Lightwave Logic Reports Receipt of Positive Initial Results from Potential Microelectronics Customer Targeted Development Effort with Perkinamine Indigo™ is Now Underway

NEWARK, Del., April 2, 2013 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQB: LWLG), a technology company focused on the development of a Next Generation Non Linear Optical Polymer Materials Platform and Optical Devices for applications in high speed fiber-optic data communications and optical computing, announced today that preliminary testing results on devices recently coated with Perkinamine Indigo demonstrated several of the key performance parameters desired by our potential microelectronics customer.  The areas tested included film quality, optical throughput, insertion loss, thermal stability, poling signature and electro-optic modulation. 

Tom Zelibor, Chairman and Chief Executive Officer of Lightwave Logic commented, "After reviewing the results with our potential customer, we are confident that Perkinamine Indigo has several desirable characteristics that give us a competitive advantage.  The microelectronics company has expressed similar satisfaction with these results and has requested to use our Perkinamine Indigo chromophore with a proprietary host polymer they are evaluating.

"We are very satisfied with these initial results which were in line with several of our own internal tests.  While we remain unaware of the specific application, we do know that Perkinamine Indigo has passed the first hurdle for many of the requirements.  The task at hand for us is to optimize certain engineering aspects by realigning our internal research to work more closely with our potential customer to address this exciting opportunity."

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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.

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. Forward-looking statements involve risks and uncertainties, such as statements about our plans, objectives, expectations, assumptions or future events. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "will," "could" and similar expressions denoting uncertainty or an action that may, will or is expected to occur in the future. These statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results, performances or achievements expressed or implied by the forward-looking statements. You should not place undue reliance on these forward-looking statements. Factors that that are known to us that could cause a different result than projected by the forward-looking statement, 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" contained within our latest Annual Report on Form 10-K filed with the SEC; other risks to which our Company is subject; and other factors beyond the Company's control. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

For Further Information Contact:

Steven Cordovano
Lightwave Logic
203-952-6373
steve@lightwavelogic.com

SOURCE Lightwave Logic, Inc.



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