Lightwave Logic, Inc. · NASDAQ:LWLG
Lightwave Logic — Shareholder Meeting (May 2022)
54 slides from Lightwave Logic's shareholder meeting presentation, May 26, 2022
Slide 1: Faster by Design: Management update
Faster by Design Management update: 26th May 2022 Michael Lebby CEO, Lightwave Logic
Slide 2: Safe harbor
Safe harbor The information in this presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue,
Slide 3: We are excited…
We are excited…
Slide 4: Ringing the Bell at NASDAQ (10th Sept 2021)
Ringing the Bell at NASDAQ (10th Sept 2021) Organic up-list…as promised in 2017… NASDAQ: LWLG • 4
Slide 5: 4 takeaways…
4 takeaways…
Slide 6: Takeaways
Takeaways • We have made unparalleled progress in the last 12 months… • Our technology is competitively superior and unique… • We are positioned to have polymers become ubiquitous… • We have the resources and plans in place to succeed… NASDAQ: LWLG • 6
Slide 7: Outline
Outline
Slide 8: Outline
Outline • What we do… • Market dynamics • Target markets • Unique core competences • Business strategy •IR & Leadership • Summary Red font → new guidance NASDAQ: LWLG • 8
Slide 9: What we do…
What we do…
Slide 10: We solve the problem…for decades…
We solve the problem…for decades… • We create our own materials that are unique • Our materials switch light very fast • (much faster than Liquid Crystals in displays) → ideal for a faster, lower power internet • Our materials are polymers • (like OLEDs – Organic LEDs used for TVs where their polyme
Slide 11: Market dynamics
_ Market dynamics i a i Bs
Slide 12: Reaching higher Tx speeds: Tbps and beyond…
Reaching higher Tx speeds: Tbps and beyond… Single lane…have to have faster optics… Source: Ethernet Alliance, OSFP MSA NASDAQ: LWLG • 12
Slide 13: …Yet Power Consumption Spiraling Up
…Yet Power Consumption Spiraling Up Power Traffic Major challenge for DCs and service providers Power is growing exponentially with increased traffic levels…it is the Achilles Heel… Source: Publication: Walnum, HJ et al NASDAQ: LWLG • 13
Slide 14: Industry demanding higher speed & lower power
Industry demanding higher speed & lower power Metrics are now being taken very seriously… Growing bandwidth brings higher power → power needs to be mitigated as speeds increase… Source: Arista, OFC 2022 NASDAQ: LWLG • 14
Slide 15: Target markets
Target markets
Slide 16: Our initial target markets: fiber communications
Our initial target markets: fiber communications Photonics Photonics Optical Optical Partner type Opportunity for Integrated applications compone Transceivers Transceivers Photonics (PICs) * * nts (Polymer, SiPh, InP) TAM (2022) TAM (2030) market 2030* Fiber comms ~$60-80B $7B ~$40-60B Foundry, OEM/
Slide 17: Market positioning
\, Market positioning MW a
Slide 18: Our polymers break through the speed wall
Our polymers break through the speed wall Wall Data rates after breaking through the wall… 100Gbps = 100Gbaud, NRZ, 1 lane 800Gbps = 100Gbaud, PAM4, 4 lanes 150Gbps = 150Gbaud, NRZ, 1 lane 300Gbps = 150Gbaud, PAM4, 1 lane 1200Gbps = 150Gbaud, PAM4, 4 lanes 12 lanes Wall 8 lanes 2400Gbps = 150Gbaud,
Slide 19: Low voltage polymers save power…
Low voltage polymers save power… • Low voltage polymers ---------------------------Modulators can be driven directly from CMOS • Lower voltage operation ------------------------Saves power (~2-3X at device level) • Less IC chips/drivers on the line card --------Lowers power and cost (~5-10X at board
Slide 20: Polymer target attributes vs competition
Polymer target attributes vs competition Modulator technology Silicon Indium Lithium TFLN Polymer Polymer Polymer (SiPh) Phosphide Niobate Stack Plus Slot LWLG (InP) (LiNbO3) Speed (in 3dB 25-30GHz 30-40GHz 20-25GHz 50-70GHz 100GHz 100GHz Over bandwidth) Commercial Commercial Waning In 100GHz incumb
Slide 21: Unique core competences
Unique core competences
Slide 22: Polymer advantages
Polymer advantages • Naturally very fast at switching light (material properties) • 2-3X existing solutions using modulators • Naturally very low power consuming (material properties) • 10X lower power depending on device/architectural design • Easily fabricated using CMOS/Silicon foundries • Proces
Slide 23: CMOS/silicon compatible PDK → Polymer Slot
CMOS/silicon compatible PDK → Polymer Slot™ • (1) Standard CMOS/silicon photonics chip with slots defined by photolithography • (2) Standard metallization for gate/source contacts • (3) Spin-on EO polymer, cured in standard ovens, polled for optical switching • (4) Dielectric passivation for protect
Slide 24: Foundry fabrication with PDK
Foundry fabrication with PDK Slot Rails for Si Slot Modulator from Foundry A Optical Microscope image of strip to rib converter + slot waveguide from Foundry D Si Slot Modulator from Foundry D Si Slot Grating Coupler for Si Slot Modulator from Modulator from Foundry A Foundry D Rib to slot converter
Slide 25: Foundry fabrication
Foundry fabrication Vertical grating coupler example Source: Lightwave Logic (LWLG) NASDAQ: LWLG • 25
Slide 26: Polymer slot modulators are very small
Polymer slot modulators are very small LWLG 8 x 1 Polymer SlotTM array 9 mm 1 mm Size matters! Source: Lightwave Logic (LWLG) NASDAQ: LWLG • 26
Slide 27: Only 30X better*…
Only 30X better*… Competitive transceiver TFNL 800G-DR8 Module Polymer SlotTM 9 mm 9 mm 15 mm 15 mm 8 modulators x 100G = 800G or 0.8T 120 modulators x 100G = 12T 120 modulators x 200G = 24T Potential for 30x data capacity in same pluggable formfactor At least 30X better than competition…size, low p
Slide 28: Where we enter the market…
Where we enter the market… Polymer modulators fabricated in silicon foundries Polymer engines for pluggable transceivers Source: Ethernet Alliance, OSFP MSA NASDAQ: LWLG • 28
Slide 29: Optical transceiver trends
Optical transceiver trends Pluggable transceiver direction Pluggable transceivers need to increase in speed in conjunction with the electronics Source: Adapted from Arista (2022), Lightwave Logic (LWLG), OSFP MSA (2022) NASDAQ: LWLG • 29
Slide 30: Polymers for decades…
Polymers for decades… 64 x 800 Gbps? 51.2T 32 x 800 Gbps? 25.6T 64 x 200 Gbps? 32 x 400 Gbps? 12.8T 32 x 200 Gbps? 16 x 400 Gbps? 6.4T 400 Gbps? 800 Gbps? Decades…. → Roadmap enabled by high speed, low power, tiny footprint polymers… Source: Adapted from Arista (2022), Lightwave Logic (LWLG), OSFP M
Slide 31: Business strategy
Business strategy
Slide 32: Strategy
Strategy Licensing Technology Selling polymer transfer components materials (to foundries) 1 2 3 • 1. Prototype testing underway for future modulator sales as part of a silicon photonics (PIC) platform • 2. Negotiating supply agreements for polymer materials as part of generating licensing royalty •
Slide 33: 70+ Patents & Patent Applications
Robust intellectual property portfolio 70+ Patents & Patent Applications Technology transfer (silicon foundries) Licensing royalties (OEM, CM, direct customers) ISSUED ISSUED INTERNATIONAL Heterocyclical Polymer modulator devices Includes materials, devices, chromophore architectures Fab, high speed
Slide 34: Partnering for success
Partnering for success • Partnering with multiple foundries, packaging partners and module/transceiver partners to position LWLG for future high-volume production • Partnering to qualify polymer Process Development Kits (PDK) with foundries using standard fabrication techniques • Technology evaluati
Slide 35: Volume scale with silicon foundries with timelines
Volume scale with silicon foundries with timelines Existing PIC Open to create Geographical Expected Foundry Wafers PDK (silicon EO polymer location results photonics, InP) PDK Foundry A (polymer plus) North America Silicon Yes In progress 2H22-1H23 Foundry B (polymer plus) North America Silicon Yes
Slide 36: Potential customers at all levels of value chain
Potential customers at all levels of value chain As an ‘optical engine’ supplier, our plan is to sell, license, or technology transfer into OEMs, CMs, foundries as well as direct to manufacturers Sell, license, tech transfer Sell, license, tech transfer Sell, license, tech transfer Influencer Optica
Slide 37: Technology roadmap with timelines
Technology roadmap with timelines Technology Key Proposed Demonstration Unique PkM-3 PkM-4 PkM-5 chemistry MATERIALS Unique chip 50/100G PIC/Phase 50/100/200G PIC Array (400, 800, 1600, 3200) design CHIPS Unique high- High speed pig-tailed Chip on board Array CoB speed perf package 50, 100,200G (400
Slide 38: Polymer business roadmap with timelines
Polymer business roadmap with timelines Driving forward with our ‘high speed, low power’ polymer platform for the industry Customer acceptance and ramp Customer qualification, design verification, partnership Customer interaction, Planning capacity vs OEM/foundry testing, evaluation Continual foreca
Slide 39: Commercialization with timing
Commercialization with timing IDEA RESEARCH PROTYPING PILOTING MANUFACTURING (2) (1) (4) (3) TRL1 TRL2 TRL3 TRL4 TRL5 TRL6 TRL7 TRL8 TRL9 Strategic Milestones: (1) Proof of concept prototypes with fabrication from silicon foundries (2H22) (2) Engineering samples using silicon foundry fabrication (2H
Slide 40: Industry 3rd party review (2021)
Industry 3rd party review (2021) • Paper: ‘Plasmonic racetrack modulator transmitting 220 Gbps OOK and 408 Gbps 8PAM • ECOC 2021 • World record performance electro-optic polymer plasmonic slot modulators • Outperforming competitive modulator designs/materials Electro-optic polymers demonstrate world
Slide 41: Industry 3rd party review (2022)
Industry 3rd party review (2022) • Paper: ‘Enhanced stability of resonant racetrack plasmonic- organic-hybrid modulator’ • OFC 2022 • High performance electro- optic polymer plasmonic slot modulators outperform the competition • Competition are temperature sensitive (Silicon micro-ring resonators) w
Slide 42: Sample market reactions
Sample market reactions High speed • “Lightwave has the roadmap for decades and it is polymers” Low Power • “We have to have low power modulators going forward” Optical networking/internet • “Your timing is incredible – the market needs your technology” • “Both 1310 and 1550nm wavelength windows wil
Slide 43: Update on 2021 goals – with new updates
Update on 2021 goals – with new updates Qualified silicon photonics sampling • Polymer Plus™ chips 70GHz, <3V, → We are testing foundry chips • Packaged Polymer Plus™ prototypes → In progress Progress with commercial partners • Qualified foundry and pkg partners →We have qualified partners • Reliabi
Slide 44: 2022 goals – with new updates
2022 goals – with new updates Qualified sampling • Polymer Plus™ prototypes → Beta/qualification plan • Polymer Slot™ prototypes → Beta/qualification plan Commercial partners • Established deal* with partner →Announcement of partner • Established deal* with foundry →Announcement of foundry Deeper co
Slide 45: Investor Relations
Investor Relations
Slide 46: Typical questions we hear…
Typical questions we hear… Commercial & business • Do you have more info on partners? -----------------------------------------We are partnering with foundries. We have not provided guidance on who they are, however, they are part of our goals. • Do you have revenue guidance for 22/23?--------------
Slide 47: Typical questions (2)
Typical questions (2) Technical - polymer • Will the polymers get better in performance?-------------------------------Our performance is sufficient, and we always strive to improve polymer performance to help customers. • What is the reliability of the polymers?-------------------------------------
Slide 48: Our leadership
Our leadership
Slide 49: Experienced management & board
Experienced management & board Dr. Michael S. Lebby - CEO Mr. Jim Marcelli - President & COO 35+ years in photonics & semiconductors (CEO/CTO level) 35+ years experience in finance & operations Rear Admiral Tom Zelibor, USN (Ret) Dr. Craig Ciesla Chairman Independent Director 35+ years experience in
Slide 50: World class advisory board
World class advisory board Dr. Joseph A. Miller, Jr. 35+ years chemistry, fiber optics R&D (CTO level) Dr. Christoph Harder Expert in photonics, technology development, and manufacturing/selling of photonics components/apps (CTO/CEO level) Dr. Andreas Umbach Coach and consultant on entrepreneurship
Slide 51: Summary
Summary
Slide 52: Summary…
Summary… Standard Optical High speed Material Powerful Huge $B fabrication device design patent markets Science portfolio & testing & packaging Licensing Technology Solving key Volume scale Selling polymer transfer internet with silicon components Achilles Heels foundries materials (to foundries) B/
Slide 53: takeaways…
4 takeaways… • We have made unparalleled progress in the last 12 months… • Our technology is competitively superior and unique… • We are positioned to have polymers become ubiquitous… • We have the resources and plans in place to succeed… NASDAQ: LWLG • 53
Slide 54: Thank you! Unparalleled, Unique, and Ubiquitous…
Investor Relations Contact Company address Greg Falesnik or Luke Zimmerman 369 Inverness Parkway, Suite 350 MZ Group - MZ North America Englewood, CO 80112 949-259-4987 LWLG@mzgroup.us lightwavelogic.com www.mzgroup.us Thank you! Unparalleled, Unique, and Ubiquitous…