ENGLEWOOD, CO, Feb. 28, 2019 (GLOBE NEWSWIRE) --
Lightwave Logic, Inc. (LWLG) today announced a major breakthrough in its development of clean technology polymer materials that target the insatiable demand for fast and efficient data communications in the multi-billion-dollar telecom and data markets supporting Internet, 5G and IoT (Internet of Things) webscale services. The improved thermally stable polymer has more than double the electro-optic response of the Company’s previous materials, enabling optical device performance of well over 100 GHz with extremely low power requirements. This addition to the family of PerkinamineTM polymers will hold back run-away consumption of resources and energy needed to support ever-growing data consumption demands. The Company anticipates it will continue rigorous testing of the material and its performance in device structures during the remainder of this year before releasing it into full device development. Meanwhile, the Company will continue on the path of customer engagement with its 50 GHz modulators.
Lightwave Logic develops Faster by Design™ extremely high-speed photonic devices and electro-optical polymer materials systems. These devices and materials promise to minimize added costs and energy consumption as data traffic grow by enabling network operators to run fewer, but faster, communications links than would be possible otherwise. Optical components made with conventional technologies such as semiconductors are hitting fundamental physical speed limits. Electro-optic polymers have excellent natural properties, which results in both unmatched speed and lower drive voltage. The Company has already developed 50 GHz optical devices based on its existing polymer electro-optic materials whose speeds exceed the 30 - 40 GHz1 of leading semiconductor products. The improved material doubles the speed and halves the devices’ voltage requirements.
Dr. Joseph A. Miller, Jr., long time Lightwave Logic Board member commented, “Congratulations Lightwave. In my nearly fifty-year association with materials development, your accomplishment ranks right at the top. Your focus on polymer-based electro-optic systems recognized their potential to provide the highest speed in data communications. You have created a material set that could make that potential a reality. Such breakthroughs always bring great anticipation for the future. This is no exception.”
Dr. Michael Lebby, CEO of Lightwave Logic, Inc. stated, "I could not be more excited or prouder of our team for this accomplishment. They have raised the bar and set what could be a new industry standard for many years to come. Polymer electro-optics can break through today’s technology limitations to give us both fast and energy efficient data communications. We are anxious to get this material into a test device within the next 6 months while we continue developing existing polymer device prototypes for evaluation by potential customers. Our team’s recent success demonstrates that we are the premier company on the verge of engineering commercially viable, advanced electrooptic materials and devices beyond what has been achieved before.”
1 30 - 40 GHz modulators are used in a variety of 100 and 200 Gigabit per second transmission schemes.
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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.
Perkinamine™ is a polymer material family that was developed by Lightwave Logic as a breakthrough very high-speed material for use in optical communications. The materials are designed to have high electro-optic activity, thermal stability and photostability and compatibility with established optical manufacturing and packaging platforms.
For more information about Lightwave Logic, please visit the Company’s website at following URL: http://www.lightwavelogic.com
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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, 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.
Lightwave Logic, Inc.
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