LONGMONT, Colo., April 8, 2014 /PRNewswire/ -- Lightwave Logic,
Inc. (OTCQB: LWLG) has entered into a sole worldwide license
agreement with Corning Incorporated (NYSE: GLW) enabling Lightwave
to integrate Corning's organic electro-optical chromophores into
Lightwave Logic's portfolio of electro-optic polymer
materials. The agreement allows Lightwave to use the licensed
patents within a defined license field that includes
communications, computing, power, and power storage applications
utilizing the nonlinear optical properties of their
materials. Lightwave Logic is 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.
Tom Zelibor, chairman and CEO of
Lightwave Logic commented, "We are extremely pleased to acquire
rights to Corning's organic electro-optical materials.
Together with the recent advancements we have made developing
our new multi-chromophore synthesis process, the addition of these
materials will significantly expand the number of potential
chromophore combinations to drive the continuous improvement of
powerful nonlinear organic electro-optical materials. These
materials will be used in state of the art photonic devices to
fulfill today's needs and the future demands of data centers and
telecommunications networks for many years to come."
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
|
Logo -
http://photos.prnewswire.com/prnh/20130508/CL10037LOGO
SOURCE Lightwave Logic, Inc.