#United States #Orlando #Lightpath #Unusual Machines #Ondas Holdings

LightPath Technologies Secures $8 Million Investment for Drone Technology

In a significant move aimed at enhancing its capabilities in the drone sector, LightPath Technologies, Inc. (NASDAQ: LPTH) has finalized a definitive agreement with Ondas Holdings Inc. (NASDAQ: ONDS) and Unusual Machines Inc. (NYSE American: UMAC) for an $8 million private placement of its Class A common stock. This substantial investment is poised to accelerate LightPath's initiatives in the deployment of next-generation optics and imaging systems in the ever-evolving drone industry.

Details of the Investment

The private placement entails the sale of 1,600,000 shares of common stock at $5.00 per share. Both Ondas Holdings and Unusual Machines have each committed to purchasing $4 million worth of shares. The funds generated from this transaction will be utilized for working capital to drive important commercialization efforts and meet other corporate needs. The finalization of this deal is anticipated to occur around September 17, 2025, contingent upon meeting customary closing conditions.

Voices from the Leadership

Eric Brock, Chairman and CEO of Ondas Holdings, expressed his enthusiasm about the investment, stating that LightPath's innovative solutions could significantly enhance the capabilities of drones and promote their wider adoption. "We provide solutions across various sectors including rail, energy, and public safety, and the integration of LightPath's technology allows us to reduce the size, weight, and cost of camera systems, ultimately facilitating our mission-critical networks and autonomous drone applications."

Meanwhile, Allan Evans, CEO of Unusual Machines, noted the growing demand for drones, particularly in defense sectors, affirming that LightPath’s proprietary BlackDiamond™ Glass provides a cost-effective alternative to Germanium. His comments highlighted a strategic pivot towards U.S. manufacturing amid export restrictions impacting supply chains.

Advancing the Drone Industry

LightPath's CEO, Sam Rubin, underscored the strategic importance of aligning with two prominent drone industry players, suggesting that this partnership will enhance the deployment of their uncooled camera technology in drone applications. He anticipates that these collaborations will leverage their complementary strengths, enabling the application of infrared cameras in diverse use cases ranging from infrastructure inspection to search and rescue operations. Rubin optimistically stated, "Our capability to construct highly customized thermal cameras positions us to significantly contribute to the rapidly expanding drone market."

Earnings Call Announcement

In conjunction with this announcement, LightPath Technologies will be hosting an investor conference call at 5:00 PM Eastern time on September 25, 2025. This call will provide insights into the company's fourth quarter fiscal 2025 financial results, an update on corporate developments, and an interactive question-and-answer session. Interested participants are encouraged to join the call using the provided dial-in information to ensure participation.

About the Companies Involved

LightPath Technologies

LightPath is renowned for its advancement in optics and imaging systems tailored for both defense and commercial applications. The firm's manufacturing capabilities are anchored in Orlando, Florida, supplemented by facilities in Texas, New Hampshire, Latvia, and China. Their proprietary technology, including the BlackDiamond™ chalcogenide-based glass, underscores their commitment to innovative optical solutions.

Ondas Holdings Inc.

Ondas Holdings provides autonomous systems and private wireless solutions, enhancing operational efficiency across critical industries. Their portfolio includes various AI-powered platforms designed for defense and security, contributing to a safer environment across numerous applications.

Unusual Machines

Unusual Machines specializes in manufacturing drone components and is focused on establishing itself as a dominant player in the growing U.S. drone parts market. Their product range includes FPV ultra-low latency video gear and a range of consumer drones, catering to the rapidly evolving regulatory landscape of drone technology.

In summary, this $8 million investment marks a pivotal moment for LightPath Technologies as it aims to enhance its offerings in the dynamic drone market. The collaborative efforts between these industry frontrunners could set new benchmarks in drone technology, pushing the sector towards unprecedented advancements and wide-scale applications.