Management Reaffirms Commercialization Pathway
with Licensing Perkinamine® Electro-optic
Polymers and Product Sales of High-Speed
Modulators
ENGLEWOOD, Colo., June 3, 2024
/PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology
platform company leveraging its proprietary electro-optic (EO)
polymers to enable next generation high speed data transmission at
low power consumption and small foot-print, today, announced the
reaffirmation of commercial timelines as noted at the Company's
Annual Shareholder Meeting (ASM) on May 22,
2024.
As artificial intelligence, machine learning, and other
cloud-based services continue to drive the need for higher speed
data transmission, the interest in the inherent wide bandwidth, low
power consumption and footprint of Lightwave Logic proprietary
Perkinamine® electro-optic (EO) polymers is growing. As a
result, the company continues to diligently pursue commercial
material supply licensing agreements in 2024 and expects the
cadence to grow in 2025 and beyond. The company focus today
is on Tier 1 companies who have shown keen interest in our
Perkinamine® materials. The company demonstration of world class
high speed and low power performance earlier this year has
accelerated the industry interest in Lightwave Logic's solution
which has grown to over 25 companies to date. An updated
presentation from the Annual Shareholder Meeting is available at
the company's website (click here).
Dr. Michael Lebby, Chairman and
Chief Executive Officer of Lightwave Logic, said: "We remain
confident in the inherent competitive advantage of our solution and
in our commercialization prospects and pipeline for 2024, and we
continue to focus on Tier 1 material supply licensing agreements as
well as having our polymer high-speed modulators evaluated by fiber
optic communication companies. Our team continues to work
tirelessly to realize near-term commercial agreement goals for
2024, 2025, and beyond as part of our ultimate goal to create
sustainable, long-term value for our fellow shareholders."
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) develops a platform
leveraging its proprietary engineered electro-optic (EO) polymers
to transmit data at higher speeds with less power in a small form
factor. 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 www.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
Managing Director
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
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SOURCE Lightwave Logic, Inc.
