalcogenide

Delivered

molded

samples

Phase

Completed

Deliver

production

units

Phase

Development

Larger

Diameter

molded

lens

Differentiation

Laser

Industry Leader

Low capitalization investment

Scalable platform

Brand recognition

Low cost producer

Molds (Inconel) for quick turns as well as (Ceramic) for higher volume

Strong patent position

Quick Turns—time to prototype, time to market, time to volume

Standard & Custom (Low design cost)

22 years design experience

Collimators

Patented Fiber fusion process

High Power applications in Fiber lasers

20 Years design experience

Custom capability (Small beam, large beam, micro-pellet, Isobeam)

LightPath’s Strengths:

IR Imaging

Competitive technology is capacity constrained

Molding vs

diamond turning---saving time, cost and material

Proprietary molding technology

Synergistic with our existing manufacturing platform

Enabling technology for automotive industry and other high

volume applications

Well positioned for high volume production

Molding process

Shanghai factory

World class optical designers

Imaging

/Consumer

Significant growth opportunity

Supply Agreement with China’s largest optical glass mfg---preferred glass cost

Low cost quick turn designs (time to prototype, time to market, time to volume)

Differentiation

continued

Competitive Position

Hoya

Largest world competitor

Focus on cell phones & digital cameras

Large market share

Not flexible

Only designs with millions of units committed

Good customer interface

Excellent quality

Excellent delivery

Alps

Large competitor

Focus on communications & digital cameras

Getting more aggressive on price

Not flexible on design side

Only designs for large customer opportunity

Good customer interface

Excellent quality

Excellent delivery

LightPath

Quick to market

Quick to volume

World class optical design

Flexible process (machines—tools—glass)

Automated design process

Low design costs technology—(MIP, Hybrid)

Excellent Quality

US & Asian Design centers

Aggressive price position

Excellent technical support

Brand recognition

Supply Agreement with CDGM glass company

China factory

Entrepreneurial

LightPath is ready with its new business model.

New CDGM/LightPath Supply Agreement

China Manufacturing Operation

High Temperature low cost optical glass

Ceramic Molds

New enhanced LightPath Viper press

Moldable IR Glass

Power collimators for high power fiber laser market

Design center teams in China & Orlando -

rapid design and prototypes

No further development is required…………………….

Summary