Press release
Lightwave Logic Provides Third Quarter 2021 Corporate Update
ENGLEWOOD, Colo., Nov. 16, 2021 /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., Nov. 16, 2021 /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 third quarter ended September 30, 2021.\n\n \n \n \n \n \n \n\n \nThird Quarter 2021 and Subsequent Company Highlights:\nAs of November 15, 2021, the Company's cash and cash equivalents are approximately $15 million, enabling it to finance operations through March 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.. Achieved world-record performance for a polymer modulator, as demonstrated in an optical transmission experiment by ETH Zurich, using the Company's proprietary, advanced Perkinamine™ chromophores and Polariton Technologies Ltd.'s newest plasmonic EO modulator, a silicon-photonics-based plasmonic racetrack modulator offering energy-efficient, low-loss, and high-speed modulation in a compact footprint. Received 3rd party review of the ultra-high performance of Lightwave Logic's electro-optic polymers working with a slot modulator design. Fortified intellectual property portfolio, growing to over 72 domestic and international patents and patent applications in advance of future commercialization initiatives – further strengthening the Company's business model and freedom of manufacturing. 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. Received the 2021 Industry Award for Optical Integration from the European Conference on Optical Communications (ECOC) - a premier industry exhibition. Presented at multiple industry specific and investor-related conferences including the European Conference on Optical Communications, the Q3 Investor Summit, the H.C. Wainwright 23rd Annual Global Investment Conference, and the LD Micro Main Event.The full text of the Company's Quarterly Report on Form 10-Q for the third qua...