Press release
Lightwave Logic Provides Second Quarter 2021 Corporate Update
Technology Advances Towards End-Goal of Mass-Market Commercialization ENGLEWOOD, Colo., Aug. 17, 2021 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQX: LWLG), a
About this update from Lightwave Logic, Inc.
[{"type":"text","content":"Technology Advances Towards End-Goal of Mass-Market Commercialization\n\n\nENGLEWOOD, Colo., Aug. 17, 2021 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQX: LWLG), a technology platform company leveraging its proprietary electro-optic 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 second quarter ended June 30, 2021.\n\n \n \n \n \n \n \n\n \nSecond Quarter 2021 and Subsequent Company Highlights:\nOn June 30, 2021, the Company's cash and cash equivalents totaled $13.9 million, assets totaled $18.0 million, liabilities totaled $1.0 million and stockholders' equity was $17.0 million. The Company's current cash position enables it to finance operations through November 2022. On July 2, 2021, the Company filed a $100,000,000 universal shelf registration statement with the U.S. Securities and Exchange Commission which became effective on July 9, 2021. Developed breakthrough improved thermal design properties for electro-optic polymers used in its Polymer Plus™ and Polymer Slot™ modulators, enabling the speed, flexibility and stability needed for high-volume silicon foundry processes. Announced test results from new modulators fabricated in 2021, which exceeded bandwidth design targets and achieved triple the data rate as compared to competing devices in use today. Fortified intellectual property portfolio, growing to over 70 domestic and international patents and patent applications in advance of future commercialization initiatives, including: Receipt of a patent on a new invention that enables enhanced optical routing architectures for polymer-based integrated photonics that can be scaled with partner foundries. Receipt of a patent on a breakthrough new device design that enables mass-volume manufacturing when designed into advanced integrated photonic platforms. Receipt of a patent on protective polymer layers in modulators for design into integrated photonics platforms, improving reliability and performance while best positioning them for standardized mass-market manufacturing process.Added to the Solactive EPIC Core Photonics EUR Index NTR as part of the index's semi-annual additions, one of the most widely cited performance benchmarks for photonics companies. Presented at multiple industry specific and investor-...