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Technology Stocks : Lightwave Logic, Inc.
LWLG 5.230+3.6%Nov 7 9:30 AM EST

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From: manny t11/29/2010 9:39:42 AM
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LWLG,

Patent news out
Lightwave Logic Receives Notice of Allowance in Patent Application for Perkinamine ? Chromophores , Protecting Revolutionary Electro - optical Polymer Foundation Technology

NEWARK , Del . , Nov . 29 , 2010 / PRNewswire / -- 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 , announced that it has received a Notice of Allowance in U . S . Patent Application No . 11 / 666 , 320 for Heterocyclical Chromophore Architectures , which is directed to various Perkinamine ? chromophores , the company ' s base chromophore architecture -- the foundation of its unique electro - optic materials platform . A chromophore is an advanced type of dye that imparts electro - optical properties to a polymer . ? Perkinamine ? chromophores are a highly potent class of compounds which impart unparalleled thermal and optical stability to a resulting polymer matrix .
Jim Marcelli , Chief Executive Officer of Lightwave Logic said , " We are very pleased that after thorough prosecution at the USPTO we have received this Notice of Allowance for all seven pending claims . Protection of our Intellectual Property together with our know - how creates enormous value for our shareholders .
It is important to understand that our growing patent portfolio now includes allowed U . S . claims covering many of Lightwave ' s major compounds which individually can be used in a myriad of electro - optical devices and applications among them being ; spatial modulators , amplitude and phase modulators , optical limiters , and optical computers ."
Dave Eaton , the company ' s Chief Technology Officer stated , " Our base chromophore architecture is a powerful component of our advanced next generation electro - optical polymer platform . Together with our previously announced Notice of Allowance for our unique spacer , we now have strengthened protection for the total package required for advanced electro - optic applications in telecom and optical computing applications ."
" Powered by Lightwave Logic "
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 .
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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 ,
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