| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Expansion of Intellectual Property and Technology Moat Advances Company for Near-Term Licensing Agreements
ENGLEWOOD, Colo., March 2, 2023 /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 provided a corporate update in conjunction with the filing of its Annual Report on Form 10-K for the quarter and year ended December 31, 2022.
Fourth Quarter 2022 Company Highlights:
The full text of the company's Annual Report on Form 10-K for the year ended December 31, 2022 was filed with the SEC on March 1, 2023 and can be found here.
Management Commentary
"The fourth quarter of 2022 saw the achievement of world-class performance with our partners and further expansion of our intellectual property moat with acquired polymer technology and IP assets, as well as three additional new patents," said Dr. Michael Lebby, Chairman and Chief Executive Officer of Lightwave Logic. "Entering into 2023 we expect to continue our forward momentum as we review near-term business opportunities in both licensing the use of our polymer materials as well as more deeply engage with our partners for technology transfer.
"During the fourth quarter we provided a world-class figure of merit performance for modulators using electro-optical polymers and a plasmonic device design in conjunction with Polariton Technologies. Building from the world record performance and demonstration of a 250 GHz super high bandwidth electro-optical-electrical (EOE) link that was presented at ECOC through a collaboration with ETH Zurich, these latest figure of merit results show the potential for extreme power savings for optical network equipment and demonstrate clearly that polymer-based technology platforms are positioned well for general implementation. These results position us extremely well for next generation ultra-high-capacity interconnects for the hyper-scale market.
"We continued to see strong validation of our intellectual property (IP) in the fourth quarter with three new patent issuances to strengthen our portfolio. We secured a patent for a novel fabrication process to advance high-volume foundry potential, a second to simplify fabrication of polymer modulators designed to integrate with silicon photonics and a third to simplify modulator integration and reliability for high-volume foundry manufacturing operations. This expansion of our IP moat, paired with our acquisition of the mission-critical IP assets of Chromosol Ltd (UK) to strengthen foundry PDK design capabilities with extremely low temperature ALD Processes, is a part of our ability to advance initial production trials with our foundry partners and secure our first licensing agreements in the near-term.
"The industry's interest in polymer technology continues to rapidly grow, and our ability to evangelize the benefits of polymers at leading industry events globally has been an important part of our awareness efforts. As we continue to build thought leadership, clear technology leadership and progress towards our first licensing agreements, I firmly believe that we are well positioned to create sustainable value for our shareholders over the long-term," concluded Dr. Lebby.
Posted In: LWLG
