Lightwave Logic Announces New Polymer Patent to Improve Modulator Performance

Rhea-AI Summary

Lightwave Logic, Inc. (LWLG) announced the receipt of U.S. Patent 10,754,093 for a new invention enhancing the performance and reliability of its electro-optic polymer modulators. This patent, granted on August 25, 2020, details innovative multi-layered designs that improve optical transmission and electrical conductivity while protecting polymer materials. CEO Dr. Michael Lebby emphasized the technology's significance for fiber optic communications and reiterated the company's growing competitiveness in the market. This development strengthens Lightwave Logic's patent portfolio and aims to create long-term shareholder value.

Positive

• Awarded U.S. Patent 10,754,093 for new electro-optic polymer modulator technology.
• Technology enhances performance and reliability, critical for datacenters and telecommunications.
• Strengthens patent portfolio, enhancing manufacturing freedom and competitive edge.

Negative

• None.

ENGLEWOOD, CO / ACCESSWIRE / October 7, 2020 / Lightwave Logic, Inc. (OTCQB:LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power, today announced the receipt of a patent on a significant new invention that improves both the performance and reliability of its high-speed, low-power electro-optic polymer modulators intended for datacenter and telecommunications applications.

U.S. Patent number 10,754,093, granted on August 25^th, 2020, details an invention that allows multi-layered electro-optic polymer modulators to perform more efficiently through the design of custom interfaces. These interfaces are designed into the cladding layers that allow optical transmission, electrical conductivity, material integrity, as well as a prevention of solvents affecting adjacent polymer materials.

"I am immensely proud of our talented technical team, who developed this incredible technology in-house at our facility in Englewood, Colorado," said Dr. Michael Lebby, Chief Executive Officer of Lightwave Logic. "This is a breakthrough technological advancement, the net impact of which allows for the company's modulators to improve performance across the board, enabling higher reliability in the fiber optic communications environment.

"This serves to further solidify our U.S. patent portfolio, protecting our technology platform and strengthening our freedom of manufacturing. With every passing year, we are increasingly competitive within the marketplace, where the need for our technology is more apparent than ever. I look forward to continued advancement of our business, creating long-term value for shareholders," concluded Lebby.

About Lightwave Logic, Inc.

Lightwave Logic, Inc. (OTCQB: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:
Greg Falesnik or Luke Zimmerman
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us

SOURCE: Lightwave Logic, Inc.

View source version on accesswire.com:
https://www.accesswire.com/609403/Lightwave-Logic-Announces-New-Polymer-Patent-to-Improve-Modulator-Performance

FAQ

What is the significance of Lightwave Logic's new patent?

Lightwave Logic's new patent enhances the performance and reliability of its electro-optic polymer modulators, which are crucial for datacenter and telecommunications applications.

When was the patent for Lightwave Logic's technology granted?

The patent, U.S. Patent number 10,754,093, was granted on August 25, 2020.

How does Lightwave Logic's new technology impact data transmission?

The new technology improves optical transmission and electrical conductivity, allowing for higher efficiency in data transmission.

What does the patent mean for Lightwave Logic's market competitiveness?

The patent solidifies Lightwave Logic's position in the market by protecting its innovations and enhancing its competitive edge in the growing demand for high-speed data transmission.

Who is the CEO of Lightwave Logic?

The CEO of Lightwave Logic is Dr. Michael Lebby.