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LightPath Technologies Completes $1 Million Private Placement

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ALBUQUERQUE, N.M., Aug. 10 -- LightPath Technologies Inc. announced the completion of a $1 million private placement of convertible debentures and attached warrants. Fahnestock & Co. Inc. of New York managed the placement. Don Lawson, president and CEO of LightPath, commented, We are pleased with Fahnestock's participation in the placement of this expansion capital. It will be used to increase our delivery capability for the rollout of the single mode fiber collimating product line based on our proprietary laser fusion technology. Lawson went on to note, Orders for our telecom-related...Read full article

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    Published: August 1999
    CommunicationsenergyNews & Features

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