Assets Include a Critical Manufacturing Process for Foundry
Process Development Kits (PDKs)
ENGLEWOOD, Colo., Nov. 29,
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 that it has acquired the polymer technology
and intellectual property assets of Chromosol Ltd (UK).
This acquisition significantly strengthens the company's design
capabilities with foundry PDKs with extremely low temperature
atomic layer deposition (ALD) processes that effectively
hermetically seal polymer devices that have been prepared for high
volume manufacturing. The advanced fabrication processes of ALD
with temperatures below 100C will solidify the company's market
position with both the company's manufacturing foundry partners as
well as end-users as it prepares to enter the 800Gbps integrated
photonics marketplace.
The acquisition also advances Lightwave Logic's patent portfolio
of electro-optic polymer technology with an innovative polymer
chemistry device patent1 that has potential to increase
the performance of integrated modulators through optical
amplification in a photonic integrated circuit (PIC) and enhance
the functionality of the PIC by integrating laser light sources
made using the polymer-based gain and a laser optical cavity
defined on the Silicon photonic platform, with Lightwave Logic's
high speed, high efficiency modulators.
Dr. Michael Lebby, Chief
Executive Officer of Lightwave Logic, said: "Chromosol's' polymer
technology and intellectual property patent dovetails well with
Lightwave Logic's development of a polymer platform that not only
enables 'green photonics' – but is foundry compatible with
manufacturing PDKs. Having access to extremely low
temperature ALD allows the company's polymer modulators to be
protected from the environment without the need of expensive and
large footprint gold box packaging, propelling the company forward
with chip-scale packaging as required by major hyper-scaler
end-users. The patent opens a new class of PICs which expands our
variety of devices.
"What is more interesting is that every foundry we have
visited has ALD systems and equipment in place for semiconductor
processing. This acquisition for low temperature ALD
processes provides a key piece of the PDK that we need when working
with foundries for our polymers, and allows us to achieve our goals
more effectively," concluded Lebby.
1 Patent entitled, "Optoelectronic devices, methods
of fabrication thereof and materials therefor" with US patent
number 9837794, EU patent number 3017489, China registration number 201480048236 &
201910230856
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 Form 10-Q; other risks to which our company is subject;
other factors beyond the company's control.
Lightwave Logic 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.