Company Further Strengthens IP Portfolio and
Commercial Opportunities with Patent Issuance for Innovative
Chromophore Design Using Novel Thiopene Bridge, Increasing Overall
EO Polymer Performance.
ENGLEWOOD, Colo., May 31, 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 an
advanced chemical structural design that enhances the overall
performance of non-linear organic optical chromophores using a
novel thiophene bridge.
The patent – entitled "Nonlinear Optical Chromophores, Nonlinear
Optical Materials Containing the Same, and Uses Thereof in Optical
Devices" (Patent No. US 11,661,428) – details an innovative organic
chromophore design using a novel 'thiophene bridge' to
significantly improve material performance in a production
environment. This is accomplished by designing thiophene-containing
bridging groups that are positioned between the electron-donating
and electron-accepting ends of the chromophore. These designs
provide nonlinear optical chromophores with significantly improved
optical properties and improved stability.
Dr. Michael Lebby, Chairman and
Chief Executive Officer of Lightwave Logic, commented: "I am
pleased to announce the issuance of this exciting new patent, based
on a novel thiophene bridge design, which we expect will help us
progress our commercial discussions with other potential customers.
The fortification of our patent portfolio, with innovative new
patents such as this, will be critical as we progress our
commercialization journey – all with the goal of creating
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.
