LightPath Technologies Inc. has reported an increase in demand in the market of molded aspheres for consumer and industrial laser tools. According to the company, current open orders for these products are valued over $1.8 million with more than 25 percent growth anticipated over the next several quarters. After a year of volume production shipments to multiple OEM manufacturers, the acceptance of molded aspheres as a replacement for spherical doublets and triplets has surpassed LightPath's initial expectations. Molded aspheric lenses are being adopted because they provide a cost savings and are easier to assemble over traditional high volume spherical doublet and triplet lenses without sacrificing performance. “The success of our laser tool line of aspheric lenses is a demonstration of our capabilities in providing a low cost platform for the manufacture of high precision glass molded aspheric lenses. We are currently providing lenses to four major OEM producers and several smaller manufacturers and have been qualified by a fifth major OEM,” said Jim Gaynor, CEO of LightPath. “We anticipate continued growth in this multi-million dollar market segment going forward and continued production increases over the next several quarters.” For more information, visit: www.lightpath.com