|By PR Newswire||
|January 27, 2014 10:30 AM EST||
NEWARK, Del., Jan. 27, 2014 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQB: LWLG), a technology company focused on the development of Next Generation Photonic Devices and Non-Linear Optical Polymer Materials Systems for applications in high speed fiber-optic data communications and optical computing, announced today that it has created a new methodology to combine multiple chromophores into a single polymer host that will significantly improve its ability to generate more powerful organic non-linear all optical polymers. The Company will file two new provisional patents relating to this methodology.
Lightwave's new synthetic chemistry process can enable multiple chromophores (dyes) to work in concert with each other within a single polymer host. This proprietary process has created two new material systems, which have demonstrated outstanding electro-optic values. In addition, initial thermal stability results exceed any commercially available organic nonlinear polymer material systems. The company and its strategic partners are currently analyzing key performance properties, including aging data, before incorporating the material systems into any of Lightwave's advanced photonic device designs.
Tom Zelibor, Chief Executive Officer stated, "This unique approach to EO polymer development allows for a greater concentration (loading) of the chromophore compound with the selected polymer host, which is now more accurately a material system rather than a single material. This will result in more powerful organic polymer enabled photonic devices to target product opportunities in the multi-billion dollar telecommunications and data communications markets that are desperate for faster data rates, reduced cost and flexible of form factors.
"The demand for devices that can move 100 Gb/s at a price point under $500 per gigabit is in the millions of units per year and we believe organic polymers can achieve this capability and price. Currently the number is around $1,400 per gigabit."
Lou Bintz, Vice President Product Development stated, "In addition to being able to combine chromophores into a single host polymer, we can also manipulate the periphery of our core Perkinamine™ chromophores. We now have the flexibility of a nanoscale molecular 'range of color' that allows us to adjust the absorption properties of the EO polymers to address the individual frequency requirements of specific applications."
Dr. Joseph Miller, an independent Company director and the former Chief Technology Officer of Corning, Inc. commented, "I have performed an extensive review of Lightwave's entire chemical synthesis program and was extremely impressed by the direction of this effort. More importantly, I was impressed with the initial results from the work being conducted by Lightwave's in-house synthetic chemistry team, which has rapidly produced these two new material systems that possess outstanding characteristics."
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Lightwave Logic, Inc. is a development stage company that produces prototype electro-optic demonstration devices and is moving toward commercialization of its high-activity, high-stability organic polymers for applications in electro-optical device markets. Electro-optical devices convert data from electric signals into optical signals for use in high-speed fiber-optic telecommunications systems and optical computers. For more information, about the Company please visit the corporate 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; other risks to which our Company is subject; other factors beyond the Company's control.
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