Some coverage of Lightwave Logic in The OTC Investor this week...
LINK:
theotcinvestor.com
Lightwave Logic Technology Could Revolutionize Market
By Justin Kuepper • on June 15, 2009
Lightwave Logic, Inc. (LWLG) confirmed its previous testing on its revolutionary electro-optic polymer materials that showed three to seven times the performance of competitive materials. The technology exhibits thermal stability as high as 350 degrees Celsius and could be used in a variety of different applications.
Lightwave Logic, Inc. (LWLG.OB: 0.79 0.00%), a technology company developing an elecro-optic polymer material for applications in high speed fiber-optic telecommunications and optical computing, has seen its shares rise sharply over the past few weeks. The company reported positive testing results, while also making progress with its patent applications.
In order to transmit digital information at extremely high speeds, it is necessary to convert the electrical signals produced by a computer into optical signals for transmission over long-distance fiber-optic cables. The actual conversion of electricity into an optical signal may be performed by a molecularly-engineered material known as an electro-optic plastic.
Lightwave is developing electro-optic plastics that promise performance many times faster than any technology currently available and that have unprecedented thermal stability. Recent results, confirmed by the University of Arizona, have demonstrated that the molecular performance of some of the company’s designs performed 650% better than competitive compounds.
Last week, Lightwave confirmed its previous testing on its revolutionary electro-optic polymer material, which showed three to seven times the performance of competitive materials. Meanwhile, the technology also exhibited thermal stability in temperatures as high as 350 degrees Celsius, and can therefore be used in a variety of different applications.
Earlier this year, Lightwave also received a first office action on two of its patent applications entitled “Heterocyclic Chromophore Architectures” and “Tricyclic Spacers for Nonlinear Optical (NLO) Devices.” The two office actions move the company forward in their continued procurement and protection of its valuable intellectual property portfolio.
Last quarter, Lightwave reported no revenues and a net loss of nearly $14.7 million. The company’s balance sheet showed a healthier ratio with $488,435 in assets and just $76,835 in liabilities. However, the company only has $195,460 in cash remaining and has traditionally relied on investors to foot the bill, with around $15 million in paid-in capital.
In the end, Lightwave remains a development stage company, but its technology shows great promise. A recent Regulation D filing with the SEC indicates that future funding may come from its own executives and promoters, but the company may need outside financing down the road, which introduces some elements of risk. |
