Lightwave Logic Joins the Russell 3000® Index

Rhea-AI Summary

Lightwave Logic, Inc. (NASDAQ: LWLG) announced its inclusion in the Russell 3000® Index effective June 27, 2022. This milestone underscores the company's significant progress in developing proprietary electro-optic polymers that enhance data transmission speeds while reducing power consumption. The inclusion is expected to attract more institutional investors and benefit existing shareholders. With $12 trillion in assets benchmarked against Russell indexes, this recognition could elevate Lightwave Logic's market visibility and investor interest moving forward.

Positive

• Inclusion in the Russell 3000® Index, enhancing market visibility.
• Potential increase in institutional investor interest due to index inclusion.

Negative

• None.

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.

FAQ

What is the significance of Lightwave Logic joining the Russell 3000 Index?

The inclusion in the Russell 3000 Index signifies increased market visibility and potential interest from institutional investors.

When did Lightwave Logic become a part of the Russell 3000 Index?

Lightwave Logic joined the Russell 3000 Index on June 27, 2022.

How does the Russell 3000 Index impact Lightwave Logic's stock?

Being part of the Russell 3000 Index can attract more institutional investment, potentially boosting the stock's performance.

What is the market capitalization ranking for Russell 3000 membership?

Membership is determined by market capitalization rankings, capturing the 4,000 largest US stocks.