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Lightwave Logic Issues Shareholder Letter and Provides Corporate UpdateENGLEWOOD, Colo., Jan. 14, 2020 /PRNewswire/ -- 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 issued a letter to shareholders from its Chief Executive Officer, Michael Lebby. Dear Fellow Shareholders, 2019 was a watershed year for our company as we continued to innovate, grow and move ever closer to validation from key industry players. As many are familiar, we are building a technology platform leveraging our proprietary electro-optic polymers designed to help scale existing internet infrastructure by transmitting data at higher speeds with less power, which is absolutely essential as the demand for data continues its exponential growth trajectory. Throughout 2019, we experienced breakthroughs with our materials and devices, which are garnering a significant amount of attention from key industry players. On the materials front, early in the year we announced our internally engineered electro-optic polymer material, which more than doubled the electro-optic response than our previous material. This material will continue to be tested and shows great promise for future iterations of our technology. Later in the year, we also presented data on our material stability and reliability, showcasing improved thermal stability of our internally developed materials at 85 degrees Celsius. In 2018, we talked about a modulator device with a speed of 40 GHz that could support 50-400 Gbps applications, depending on modulation scheme and integration. As we moved through 2019, we significantly improved our capabilities, showing data that our modulators could exceed 80 GHz—which is faster than currently available commercial solutions—while also being capable of supporting industry-typical 100-800 Gbps applications. We continue to discuss prototype modulator specifications with potential customers, and to-date, the feedback has been very positive. Technology & Customer Discussions Today, we are currently working with leading integrated circuit (IC) vendors under NDA to validate our technology with their driver chips, with the goal of providing potential customers with prototypes that can be evaluated in their systems. Typically, a customer engagement process can be lengthy, but ultimately, very rewarding over the long-run. Having been actively engaged in the NDA process and prototype specification, testing and optimization, our next steps include more detailed discussions, performance feedback and further optimization towards an initial design-in. Due to confidentiality, we are unable to disclose details of our work with potential customers under NDA; although, we continue to introduce our technology to new potential customers such as silicon photonics foundries, component suppliers, high-speed module suppliers and networking equipment compnies. Initial feedback has been very positive, and we plan to provide further announcements on this front as we are able. As we move forward, we expect our multi-pronged business model to provide Lightwave Logic with the flexibility to drive sustainable revenues over the long-term. Among these options are potentially an asset-light technology licensing model, the production and sale of components, or via a technology transfer with certain strategic customers. Our Continued Innovation Enhanced Investor Relations Initiatives MZ is completing a thorough revitalization of our investor presentation, which will we completed shortly and we encourage all investors to review it once it is posted on the website. We also plan to conduct a comprehensive revamp of our corporate website. In 2020, we will expand our presence at key investment conferences and in non-deal roadshows with institutional investors worldwide. We will provide additional details on these initiatives as appropriate, and believe our increased interface with the capital markets will benefit all Lightwave Logic stakeholders. Final Thoughts As we look ahead, we will continue to interact with key players in the industry, while focusing on the key milestones we believe are most important to our business. Among these milestones in the sales cycle are collecting more stability, reliability and performance data for our packaged modulators, continued innovation of our materials, delivering packaged prototypes to potential customers, gathering feedback from those potential customers, meeting specifications the customers require, and finally, design-in and sale of our devices. In conclusion, our goal is to forever enable and revolutionize the data transmission landscape and the future of several industries. I am proud of our team's accomplishments in 2019 and excited about our continued execution into 2020. On behalf of the entire team at Lightwave Logic, we would like to thank our fellow shareholders for their continued support. Together, we look forward to creating sustainable, long-term value for our shareholders. Sincerely, Michael Lebby About Lightwave Logic, Inc. Safe Harbor Statement Investor Relations Contact: View original content to download multimedia:http://www.prnewswire.com/news-releases/lightwave-logic-issues-shareholder-letter-and-provides-corporate-update-300986524.html SOURCE Lightwave Logic, Inc. |