Company Fortifies IP Portfolio with Patent
Issuance for Innovative Polymer Cladding Design to Enhance Polymer
Modulator Performance in a Manner Amenable to High-Volume Foundry
Production
ENGLEWOOD, Colo., May 18, 2023
/PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology
platform company leveraging its proprietary electro-optic polymers
to transmit data at higher speeds with less power, today
announced the issuance of a U.S. patent for a cutting-edge design
technique, enhancing the performance of polymer modulators through
the use of innovative polymer cladding design that is amenable for
high-volume foundry fabrication when integrated with silicon
photonics.
The patent – entitled "Electro-optic polymer devices having high
performance claddings and methods of preparing the same" (Patent
No. US 11,614,670 B2) – details a novel fabrication process that
allows Lightwave Logic's proprietary polymers to perform more
effectively and to be fabricated by silicon foundries in a
high-volume manufacturing environment. It also introduces a more
efficient process for improving the performance of the polymer
claddings, leading to increased poling efficiency and lower losses
in both optical and RF aspects.
Dr. Michael Lebby, Chairman and
Chief Executive Officer of Lightwave Logic, commented: "The
issuance of this patent is another exciting IP milestone for
Lightwave Logic, fortifying our intellectual property portfolio and
showcasing our commitment to potential customers. Concurrently,
this new patent is helping us move forward with our commercial
discussions through the enabling of enhanced performance and
simplified manufacturing of our polymer modulators with silicon
photonics. As we continue our commercialization journey, I firmly
believe that our continued innovation will create sustainable,
long-term value for our shareholders."
About Lightwave Logic, Inc.
Lightwave Logic, Inc.
(NASDAQ: LWLG) is developing a platform leveraging its proprietary
engineered electro-optic (EO) polymers to transmit data at higher
speeds with less power. The company's high-activity and
high-stability organic polymers allow Lightwave Logic to create
next-generation photonic EO devices, which convert data from
electrical signals into optical signals, for applications in data
communications and telecommunications markets. For more
information, please visit the company's website
at lightwavelogic.com.
Safe Harbor Statement
The information posted in this
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. You can
identify these statements by use of the words "may," "will,"
"should," "plans," "explores," "expects," "anticipates,"
"continue," "estimate," "project," "intend," and similar
expressions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated. These risks and uncertainties
include, but are not limited to, lack of available funding; general
economic and business conditions; competition from third parties;
intellectual property rights of third parties; regulatory
constraints; changes in technology and methods of marketing; delays
in completing various engineering and manufacturing programs;
changes in customer order patterns; changes in product mix; success
in technological advances and delivering technological innovations;
shortages in components; production delays due to performance
quality issues with outsourced components; those events and factors
described by us in Item 1.A "Risk Factors" in our most recent Form
10-K and 10-Q; other risks to which our Company is subject; other
factors beyond the company's control.
Investor Relations Contact:
Lucas A.
Zimmerman
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
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SOURCE Lightwave Logic, Inc.
