Lightwave Logic to Co-Develop Advanced Electro-Optical Modulator with EM Photonics
Device to Incorporate Perkinamine Indigo™, Lightwave Logic's Advanced Organic Electro-Optical Polymer
NEWARK, Del., March 12, 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 engaged EM Photonics, of Newark, Delaware, to develop an advanced telecom modulator. The two companies will collaborate on the project, with guidance from Dr. Fred Leonberger, Senior Technology Advisor to Lightwave Logic. EM Photonics is a Delaware-based photonic system design, engineering and device company founded by Dr. Dennis Prather of the University of Delaware.
Tom Zelibor, Chairman and Chief Executive Officer of Lightwave Logic, commented, "I am extremely pleased to enter into this agreement with EM Photonics. It will be great to work with Dr. Prather, his team and to leverage the capabilities resident at the University of Delaware. We have been in discussions for several months and have found the EM Photonics team to be world-class device designers and developers with extensive organic polymer experience. We anticipate that this first program will be part of a multi-phase engagement.
"As a result of our previous microelectronics-company development efforts, we have significantly advanced our abilities in all the key process areas necessary to move forward with this important project. With Fred Leonberger's expertise and guidance, and EM Photonics' extensive device capabilities along with their sister company, Lumilant Inc., I am very optimistic about achieving the ultimate goal, which is an organic electro-optic modulator with performance parameters and data rates significantly advanced over legacy modulators -- for example with dramatically reduced drive voltage."
Dr. Fred Leonberger stated, "The market for an ultra-high-speed modulator operating at low drive voltage is an enormous commercial opportunity. Now that the properties of Perkinamine Indigo™ are better understood, it will be central to the designs we have contemplated. I am extremely impressed with the EM Photonics team and I am very confident that we will be able to execute this first task very well."
Dr. Dennis Prather added, "We have worked with many different organic electro-optic polymers and I am very impressed with the potential of Perkinamine Indigo™. The combination of extremely high electro-optical activity along with superior thermal and chemical stability is very promising. We now need to have it operate in a polymer device. We all are excited to work with Fred Leonberger and the team at Lightwave Logic. I look forward to expanding the relationship to other devices in the future."
EM Photonics, Inc.
EM Photonics is a decade old company that develops high performance computing and embedded systems solutions primarily for image processing, scientific computing, and linear algebra fields. Solutions resolve customer problems with methodical approaches to integrate a well-balanced system that optimizes performance, size, weight, power, or a combination of these factors. EM Photonics maximizes any platform to create novel solutions for commercial, military and defense clients. Learn more at www.emphotonics.com.
Powered by Lightwave Logic
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. 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, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
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