Universal Capital Management Reports on the Launch of Lightwave's 'Next-Generation Electro-Optic Material Platform'
WILMINGTON, Del., June 8, 2009 /PRNewswire-FirstCall via COMTEX/ -- Universal Capital Management, Inc. (OTC Bulletin Board: UCMT), a Wilmington, Delaware business development company that provides management and strategic growth resources to emerging growth companies, is pleased to report that Lightwave Logic, Inc. (OTC Bulletin Board: LWLG, 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, recently announced the beginning of application specific "Next-Generation Electro-Optic Material Platform" to support several new applications over the next several years for the Military, Aerospace, Fiber-Optic Telecommunication and Optical computing market segments.
Lightwave is beginning the initial prototype of a phase modulator using its prototype photonic chip, scheduled for completion by the end of the third quarter 2009. The phase modulator will demonstrate the superior performance of Lightwave's electro-optic material technology to our target markets. The Company's "Next-Generation Electro-Optic Polymer Material Platform" demonstrates small form factor, high speed and bandwidth as well as high temperature stability.
Lightwave's business plan projections is to finish development and build functional prototypes of 40 Gb/s and 100 Gb/s modulators during the first and second quarter of 2010. As an electro-optic materials company Lightwave will now pursue partners and joint ventures to support the production and distribution of these products lines.
Lightwave's material test results have indicated the company now has the performance needed to move forward with commercialization of its game changing "Next-Generation Electro-Optic Material Platform" with both optical and thermal stability required to meet the performance requirements.
Jim Marcelli, Lightwave's CEO stated, "We believe we have created a true game changing technology with the first electro-optic polymer material platform to exhibit the ability to support a broad range of applications through the fine tuning of our Perkinamine class of materials."
Lightwave Logic is a company in Universal Capital Management's portfolio of holdings.
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. Please visit the Company's website, htt://www.lightwavelogic.com, for more information.
About Universal Capital Management, Inc.
Universal Capital Management, Inc., is a publicly traded Business Development Company created under the Investment Act of 1940. Its purpose is to assist its portfolio companies with funding and management to facilitate growth and increase their value. Please refer to the company's website at unicapman.com.
Forward-looking Statements:
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as Universal Capital Management, Inc. "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UCM's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of UCM as appropriate, and the valuation of UCM's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UCM believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and UCM does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE Universal Capital Management, Inc.
URL: unicapman.com
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