Lightwave Logic Announces Preliminary Durability Test Results That Exceed Industry Standards
Virtually No Observed Degradation of Electro Optical Activity Demonstrates Commercial Viability For Certain Multi-Billion Dollar MarketsFurther Confirmatory Tests In Progress
LONGMONT, Colo., Dec. 18, 2014 /PRNewswire via COMTEX/ -- Lightwave Logic, Inc. (OTCQB: LWLG), a technology company focused on the development of Next Generation Photonic Devices and Non-Linear Optical Polymer Materials Systems for applications in high speed fiber-optic data communications and optical computing, announced today that the Company has conducted several preliminary tests to demonstrate aging characteristics of its organic, nonlinear electro-optic polymer materials. Several blends of materials created by the Company's previously announced multi-chromophore process, were subjected to aging tests that include exposure to high temperatures (85C and 110C) for 300 hours.
The data collected indicates that there was minimal loss of electro optical activity (R33), even after over 120 hours at 110C. These results exceed some previously published results by other research groups for an organic polymer and demonstrated acceptable longevity and electro-optical activity to satisfy the demands of short-haul (metro) telecommunications and data communications networks.
Tom Zelibor, Chairman and chief Executive Officer of Lightwave Logic stated, "These outstanding results confirm that our multi-chromophore process can engender not only extremely powerful organic polymers, but are also durable enough to function in a commercial environment.
"We are currently running additional confirmatory tests at even higher temperatures before coating our best material systems on our proprietary designed, bleached waveguide modulator prototypes. These prototypes are being produced using substrates received in early November from Reynard Corporation as previously announced.
"The bleached waveguide modulator represents our first commercially viable device, and targets metro networks (< 10Km) within large scale telecommunications and data communications networks and represents approximately a $300MM per year market opportunity for us. With working prototypes in hand we will engage with several potential partners and customers who have shown interest in our technology that we have already been in discussions with."
For more information about Lightwave Logic, please visit the Company's website at following URL: www.lightwavelogic.com
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Lightwave Logic, Inc. is a development stage company that produces 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. For more information, about the Company please visit the corporate website at: www.lightwavelogic.com.
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, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company's control.
For Further Information Contact:
Steven CordovanoLightwave Logic203-952-6373steve@lightwavelogic.com
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SOURCE Lightwave Logic, Inc.
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