Lightwave Logic, Inc. Announces New Patent Updates
WILMINGTON, Del., Oct 22, 2008 /PRNewswire-FirstCall via COMTEX/ -- Lightwave Logic, Inc. (OTC Bulletin Board: LWLG) (http://lightwavelogic.com), a technology company focused on the development of electro-optic polymer materials for applications in high-speed fiber-optic telecommunications and optical computing, is pleased to announce receipt of the first office action on one of our five important patent applications. We expect a substantive comment from the Patent Office within the next few months.
The action requires Lightwave to elect and restrict broad claims to new materials for the purpose of expeditious patent examination. Lightwave is diligently working on the request and expects to have it completed by month's end. The examiner has asked Lightwave to reduce the scope of the work he must do to evaluate the application and expedite the process.
"We view this action as a positive event," states Dave Eaton, CTO. "Additionally, through our product development we have identified several other key patentable materials which we expect to be filing in the future. This adds to our intellectual property portfolio and increases value to our shareholders."
About Lightwave Logic, Inc.
Lightwave Logic, Inc. is a development stage company, moving toward prototype demonstration and commercialization of its high-activity, high- stability organic polymers for applications in electro-optical device markets. Electro-optical devices convert data from electric signals into optical signals for use in high-speed fiber-optic telecommunications systems and optical computers. Lightwave Logic, Inc. is a portfolio company of Universal Capital Management, Inc. (OTC Bulletin Board: UCMT). Please visit the Company's website, www.lightwavelogic.com, for more information.
Safe Harbor Statement
The information posted in this release 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," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
SOURCE Lightwave Logic, Inc.
URL: lightwavelogic.com
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