Exhibit 23.1


                    CONSENT OF KPMG LLP, INDEPENDENT AUDITORS

The Board of Directors
LightPath Technologies, Inc.

We consent to incorporation by reference in the registration  statements  (No.'s
333-41705, 333-92017, 333-96083, 333-50976 and 333-50974) on Form S-8 and (No.'s
333-37443,  333-39641, 333-93179, 333-94303, 333-37622, 333-47992 and 333-51474)
on Form S-3 of LightPath Technologies,  Inc. of our report dated August 1, 2001,
relating to the consolidated balance sheets of LightPath  Technologies,  Inc. as
of  June  30,  2001  and  2000,  and  the  related  consolidated  statements  of
operations,  stockholders' equity and cash flows for the years then ended, which
report  appears in the June 30, 2001,  annual report on Form 10-KSB of LightPath
Technologies, Inc.

                                              /s/ KPMG LLP

Albuquerque, New Mexico
August 28, 2001