ENGLEWOOD, Colo., June 27,
2022 /PRNewswire/ -- Lightwave Logic, Inc.
(NASDAQ: LWLG), a technology platform company leveraging its
proprietary electro-optic (EO) polymers to transmit data at higher
speeds with less power, today announced that the Company's common
stock will be added to the Russell 3000® Index after the
market opens on Monday, June 27,
2022.
"Our inclusion in the Russell 3000® Index is an
important milestone and testament to the Company's potential," said
Dr. Michael Lebby, Chief Executive
Officer of Lightwave Logic. "We have made unparalleled progress in
the last twelve months with our competitively superior and unique
technology. We believe we are well positioned to have our
high-activity and high-stability organic polymers become ubiquitous
in the fiber communications market. We expect that the awareness of
being included in one of the most widely followed benchmarks will
not only benefit our existing shareholders but will lead to a
broader base of institutional investors."
The annual Russell index reconstitution captures the 4,000
largest US stocks as of May 6,
ranking them by total market capitalization. Lightwave Logic's
membership in the US all-cap Russell 3000® Index, which remains in
place for one year, means automatic inclusion in the small-cap
Russell 2000® Index as well as the appropriate growth and value
style indexes. FTSE Russell determines membership for its Russell
indexes primarily by objective, market-capitalization rankings and
style attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets are benchmarked against
Russell's US indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell 3000® Index and
the Russell index reconstitution, please visit the "Russell
Reconstitution" section on the FTSE Russell website.
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.
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.