Press release
Lightwave Logic Provides Fourth Quarter and Fiscal 2021 Corporate Update
ENGLEWOOD, Colo., March 2, 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., March 2, 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 Annual Report on Form 10-K for the quarter and year ended December 31, 2021.\n\n \n \n \n \n \n \n\n \nRecent Company Highlights:\nAs of December 31, 2021, the Company's cash and cash equivalents are approximately $23.4 million, enabling it to finance operations through December 2023.Nasdaq Stock Market approved the listing of the Lightwave Logic common shares on the Nasdaq Capital Market. The stock began trading on the Nasdaq on September 1, 2021, followed by a closing bell ceremony at the Nasdaq Stock Market on September 10, 2021.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.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.Achieved breakthrough photostability results on its EO polymer modulators that are compatible with high-volume silicon foundry processes.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 ROTH 10th Annual Deer Valley Investor Conference, Oppenheimer's 5G Summit: Wireless and Cloud Convergence, Ladenburg Thalmann Virtual Technology Expo, ROTH 10th Annual Virtual Technology Conference, Benzinga All Access Event and LD Micro Main Event, and was co-chair and keynote speaker at the 5th PIC International conference.The full text of the Company's Annual Report on Form 10-K for the year ended December 31, 2021 was filed with the SEC on March 1, 2022 and can be found here.\nManagement Commentary\n\"Our final quarter of 2021 was highlighted by ongoing technology improvements and developments that will support the co...