Lightwave Logic Obtains Highly Successful Independent Third Party Verification of Its Organic Polymer Thin Film Properties
Material Test Results Demonstrate Low Optical Loss of Lightwave’s Organic Materials
LONGMONT, CO–(Marketwired – August 25, 2016) – 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 Metricon, a company that specializes in making precision instruments designed to obtain optical measurements on thin film materials and optical waveguides, concluded a battery of scientific tests to verify the inherent properties of several of Lightwave Logic’s advanced organic electro-optic polymer materials, which are currently being implemented into a series of photonic devices.
Measurements by Metricon of several planar waveguide samples have determined that Lightwave’s polymer thin film materials at 1550 nm (Telecom frequency band) should exceed industry requirements that target overall device loss at <4 dB/cm. Additionally, they were also able to provide very accurate refractive index measurements on Lightwave’s materials, which is very important for designing high-speed multi-layer polymer modulators.
Metricon’s instrument is capable of obtaining precise data on several parameters that include: material thickness, refractive index and optical loss. These parameters are essential to the development of optical devices for Datacom and Telecom network providers.
Tom Zelibor, Chairman and CEO of Lightwave Logic, commented, “We have gained extremely important information relative to our company’s future success. This data gives us the confidence that the quality of our material systems will allow us to narrow our efforts on optimizing our optical devices to take advantage of the superior capabilities that our materials have demonstrated.
“The Metricon testing has given us the precise capabilities of our current material system and our development engineers are focusing on achieving superior results using those materials in our device program.
“The really good news here is that these results give us full confidence that the inherent capabilities our materials will lead us to photonic devices that will offer significant competitive advantages over an installed base of legacy products. This represents billions of dollars in market opportunity.”
John Jackson, President of Metricon, added, “Based on our measurements, it does appear that these materials will dramatically exceed the 4 dB/cm industry requirement at 1550 nm.”
For more information about Lightwave Logic, please visit the Company’s website at following URL: www.lightwavelogic.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, about the Company please visit the corporate website at: www.lightwavelogic.com.
Since its inception in 1980, Metricon Corporation has pioneered the application of prism coupling technology to optical characterization of thin film and optical waveguide materials. The prism coupling technology, which relies on optical waveguiding techniques, offers unmatched accuracy and precision for refractive index measurements of thin film/waveguide materials and rapid determination of planar optical waveguide loss.
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.