LightPath Technologies Secures Phase 2 Funding From U.S. Defense Department To Qualify Additional BlackDiamond Material As Germanium Substitute
Portfolio Pulse from Benzinga Newsdesk
LightPath Technologies has received Phase 2 funding from the U.S. Defense Department to further qualify its BlackDiamond material as a substitute for Germanium. This follows a successful Phase 1 qualification and aims to advance strategic defense material solutions.
October 03, 2024 | 12:33 pm
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LightPath Technologies has secured Phase 2 funding from the U.S. Defense Department to qualify its BlackDiamond material as a Germanium substitute, following a successful Phase 1. This partnership aims to enhance strategic defense material solutions.
The Phase 2 funding from the U.S. Defense Department indicates strong governmental support and potential future revenue streams for LightPath Technologies. The successful Phase 1 qualification suggests that the company is on track to meet defense needs, which could positively impact its stock price.
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