Press release
Lightwave Logic Provides Fourth Quarter and Fiscal Year 2022 Corporate Update
Expansion of Intellectual Property and Technology Moat Advances Company for Near-Term Licensing Agreements ENGLEWOOD, Colo., March 2, 2023 /PRNewswire/ --
About this update from Lightwave Logic, Inc.
[{"type":"text","content":"Expansion of Intellectual Property and Technology Moat Advances Company for Near-Term Licensing Agreements\nENGLEWOOD, Colo., March 2, 2023 /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, 2022.\n\n \n \n \n \n \n \n\n \nFourth Quarter 2022 Company Highlights:\nAs of December 31, 2022, the company's cash and cash equivalents were $24.1 million, enabling it to finance operations through April 2024.Provided a world-class figure of merit performance for modulators using electro-optical polymers and a plasmonic device design in conjunction with Polariton Technologies, achieving ultra-low drive voltages and ultra-high bandwidths - which are extremely well suited for next generation internet and optical networking transceivers beyond 800Gbps.Acquired polymer technology and intellectual property assets of Chromosol Ltd (UK) including a critical manufacturing process for foundry Process Development Kits (PDKs)Secured three U.S. patents including:Patent for breakthrough chip-scale packaging technique to enable foundry-level packaging of polymer modulators using chip-scale techniques, enabling simplified high-volume manufacturing through foundry-level packaging.Patent for novel hybrid silicon photonics polymer modulator fabrication process to advance high-volume foundry potential; enables stable, high yielding poling of polymer devices with silicon photonics circuits.Patent for new hybrid photonics to enable improved modulator fabrication in high-volume foundry manufacturing - simplifies fabrication of polymer modulators designed to integrate with silicon photonics to enable enhanced internet traffic flow and reduced energy usage.Presented at leading industry conferences internationally, including the 2023 Laser Focus World Executive Forum and the 2023 Photonics Spectra Conference.The full text of the company's Annual Report on Form 10-K for the year ended December 31, 2022 was filed with the SEC on March 1, 2023 and can be found here.\nManagement Commentary\n\"The fourth quarter of 2022 saw the achievement of world-class performance with our partners and furt...