Lightwave Logic Announces Update on US Patent Application
Actions Expected to Clear Path for Allowance of Claims for Base Chromophore
NEWARK, Del., Sept 01, 2010 /PRNewswire via COMTEX/ -- Lightwave Logic, Inc. (OTC Bulletin Board: LWLG) a technology company focused on the development of the 'Next Generation Electro-Optic Polymer Material Platform' for applications in high speed fiber-optic data communications and optical computing, provided an update on the Company's US Patent Application No. 11/666,320.
On August 27, 2010, Lightwave Logic submitted a Supplemental Amendment to the USPTO in our U.S. Patent Application No. 11/666,320, which was done for procedural purposes at the suggestion of the Examiner who has been handling the patent application. Although the reinserted claim contained in the Supplemental Amendment will result in a maintained rejection and a second final Office Action, the Examiner suggested this step in order to properly enable him to withdraw previous rejections of all of the other pending claims.
Subsequently, in accordance with the Examiner's previous indications, the company anticipates obtaining a Notice of Allowance in this patent application on all remaining claims.
CEO Jim Marcelli stated, "We are very happy to have come to a resolution with the USPTO regarding this patent, which we anticipate will result in the USPTO issuing the long awaited allowances of our claims and subsequent patent. Upon the issuance of this US patent, our patent estate will be strengthened, providing increasing value to the shareholders of Lightwave Logic."
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Lightwave Logic, Inc. is a development stage company that is producing prototype electro-optic demonstration devices and is moving toward 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, 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.
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