Press release
Lightwave Logic Provides Third Quarter 2022 Corporate Update
ENGLEWOOD, Colo., Nov. 10, 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., Nov. 10, 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 third quarter ended September 30, 2022.\n\n \n \n \n \n \n \n\n \nThird Quarter 2022 and Subsequent Company Highlights:\nAs of September 30, 2022, the company's cash and cash equivalents were $25 million, enabling it to finance operations through March 2024.Achieved a world-record demonstration of a 250GHz super high bandwidth electro-optical-electrical link through a collaboration with ETH Zurich, with breakthrough peer-reviewed paper results presented at the prestigious European Conference on Optical Communications (ECOC).Achieved world record performance for low-power consumption ultra-high-speed 'green' slot modulators in collaboration with Karlsruhe Institute of Technology and its spin-off SilOriX as part of a peer-reviewed post-deadline paper presented at the ECOC.Presented at leading investor and industry conferences internationally, including the 2022 European Conference on Optical Communications, H.C. Wainwright 24th Annual Global Investment Conference, LD Micro Main Event XV, Benzinga All-Access Show and Jefferies Semis IT Hardware & Comm Infrastructure Summit.The full text of the company's Quarterly Report on Form 10-Q for the third quarter ended September 30, 2022 was filed with the SEC on November 9, 2022 can be found here.\nManagement Commentary\n\"We successfully produced two world record achievements with two of our collaboration partners in the third quarter, further illustrating the significant potential our technologies offer,\" said Dr. Michael Lebby, Chairman and Chief Executive Officer of Lightwave Logic. \"Our continued improvement and forward movement reaffirm my view that our technologies are not only vastly superior in performance, but are simple to implement as well – making them the right platform for next-generation optical systems for years to come.\n\"Our achievement of world record performance for a silicon slot modulator using our advanced polymer material – all as part of our collaboration with the Karlsruhe Institute of Technology and SilOriX – shows that our materials...