Press release
Lightwave Logic Provides First Quarter 2022 Corporate Update
ENGLEWOOD, Colo., May 11, 2022 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic
About this update from Lightwave Logic, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., May 11, 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 provided a corporate update in conjunction with the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.\n\n \n \n \n \n \n \n\n \nFirst Quarter 2022 and Subsequent Company Highlights:\nAs of March 31, 2022, the company's cash and cash equivalents were approximately $24.3 million, enabling it to finance operations through January 2024.Achieved world-class results for a polymer modulator, as demonstrated in an enhanced stability and high-speed measurement by Polariton Technologies and ETH Zurich.Achieved breakthrough photostability results on its electro-optic polymer modulators that are compatible with high-volume silicon foundry processes.Enhanced its foundry process development kit (PDK) offering with addition of optical grating couplers, which will be part of the company's Design Tool Kit to simplify foundry processes when integrating the company's polymer technology with silicon photonics.Fortified intellectual property portfolio through publication of a U.S. patent application that aids to significantly enhance polymer performance and simplify fabrication in foundry applications, as well as the receipt of another U.S. patent that simplifies modulator integration for high-volume manufacturing operations.Appointed Dr. John Zyskind - a veteran of the telecom and data communications industries - to spearhead the company's engineering teams ahead of commercialization and scale up with foundry partners.Announced the appointment of Dr. Craig Ciesla, a company Advisory Board member, to the Board of Directors. In conjunction, Dr. Joseph A. Miller retired from the Board of Directors and transitioned to the company's Advisory Board.Presented at multiple industry specific and investor-related conferences including the 34th annual ROTH Investor Conference, the Benzinga All Access Event and the Oppenheimer Virtual Emerging Growth Conference.The full text of the company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 filed with the SEC on May 10, 2022 can be found here.\nManagement Commentary\n\"The first quarter of 2022 was highlighted by several breakthrough achiev...