LONGMONT, Colo., Jan. 19, 2016 /PRNewswire/ — 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 photochemical stability testing of its advanced organic electro-optic polymer materials have now exceeded 4,000 hours with little to no optical degradation of the material’s properties and is well within acceptable results.
These photochemical stability test results along with the thermal stability at 110°C are important in the context of Lightwave Logic’s device development program as it moves from passive to active testing in it’s first organic polymer-enabled ridge waveguide device. The Company intends to demonstrate that organic polymers can compete head-to-head with inorganic legacy telecom and datacom devices which currently provide the backbone for the entire infrastructure that converts almost incalculable amounts of electronic (binary) data into pulses of light and back on a daily basis.
Tom Zelibor, Lightwave Logic’s Chairman and Chief Executive Officer stated, “Achieving this important milestone gives us early validation of the Company’s ability to capitalize on the strength of our material systems that have shown powerful electro-optic properties as well as strong thermal and photo chemical stability.
“We continue to advance toward our goal to demonstrate that our organic electro-optic material systems are a commercially feasible alternative, next generation technology that can solve the price/performance/scalability issues that confronts the industry. We are looking forward to announcing our passive testing results of our polymer ridge waveguide device in the near future.”
For more information about Lightwave Logic, please visit the Company’s website at following www.lightwavelogic.com
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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, about the Company please visit the corporate website at: 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, 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.
For Further Information Contact:
Steven Cordovano
Lightwave Logic
203-952-6373
steve@lightwavelogic.com
SOURCE Lightwave Logic, Inc.