|By PR Newswire||
|April 23, 2014 11:18 AM EDT||
LONGMONT, Colo., April 23, 2014 /PRNewswire/ -- 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 it has integrated its proprietary Perkinamine™ chromophore technology, with other chromophores based in part on aspects of proprietary, in-licensed technologies. This has resulted in a powerful and durable nonlinear organic electro-optical (EO) material that will be used in photonic device development and is based on the Company's new multi-chromophore approach that allows two or more chromophores to work in concert.
Starting with the fundamental underpinnings of Lightwave's proprietary Perkinamine™ technology, the Lightwave Logic research scientists have found that by combining various Perkinamine™ chemical compounds with certain aspects of in-licensed chromophore portfolios, the total chromophore concentration in a host polymer system can be dramatically improved. The Company intends to further validate this performance in prototype photonic devices. Key results will be shared with interested industrial partners.
Lou Bintz, Vice President of Product Development stated, "This multi-chromophore system has achieved a 50% increase in chromophore concentration, leading to higher electro-optical activity when compared to an equivalent single chromophore system. It does not cause the high chromophore density loading issues such as reduced effective electro-optic activity due to a non-uniform concentration of chromophore in the polymer host. For the past several months we have consistently witnessed amazing durability and poling stability (chromophore alignment) in thin film measurement tests in our new Longmont, Colorado device fabrication and testing facility. Repeated, multi-point measurements show twice the electro-optic effect of Lithium Niobate with excellent durability."
Tom Zelibor, Chairman and Chief Executive Officer of Lightwave Logic stated, "Since developing this new capability, our corporate focus has been to expand our portfolio of EO materials, not to replace our core Perkinamine™ family of chromophores, but to work with them adjunctively.
"These results are vitally important to our commercialization efforts and validate our scientific approach. This creates a myriad of market opportunities due to almost infinite potential combinations of molecules and parts of molecules with unique properties to address distinct market opportunities. We will soon put the material into proprietary, advanced design photonic devices together with the Guided Wave Optics Laboratory in the University of Colorado.
"Malachite™ is undoubtedly the most durable nonlinear organic material system we have ever synthesized that also possesses high electro-optic efficiency, and the ability to work in ambient conditions. It is designed to enable a data communications transceiver to function inside the data center. We intend to satisfy the enormous and as yet unfulfilled demand for 100gb/s data rates inside these massive and complex facilities. We are already working on a next generation Malachite™ material system to target a different application."
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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..
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.
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