Company Secures Patent Issuance for Previously
Announced Patent Application for Novel Fabrication Process to
Advance High-Volume Foundry Potential; Enables Stable, High
Yielding Poling of Polymer Devices with Silicon Photonics
Circuits
ENGLEWOOD, Colo., Nov. 17,
2022 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ:
LWLG), a technology platform company leveraging its proprietary
electro-optic polymers to transmit data at higher speeds with less
power, today announced the issuance of a U.S. patent, the
application of which was announced in June
2022, on a new invention that will enhance polymer modulator
manufacturing in high-volume foundries when integrated with silicon
photonics.
The patent issuance – entitled "Hybrid electro-optic polymer
modulator with silicon photonics" under patent number US 11,435,604
B2 – details a novel fabrication process that allows Lightwave
Logic's proprietary polymers to be fabricated by silicon foundries
in a high-volume manufacturing environment. The patent also
details a more efficient process that allows for high yielding,
high stability poling of polymers in a high-volume foundry
manufacturing environment. The development of the Process
Development Kit (PDK) for this new optical hybrid optical modulator
design is now in progress with Lightwave Logic's foundry
partners.
Dr. Michael Lebby, Chief
Executive Officer of Lightwave Logic, commented: "We are pleased to
further strengthen our issued patent portfolio, solidifying our
intellectual property moat as we continue our forward progress with
our foundry, packaging, and transceiver partners. This patent in
particular is exciting from a commercial standpoint as it enables
our polymers to be mass-produced using existing silicon foundry
equipment, simplifying production for the foundry's we are working
with. I look forward to continued progress in the months ahead both
on the licensing and technology transfer fronts as we strive to
create sustainable, long-term value for our shareholders."
About Lightwave Logic,
Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) is developing a platform
leveraging its proprietary engineered electro-optic (EO) polymers
to transmit data at higher speeds with less power. The company's
high-activity and high-stability organic polymers allow Lightwave
Logic to create next-generation photonic EO devices, which convert
data from electrical signals into optical signals, for applications
in data communications and telecommunications markets. For more
information, please visit the company's website
at 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 and 10-Q; other risks
to which our Company is subject; other factors beyond the company's
control.
Investor Relations
Contact:
Lucas
A.
Zimmerman
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
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SOURCE Lightwave Logic, Inc.