Lightwave Logic & University of Colorado, Boulder (UCB) Complete First Optical Structures for Integrated Optical Devices
Company to Consolidate Prototype Design Efforts at UCB
NEWARK, Del., June 7, 2013 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQB: LWLG), a technology company focused on the development of a Next Generation Non Linear Optical Polymer Materials Platform for applications in high speed fiber-optic data communications and optical computing, announced today that it has completed the first set of optical structures that will be used as the basic building blocks of their Integrated Optical Device effort. Furthermore, they will be consolidating the EM Photonics effort into the UCB program.
The optical devices consist of a commonly used Mach Zhender interferometric modulator and waveguide structures that have been successfully fabricated with one of the Perkinamine™ family advanced electro-optical polymers.
Tom Zelibor, Chairman and Chief Executive Officer of Lightwave Logic commented, "The structures that have been recently fabricated by Dr. Alan Mickelson at UCB are an important first step in the construction of both our advanced telecom modulator and data communications transceiver. I am very impressed with the quality of the film deposition and the speed at which these structures have been developed. In consideration of this, I am consolidating our parallel design program recently initiated at EM Photonics into the UCB effort.
"We have found that the structures produced at UCB are compatible with our materials and their device structure and processes have already been passively tested. The next step will be to determine the electronic coupling design and poling process to calculate the resulting electro-optical activity of the Perkinamine™ Family of materials. With satisfactory results, we can begin the final assembly of initial prototypes.
"When working prototypes are in hand, we will demonstrate to potential customers, some whom we have already worked with previously. They represent a total market of many billions of dollars. Their demand is increasing for high-speed integrated optical devices that can increase data transmission rates and reduce power requirements in response to an insatiable growth in bandwidth requirements."
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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, please visit the Company's website, www.lightwavelogic.com.
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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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