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LightPath Completes $4.5 Million Sale of China Unit

The optics maker closed a previously announced sale of its China subsidiary that leaves it with no facilities or operations in China.

LightPath Technologies, Inc. (LPTH) closed the previously announced sale of LightPath (Zhenjiang) Optical Instrumentation Co., Ltd., the optics maker’s wholly owned China subsidiary, completing a multi-year shift to a Western-aligned manufacturing footprint.

The Orlando-based provider of next-generation optics and imaging systems for defense and commercial applications agreed in July to sell the subsidiary, including its manufacturing facility and operations in China, for $4.5 million, payable in installments over five years. The purchaser is an entity owned by certain of the facility’s incumbent management team.

Upon closing, LightPath said it will not have any facilities or operations based in China, reinforcing its position as a trusted provider of secure, NDAA-compliant optics and imaging solutions for defense and commercial markets.

“Completing the sale of our China operations marks the culmination of LightPath’s multi-year transformation of our manufacturing infrastructure,” said Sam Rubin, President and Chief Executive Officer of LightPath.

The company said the purchaser will continue to supply LightPath with products for the company’s commercial customers in the U.S. and Europe as a third-party vendor, providing continuity of supply with no expected impact to LightPath’s customers.

For fiscal years 2025 and 2026 (preliminary), LightPath generated an average of approximately $4.5 million of annual revenue from third-party customers of the China operation, which will no longer be included in LightPath’s consolidated revenue upon closing.

Rubin had said in July that as the business increasingly serves defense and public safety customers, operating with no ownership or commercial activity in China strengthens LightPath’s position as a trusted supplier of secure, NDAA-compliant optics and imaging systems, while reducing geopolitical risk for both the company and its customers.

The company’s primary manufacturing footprint is located in Orlando, Florida, with additional facilities in Texas, New Hampshire, and Latvia.

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