LONGMONT, Colo., Dec. 18, 2014 /PRNewswire/ -- Lightwave
Logic, Inc. (OTCQB: LWLG), a technology company focused on the
development of Next Generation Photonic Devices and Non-Linear
Optical Polymer Materials Systems for applications in high
speed fiber-optic data communications and optical computing,
announced today that the Company has conducted several preliminary
tests to demonstrate aging characteristics of its organic,
nonlinear electro-optic polymer materials.
Several blends of materials created by the Company's previously
announced multi-chromophore process, were subjected to aging tests
that include exposure to high temperatures (85C and 110C) for 300
hours.
The data collected indicates that there was minimal loss of
electro optical activity (R33), even after over 120 hours at
110C. These results exceed some previously published results
by other research groups for an organic polymer and demonstrated
acceptable longevity and electro-optical activity to satisfy the
demands of short-haul (metro) telecommunications and data
communications networks.
Tom Zelibor, Chairman and chief
Executive Officer of Lightwave Logic stated, "These outstanding
results confirm that our multi-chromophore process can engender not
only extremely powerful organic polymers, but are also durable
enough to function in a commercial environment.
"We are currently running additional confirmatory tests at even
higher temperatures before coating our best material systems on our
proprietary designed, bleached waveguide modulator prototypes.
These prototypes are being produced using substrates received in
early November from Reynard Corporation as previously
announced.
"The bleached waveguide modulator represents our first
commercially viable device, and targets metro networks (< 10Km)
within large scale telecommunications and data communications
networks and represents approximately a $300MM per year market
opportunity for us. With working prototypes in hand we will
engage with several potential partners and customers who have shown
interest in our technology that we have already been in discussions
with."
For more information about Lightwave Logic, please visit the
Company's website at following URL: www.lightwavelogic.com
Powered by Lightwave Logic
Lightwave Logic, Inc. is a development stage company that
produces prototype electro-optic demonstration devices and is
moving toward commercialization of its high-activity,
high-stability organic polymers for applications in electro-optical
device markets. Electro-optical devices convert data from electric
signals into optical signals for use in high-speed fiber-optic
telecommunications systems and optical computers. For more
information, about the Company please visit the corporate 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; other risks to which
our Company is subject; other factors beyond the Company's
control.
For Further Information Contact:
Steven Cordovano
Lightwave Logic
203-952-6373
steve@lightwavelogic.com
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SOURCE Lightwave Logic, Inc.