LightPath Technologies to Launch New Optical Gas Imaging Camera for Oil & Gas Applications at CH4 Connections Conference

Leading Methane Emissions Conference Taking Place October 15-16, 2024, in Fort Collins, Colorado

ORLANDO, Fla., Oct. 15, 2024 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced the launch of a new Optical Gas Imaging ("OGI") camera platform to detect fugitive gas emissions for oil and gas applications at the CH4 Connections Conference taking place October 15-16, 2024, in Fort Collins, Colorado.

In conjunction with the Company's exhibition at the event, LightPath will introduce the new OGI Camera, a specialized technology utilizing infrared (IR) cameras to detect and visualize emissions such as methane in industrial settings. OGI cameras are capable of visualizing gases that are invisible to the naked eye by detecting the infrared energy absorbed or emitted by the gases. LightPath's purpose-built OGI camera leverages a non-germanium lens to improve upon current technologies by offering a cost-effective, higher sensitivity and ultimately more effective solution.

OGI is particularly useful for detecting methane, volatile organic compounds, hydrocarbons, and other industrial gases that can be harmful to the environment or human health. It is widely used for leak detection and repair programs, regulatory compliance, and safety inspections in industries such as oil and gas, chemical manufacturing, and power generation.

The 11th annual CH4 Connections conference brings together prospective customers, thought leaders, researchers, industry experts, regulators, policymakers, and environmental advocates to address current research on methane emissions, technologies to detect and mitigate emissions, policy and regulatory frameworks, and business implications and opportunities. Straits Research found the gas sensor market totaled $2.5 billion in 2023, with significant further upside as additional regions outside the United States and European Union begin to implement stricter regulations.

"OGI has become an essential tool in industries where managing gas emissions is critical for both regulatory and operational reasons, and to that end, we are excited to introduce our newest camera variant to attendees at the CH4 conference," said Sam Rubin, President and Chief Executive Officer of LightPath. "The camera will help meet a critical need as the EPA and EU have recently established regulations for the use of OGI, particularly in industries such as oil and gas, to help monitor and reduce fugitive emissions of harmful gases such as methane, volatile organic compounds, and other air pollutants. Several states, such as California, Colorado, and Pennsylvania, have their own regulations that either align with or exceed EPA standards for OGI use.

"Our OGI purpose-built camera with a non-germanium lens improves on current emission detection technology, as the industry's legacy solutions are either too costly for wide deployment, or less sensitive and only able to detect larger leaks. We address both of these pain points with a cost effective, incredibly sensitive camera that doesn't require use of a proprietary software – allowing prospective customers to satisfy regulations with a practical solution that can monitor for years on end," concluded Rubin.

LightPath will exhibit at booth #48L from October 15-16, 2024. Company staff will be available for meetings to discuss the newest OGI camera variant.

About CH4 Connections Conference

GTI Energy and Colorado State University Energy are hosting the 11th annual CH4 Connections conference. For 11 years, the conference has promoted the open exchange of ideas from leading thought leaders, researchers, industry experts, regulators, policymakers, and environmental advocates. Speakers will address current research on methane emissions, technologies to detect and mitigate emissions, policy and regulatory frameworks, and business implications and opportunities.

National focus has escalated around characterizing and managing methane emissions. Better measurement of methane emissions is an essential first step but CH4 Connections will highlight the importance of measurement data being understandable and usable by the operators that are going to have to mitigate those emissions. The conference will focus on how to effectively decarbonize our energy systems and the role of methane emission mitigation in these efforts. For more information visit the conference website.

About LightPath Technologies

LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, Latvia and China. To learn more, please visit www.lightpath.com.

Forward-Looking Statements

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