Lightwave Logic Unveils Strategy at Shareholder Meeting to Address 100Gbps and 400Gbps Solutions Using 25Gbps and 50Gbps All-Organic Polymer Ridge Waveguide Modulators
Company Discussed Latest 25Gbps Modulator Results and Engagement of a Contract Packaging Partner to Prepare Devices for Customer Evaluations
Longmont, CO, May 18, 2017 (GLOBE NEWSWIRE) — 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 telecommunications, announced today that it unveiled an aggressive strategy during its annual meeting of shareholders to address the burgeoning and explosive 100Gbps market opportunity using its all-organic 25 Gps ridge waveguide modulator in a 4 channel architecture (4×25 Gbps). It also revealed initial simulation results that show that the company is also preparing to address the 400Gbps market with 50Gbps ridge waveguide modulators.
Dr. Michael Lebby, CEO of Lightwave Logic, provided an overview of the company’s plans to take to market its 25Gbps ridge waveguide modulator through optimizing both the electro-optic polymers and the photonic device design. He reviewed the 25 GHz modulator data that indicate the suitability of the company’s devices for 25Gbps applications. He also noted that the company had now entered into a contract with a packaging partner who has deep experience in high-speed telecommunications and data communications optoelectronic devices. The partner will package Lightwave’s 25Gbps modulators so further evaluations can be made–both internally and externally by potential customers.
Dr. Lebby also presented market data demonstrating that the 100Gbps market is well suited for Lightwave Logic’s all-organic ridge waveguide modulator. Dr. Lebby also presented preliminary modeling and simulations of modulators similar to the 25Gbps device that showed the potential to operate at 50Gbps. There are a number of approaches to address the growing demand by the industry for 400Gbps, and one solution that is gaining momentum in the market place is using 8 channels of 50Gbps.
Dr. Lebby commented, “The team has come a long way in the past 3 months with our 25Gbps modulator, and we are now laser-focused on moving the technology from prototype to marketplace. Our team is expanding with more world-class engineers being hired to accelerate development of 25Gbps all-organic ridge waveguide modulator, as well as hone the performance.”
For more information about Lightwave Logic, please visit the Company’s website at following URL: www.lightwavelogic.com. An audio replay and slide presentation can be found at the following URL: https://viavid.webcasts.com/starthere.jsp?ei=1041856
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Lightwave Logic, Inc. is a development stage company moving toward commercialization of next generation photonic devices using its high-activity and high-stability organic polymers for applications in data communications and telecommunications markets. Photonic electro-optical devices convert data from electric signals into optical signals. For more information, about the Company please visit the corporate website at: 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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