LONGMONT, Colo., Jan. 12,
2015 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQB: LWLG, the
"Company" or "Lightwave"), 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 initial thermal aging testing on
its organic polymers indicates decades of operational performance
as it prepares to process a series of commercially viable bleached
waveguide devices—the initial products in a planned photonic device
program. Lightwave Logic is also announcing it is
initiating side-by-side comparative testing of its organic polymers
versus duplicate silicon photonic devices. Such testing
is expected to provide results of Lightwave's organic polymers'
ability to improve a broad range of performance parameters on
photonic devices.
During the month of December, several blends of materials
created by Lightwave Logic's multi-chromophore process were
subjected to thermal aging tests that included lengthy exposure to
high temperatures (85C and 110C) for 300 hours. On
December 18th, 2014, the
Company reported that data collected indicated minimal loss of
electro optical activity (R33), even after over 120 hours at
110C. Internal aging calculations now extrapolate that
Lightwave Logic's organic polymers are expected to provide decades
of operational performance. These results exceed previously
published efforts for other organic polymers.
In late December, the Company also received a series of
long-awaited, custom specified silicon chips, each with various
types of imbedded photonic structures (waveguides and
modulators). Lightwave Logic's development team is initiating
side-by-side comparative tests on these photonic structures coated
with its proprietary organic polymers versus duplicate
straight silicon photonic device structures. The tests
are expected to provide empirical results demonstrating that
organic polymers can improve a broad range of performance
parameters over other photonic structures. These
structures will be used in future proprietary device designs to
address many high-value applications.
Tom Zelibor, Chairman and Chief
Executive Officer of Lightwave Logic stated, "The demonstrated
aging test results of our organic polymers represent a landmark in
the development of organic polymer materials. We still
anticipate our materials and devices can be produced without the
need for expensive packaging, which will be a significant cost
advantage for commercial applications.
"Several of our 'Generation 2' gold-patterned electrode
substrates recently manufactured by Reynard Corporation for use in
our bleached waveguide modulator will shortly be coated with our
materials. This should produce working demonstration
prototype devices that we will use to present to potential
customers and development partners.
"We are simultaneously laying the groundwork for future devices
in our development path by demonstrating advantages of silicon
organic hybrids versus silicon photonics on a series of photonic
components that are on chips recently received. While the
arrival of these uncoated chips was delayed, we have already begun
performing baseline testing on the silicon photonics chips that
were manufactured by IMEC, Belgium. As soon as we have comparative
test results and data in hand, will we report them to the
market."
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.
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
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SOURCE Lightwave Logic, Inc.