LightPath Technologies to sell China unit for $4.5M in installments

LightPath Technologies, Inc. (NASDAQ: LPTH) has signed a definitive agreement to sell its wholly owned Chinese subsidiary, LightPath (Zhenjiang) Optical Instrumentation Co., Ltd. (LPOIZ), to an entity owned by members of the facility's existing management team, according to a company statement.

The sale price is $4.5 million, to be paid in installments over five years following the closing. The transaction is expected to close within the coming weeks, subject to customary closing conditions.

Upon closing, LightPath will no longer have any facilities or operations in China. The company said the buyer will continue to supply LightPath with products for its commercial customers in the U.S. and Europe as a third-party vendor.

LightPath said its China operation generated an average of approximately $4.5 million in annual revenue from third-party customers during fiscal years 2025 and 2026 (preliminary). That revenue will no longer be included in LightPath's consolidated results after the transaction closes.

Sam Rubin, President and Chief Executive Officer of LightPath, said the divestiture completes the company's "multi-year transformation into a Western-aligned, vertically integrated provider of optics and infrared imaging solutions." Rubin added that operating without any ownership or commercial activity in China "strengthens our position as a trusted supplier of secure, NDAA-compliant optics and imaging systems, while reducing geopolitical risk."

LightPath's primary manufacturing operations are located in Orlando, Florida, with additional facilities in Texas, New Hampshire, and Latvia.

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