LONGMONT, Colo., March 31, 2015 /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 it has dramatically advanced the commercial feasibility of its organic electro-optical photonic device program.

These results at 110C surpass the published results of any known electro-optical polymer at that temperature, but more importantly, they exceed the harsh demands of the commercial operating datacom/telecom environment that requires photonic devices to operate consistently at 85C. The ability to operate at temperatures above 85C opens up an array of additional applications that at least one of the Company's potential partners for joint development opportunities has identified during discussions.

While the Company continues to demonstrate minimal degradation over successive levels of industry benchmark parameters (See chart below), it is simultaneously moving toward completion of its operating organic polymer-enabled waveguide modulator prototype using its new multi-chromophore material systems.

Tom Zelibor, Chairman and Chief Executive Officer of Lightwave Logic stated, "The combination of durability and high electro-optic characteristics of our materials should lead to commercially competitive devices that will offer enormous performance improvements at reduced cost.  This will be a win-win for both Lightwave shareholders and our potential customers.

"The ultimate goal is to increase thermal stress on our materials at even greater temperatures to prove our utility beyond datacom and telecom and into markets such as high-speed computing that have require even greater temperature requirements.

"We increased R&D expenditures in 2014 by 38% and we will continue to increase our R&D commitment in 2015 in an effort to accelerate completion of additional demonstration waveguide devices. We anticipate having reportable device data by the Annual Shareholder Meeting in May. 

"We are experiencing increased industry interest in our progress as there exists strong pent up demand for a cost-effective way to reach data rates of greater than 100Gb/s with miniaturized photonic devices that consume less power.  We are now one step closer to fulfilling this need."

For more information about Lightwave Logic, please review the recently released 2014 Form 10-K that details the significant accomplishments of 2014 and outlines the Company's goals for 2015, please visit the Company's website at: 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.

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SOURCE Lightwave Logic, Inc.