LightPath Technologies acquisition of Amorphous Materials marks a pivotal expansion for the optics and infrared imaging specialist. On 20 January 2026, LightPath (NASDAQ: LPTH) agreed to purchase key assets of Amorphous Materials, Inc. (AMI) for $7.0 million in cash plus up to $3.0 million of equity contingent on technical milestones. This strategic step extends LightPath’s proprietary glass capabilities and broadens its manufacturing footprint in high‑value optical materials.

The transaction is expected to be accretive and generate approximately $3.0 million in annual revenue while incorporating AMI’s established technology and customer relationships.

Strategic benefits of the acquisition

The acquisition significantly enhances LightPath’s operational platform by:

• Delivering proprietary large‑diameter chalcogenide glass melting technology vital for advanced infrared optics.
• Increasing BlackDiamond™ glass production from a 5‑inch maximum diameter to up to 17 inches, enabling supply into larger sensor and optical assemblies.
• Establishing a second NDAA‑compliant manufacturing site in Plant, Texas, complementing existing capacity in Orlando, Florida.

These capabilities position LightPath to more effectively serve defense and space markets that demand large, high‑performance infrared optical components.

Financial and market implications

This acquisition aligns with LightPath’s broader strategic vision to integrate vertically within the $9 billion infrared imaging market. AMI’s established operations, dating back more than five decades, contribute a portfolio of complementary glass materials alongside proven processes for high‑precision manufacturing.

While the majority of AMI’s current revenue derives from a single Tier‑1 defense customer, combining these sales with LightPath’s broader portfolio could support diversified growth and greater long‑term stability.

Operational integration and future growth

LightPath executives indicate that merging AMI’s glass capacity into their existing manufacturing base will expedite readiness for new applications and support the adoption of larger BlackDiamond™ optics across defense and commercial sensors. In addition, the redundant NDAA‑compliant facility in Texas enhances supply chain resilience.

Industry stakeholders will be watching how rapidly the expanded capacity is assimilated and whether margins improve as higher‑value IR products are developed and delivered.