Lightwave Logic Provides Third Quarter 2024 Corporate Update
Lightwave Logic (NASDAQ: LWLG) provided its Q3 2024 corporate update, highlighting key achievements in electro-optic polymer technology. The company showcased packaged modulators with Polariton Technologies at ECOC 2024, demonstrating performance up to 400 Gbps. They received the 2024 ECOC Industry Innovation Award for their Hybrid PIC/Optical Integration Platform. Recent technical achievements include drive levels below 0.5V, representing the highest performance in commercial electro-optic polymer modulators. The company reported $27 million in cash and equivalents, sufficient to fund operations through February 2026. While targeting Tier-1 partnerships, their goal for signing agreements has been revised to 2025.
Lightwave Logic (NASDAQ: LWLG) ha fornito il suo aggiornamento aziendale per il terzo trimestre del 2024, evidenziando i risultati chiave nella tecnologia dei polimeri elettroottici. L'azienda ha presentato modulators confezionati con Polariton Technologies all'ECOC 2024, dimostrando prestazioni fino a 400 Gbps. Ha ricevuto il premio per l'Innovazione Industriale ECOC 2024 per la sua piattaforma di integrazione ibrida PIC/ottica. I recenti risultati tecnici includono livelli di drive inferiori a 0.5V, rappresentando la massima prestazione nei modulatori elettroottici a base di polimeri commerciali. L'azienda ha riportato 27 milioni di dollari in contante e equivalenti, sufficienti a finanziare le operazioni fino a febbraio 2026. Mentre punta a partnership di livello 1, il loro obiettivo per la firma di accordi è stato rivisto al 2025.
Lightwave Logic (NASDAQ: LWLG) proporcionó su actualización corporativa del tercer trimestre de 2024, destacando los logros clave en la tecnología de polímeros electroópticos. La compañía presentó moduladores empaquetados con Polariton Technologies en ECOC 2024, demostrando un rendimiento de hasta 400 Gbps. Recibieron el Premio a la Innovación Industrial ECOC 2024 por su Plataforma de Integración Híbrida PIC/Óptica. Los recientes logros técnicos incluyen niveles de conducción por debajo de 0.5V, representando el mayor rendimiento en moduladores electroópticos de polímero comerciales. La compañía informó un total de 27 millones de dólares en efectivo y equivalentes, suficiente para financiar sus operaciones hasta febrero de 2026. Al tiempo que se esfuerzan por establecer alianzas de nivel 1, su objetivo para firmar acuerdos se ha revisado a 2025.
라이트웨이브 로직 (NASDAQ: LWLG)는 2024년 3분기 기업 업데이트를 제공하며 전자 광학 폴리머 기술에서의 주요 성과를 강조했습니다. 회사는 ECOC 2024에서 Polariton Technologies와 함께 패키징된 변조기를 선보이며 400 Gbps까지 성능을 입증했습니다. 그들은 하이브리드 PIC/광 통합 플랫폼으로 2024 ECOC 산업 혁신 상을 수상했습니다. 최근 기술 성과로는 0.5V 이하의 구동 수준이 포함되어 있으며, 이는 상업용 전자 광학 폴리머 모듈레이터에서 가장 높은 성능을 나타냅니다. 회사는 2,700만 달러의 현금 및 현금성 자산을 보고했으며, 이는 2026년 2월까지 운영 자금을 충분히 지원할 수 있습니다. 1급 파트너십을 목표로 하면서, 계약 체결 목표는 2025년으로 수정되었습니다.
Lightwave Logic (NASDAQ: LWLG) a fourni sa mise à jour d'entreprise pour le troisième trimestre 2024, mettant en lumière des réalisations clés dans la technologie des polymères électro-optiques. L'entreprise a présenté des modulateurs emballés avec Polariton Technologies lors d'ECOC 2024, démontrant des performances allant jusqu'à 400 Gbps. Ils ont reçu le Prix de l'Innovation Industrielle ECOC 2024 pour leur Plateforme d'Intégration Hybride PIC/Optique. Les réalisations techniques récentes incluent des niveaux de conduite inférieurs à 0,5V, représentant la meilleure performance en modulateurs électro-optiques à base de polymères commerciaux. L'entreprise a rapporté 27 millions de dollars en liquidités et équivalents, suffisants pour financer ses opérations jusqu'en février 2026. En visant des partenariats de niveau 1, leur objectif de signature d'accords a été révisé à 2025.
Lightwave Logic (NASDAQ: LWLG) hat sein Unternehmensupdate für das 3. Quartal 2024 bereitgestellt und dabei wichtige Errungenschaften in der elektro-optischen Polym TECHNOLOGIE hervorgehoben. Das Unternehmen stellte verpackte Modulatoren mit Polariton Technologies auf der ECOC 2024 vor und demonstrierte eine Leistung von bis zu 400 Gbps. Sie erhielten den ECOC Innovation Award 2024 für ihre Hybrid-PIC/Optical Integration-Plattform. Zu den jüngsten technischen Errungenschaften gehören Betriebspegel unter 0,5V, was die höchste Leistung in kommerziellen elektro-optischen Polymermodulatoren darstellt. Das Unternehmen berichtete über 27 Millionen Dollar an Bargeld und Äquivalenten, was ausreicht, um die Betriebe bis Februar 2026 zu finanzieren. Während sie Partnerschaften auf Tier-1-Ebene anstreben, wurde das Ziel für den Vertragsschluss auf 2025 revidiert.
- Demonstrated high-performance modulators with drive levels below 0.5V
- Strong cash position of $27M, funding operations through February 2026
- Received 2024 ECOC Industry Innovation Award
- Successfully demonstrated 400 Gbps performance with Polariton Technologies
- Delayed timeline for signing Tier-1 company agreements from 2024 to 2025
Insights
The Q3 update reveals mixed signals for LWLG. While the company maintains a healthy cash position of
Key financial considerations include:
- No current revenue stream
- Burn rate appears manageable with existing cash reserves
- Commercialization timeline extension could impact investor confidence
- Multiple ongoing partnership discussions could lead to future revenue streams through licensing and material sales
The technical achievements are significant but commercialization remains the key challenge. The sub-0.5V drive level demonstration represents a major breakthrough, potentially enabling direct IC driving without additional components and reducing power consumption - critical for datacenter applications. The 110 GHz bandwidth achievement with Polariton Technologies and 400 Gbps performance validation prove the technology's viability for next-gen optical communications.
The collaboration with Polariton using 200mm silicon wafers suggests scalable manufacturing potential, though timeline to production remains unclear. The ECOC Innovation Award provides important industry validation, but converting technical success into commercial agreements remains the critical next step.
Third Quarter 2024 and Subsequent Company Highlights:
- Attended the 2024 European Conference on Optical Communications ("ECOC"), where management:
- Jointly showcased packaged electro-optic polymer modulators with Polariton Technologies, demonstrating the combination of Polariton's High-Speed Plasmonic Modulators with Lightwave's Perkinamine™ Chromophores in a Packaged Device
- Received the 2024 ECOC Industry Innovation Award for Hybrid PIC/Optical Integration Platform, recognizing the company's EO polymer material and technology as a leading innovation amongst the industry.
- Presented in the Market Focus Session, which included a presentation by CEO Dr. Michael Lebby titled "World class performance for 200Gbps PAM4 and 400Gbps PAM4 lanes from electro-optic polymer modulators" to an audience of industry experts and other industry participants.
- Appointed former DuPont executive and CEO of the American Chemical Society (ACS) Thomas M. Connelly, Jr. as its newest Board member, deepening its optical polymer capabilities and commercial expertise to open new markets for its advanced materials.
- Appointed Yves LeMaitre to Board of Directors, bringing over 30 years of executive experience in technology, corporate strategy and marketing to the Board.
- Furthered active discussions with tier-1 companies for licensing, technology transfer, material sales and device evaluations. Management has focused on transceiver companies that need to update their silicon photonics platforms with Lightwave's polymer technology platform.
- Recently demonstrated drive levels below 0.5V which represents the highest performance commercially designed electro-optic polymer modulators to date.
- The impact of driving optical modulators significantly below 1V is significant not only from the impact of directly driving modulators from electronic ICs to save driver costs, but more importantly, savings in power consumption for the module system, which is a key issue for datacenter operators today.
- As of September 30, 2024, the company had cash and cash equivalents of
, enabling the company to finance operations through February 2026.$27 million
The full text of the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 was filed with the SEC on November 12, 2024 and can be found here.
Management Commentary
"During the third quarter of 2024 we were once again privileged to participate in the European Conference on Optical Communications as we continue to focus on our near-term commercialization pathway," said Dr. Michael Lebby, Chairman and Chief Executive Officer of Lightwave Logic. "The conference was incredibly successful for us as we shared recent developments and partnerships as we continue to focus on near-term commercial prospects – which culminated in receiving the Innovation Award for Hybrid PIC/Optical Integration Platform. As we address the rapidly growing optical transceivers market – which is expected to grow to at least
"At ECOC we showcased our collaboration with Polariton Technologies by demonstrating a packaged device with over 110 GHz super high bandwidth packaged electro-optic polymer modulators using Polariton's plasmonic modulator device design that contains our proprietary PerkanamineTM chromophores. The packaged device contains a plasmonic modulator using electro-optic polymer material and platform chips have demonstrated performance up to 400 Gbps, which demonstrates that our polymers are positioned for the networks' next-generation data rate for transceiver equipment. This is an example of extending the performance of silicon photonics using both electro-optic polymers as well as plasmonics for the modulator device design. Further, this collaboration forms an important technology platform for scalability using large silicon foundries for mass commercialization with 200mm silicon wafers.
"This was the second year in a row of being granted the Innovation Award at ECOC, a tremendous honor from a committee of industry peers. The award demonstrates our leadership in the photonics industry, is reflective of the true market recognition of our technology and provided further market validation. ECOC is one of the leading global industry conferences on optical communications, adding to the recognition for this award.
"We appointed two new respected leaders to our Board in recent months. Industry veteran Yves LeMaitre has over 30 years of executive experience in technology, corporate strategy and marketing, and currently serves as a Strategic Board Advisor to Trumpf Photonic Components, a global technology company specializing in the development of lasers for optics, and as a strategic advisor to the Optical, RF & Micro-Electronics division of Sanmina AMT. Thomas M. Connelly Jr., has served as CEO of the American Chemical Society, one of the largest scientific societies with 170,000 members worldwide, and as Chief Innovation Officer of DuPont, where he was a member of its Office of the Chief Executive. Among his responsibilities in chemicals and materials over 35+ years at DuPont were its Performance Polymers and Packaging & Industrial Polymers businesses. His exceptional industry knowledge and deep experience in the polymers business will be an outstanding resource to Lightwave Logic.
"Looking ahead, we are well along the commercialization pathway with licensing our proprietary Perkinamine® materials and product sales of high-speed modulators. We are targeting a wide spectrum of Tier-1 companies and multinational corporations – currently having multiple ongoing engagements discussing materials supply, technology transfer and licensing agreements as well as chiplet device designs. While we understand it is our goal to sign an agreement with a tier-1 company in 2024, ongoing discussions are in progress, and have progressed well with companies based in USA,
Benzinga All-Access Interview
Dr. Michael Lebby, Chairman and Chief Executive Officer of Lightwave Logic, will host a fireside chat at 10:50 a.m. Eastern time on Thursday, November 14, 2024 with the hosts of the Benzinga All-Access show to discuss the Company's third quarter 2024 corporate updates. To watch the interview, please refer to the access information below.
Date: Thursday, November 14, 2024
Presentation Time: 10:50 a.m. Eastern time
Webcast: https://www.youtube.com/live/X6ukRWZ7UMY
An audio webcast and an archived replay will be available using the webcast link above.
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) develops a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. 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 www.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 10-Q; other risks to which our company is subject; other factors beyond the company's control.
Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
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SOURCE Lightwave Logic, Inc.
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