LPTH - LightPath Technologies and QuantLR join forces to develop free-space quantum encryption system

• LightPath Technologies ( NASDAQ: LPTH ) and QuantLR to develop a ground-to-satellite, ground-to-air, ground-to-ground, and satellite-to-satellite free space optical communication channels, which will be used for a generation of quantum encryption keys, enabling secure quantum communication.
• QuantLR is an Israeli-based Quantum technology company that enables global mass deployment of Quantum Cryptography.
• Sam Rubin, CEO commented, "Quantum communication is set to become an integral component of secure communications and part of the global drive towards the use of quantum computing. The technology LightPath is developing for this effort will also be further applied to infrared imaging, enabling new capabilities in airborn infrared imaging, which aligns well with LightPath's strategic direction."
• Stock slumps 4.6% after hours.

For further details see: