Lightwave Logic Enhances Foundry Process Development Kit Offering with Addition of Optical Grating Couplers

Rhea-AI Summary

Lightwave Logic (NASDAQ: LWLG) announced successful testing of optical grating couplers, which will be integrated into its Design Tool Kit. This development is intended to enhance the functionality of the company's modulators by enabling efficient light coupling, thus improving the efficacy of silicon photonics platforms. CEO Michael Lebby emphasized the importance of this advancement in streamlining production for foundry partners, aiming for expedited commercialization and long-term shareholder value.

Positive

• Successful initial testing of optical grating couplers.
• Enhances the functionality of modulators in silicon photonics platforms.
• Simplifies manufacturing processes for foundry partners.

Negative

• None.

ENGLEWOOD, Colo., Jan. 6, 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 successful initial testing of its optical grating couplers. Grating couplers will be part of the Company's Design Tool Kit that will simplify foundry processes and Process Development Kits (PDKs) when integrating the company's polymer technology with silicon photonics.

The introduction of optical grating couplers, integrated with the Company's modulators, enable light to be efficiently coupled into and out of the modulator, improving the overall efficacy of an integrated silicon photonics platform. The inclusion of an optical grating coupler in a PDK enables silicon foundry partners to fabricate the modulator and optical grating coupler either simultaneously or in a single fab run.

Dr. Michael Lebby, Chief Executive Officer of Lightwave Logic, commented: "We are making significant internal efforts to further build-out the information needed for a robust PDK for our foundry partners, enabling an expedited commercialization process through simplified manufacturing. The addition of another silicon photonic tool such as the optical grating coupler into our portfolio of design elements is very important as we optimize the performance of our high-speed, low-power modulators.

"We are working on additional design tool kit components to further simplify this process for our foundry partners and look forward to providing further updates. We continue to make substantial progress while striving to create sustainable, long-term value for our shareholders," concluded Lebby.

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; 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 
949-385-6449 
LWLG@mzgroup.us
www.mzgroup.us

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lightwave-logic-enhances-foundry-process-development-kit-offering-with-addition-of-optical-grating-couplers-301455285.html

SOURCE Lightwave Logic, Inc.

FAQ

What is the recent development announced by Lightwave Logic on January 6, 2022?

Lightwave Logic announced the successful testing of optical grating couplers, enhancing its Design Tool Kit.

How will the new optical grating couplers benefit Lightwave Logic's technology?

They will improve light coupling efficiency in modulators, optimizing performance in silicon photonics platforms.

What is Lightwave Logic's stock symbol?

The stock symbol for Lightwave Logic is LWLG.

What did CEO Michael Lebby say about the new optical grating couplers?

He stated that they are crucial for simplifying manufacturing and expediting commercialization for foundry partners.

What is the significance of integrating optical grating couplers in Lightwave Logic's offerings?

It allows silicon foundries to fabricate modulators and couplers simultaneously, enhancing production efficiency.