$LWLG Latest Info from the Company: Lightwave Logic Achieves High-Speed Modulation Enabling 25Gbps in an All-Organic Polymer Ridge Waveguide Modulator Prototype
Mach-Zehnder Design Allows Company to Address 100Gbps Using its Polymer Photonics Integrated Circuit (P2IC(TM)) Technology Platform
LONGMONT, CO--(Marketwired - April 26, 2017) - 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 telecommunications, announced today it has achieved bandwidth suitable for 25Gbps data rates in an all-organic polymer ridge waveguide intensity modulator prototype. This is a significant improvement over its initial 10Gbps device modulator previously reported on December 26, 2016
A modulator converts electronic/digital information into pulses of light that can traverse fiber optic cables. Modulation is the central information-encoding technology for the datacenter, data communications, and high performance computing industries. To achieve 100 Gbps, modulators are typically operated in groups of 4 (each at 25 Gbps) using a variety of circuit configurations.
A Polymer Photonics Integrated Circuit (P2IC™) is analogous to an electronic integrated circuit, but incorporates two or more optical functions on a single substrate platform. P2ICs™ are expected to experience an increase in component density, similar to Moore's Law described for ICs, where numerous photonic functions are enabled using electro-optic polymer materials. This results in photonic devices that are scalable -- meaning capable of low and decreasing cost while also increasing performance.
Tom Zelibor, CEO of Lightwave Logic commented, "Less than two-quarters from our initial 10Gbps waveguide modulator press release, our engineering team has pushed the performance to where we can now address the explosive 100Gbps market for optical modulators.
"Enabled by our P2IC™ polymer system, our prototype device is suitable for data rates at 25Gbps, and we believe it can be scaled further to operate up to 50Gbps. A 50Gbps device would be the key to open the door for our company to address the next large market, 400Gbps nodes (e.g., using eight modulators). Our near-term next steps will be to optimize relevant 25Gbps device performance parameters.
"We have continued to attract, recruit and hire specialized world class device engineers to capitalize on our existing momentum, which has attained results ahead of schedule. Importantly, this will accelerate our continued progress in 2017 and beyond. In that effort, we have already begun exploring packaging designs to prepare for customer evaluations.
"We expect that the 25Gbps device will generate significant industry attention as we squarely address powerful, cost-effective miniaturized solutions for both today's 100Gbps, and future 400Gbps higher performance markets."
For more information about Lightwave Logic, please visit the Company's website at following URL: www.lightwavelogic.com
Powered by Lightwave Logic
Lightwave Logic, Inc. is a development stage company moving toward commercialization of next generation photonic devices using its high-activity and high-stability organic polymers for applications in data communications and telecommunications markets. Photonic electro-optical devices convert data from electric signals into optical signals. For more information, about the Company please visit the corporate website at: http://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 Cordovano
Lightwave Logic
203-952-6373
steve@lightwavelogic.com
News Link:
http://www.marketwired.com/press-release/ligh...212150.htm
Dr. Michael Lebby Issues Letter to Lightwave Logic Shareholders
Longmont, Colorado, May 01, 2017 (GLOBE NEWSWIRE) --
Michael Lebby, CEO
Lightwave Logic, Inc.
1831 Lefthand Circle, Suite C
Longmont, CO 80501
May 1, 2017
Fellow Shareholders,
Today, with great pride I assume the post of CEO of Lightwave Logic. I have been an independent board member since mid-2015, and I have personally seen the company move quickly and efficiently towards the commercialization of its polymer photonics materials under the leadership of Tom Zelibor and Jim Marcelli. Going forward, Tom will remain as Chairman of the Board, and Jim will continue in the President/Chief Operating Officer role; both continuing to provide the valued and expert leadership we have all seen over the past few years. Lightwave Logic is in excellent health, and is ideally positioned to advance polymer photonics based technologies onto the world stage.
I am also proud to have Fred Leonberger as an outside board member (see Press Release dated March 29, 2017). Fred is one of the most famous, and technically successful engineering leaders in the fiber communications business. Fred is a veteran of this field and has driven many technical photonic device programs to product, both at JDSU, United Technologies, as well as other companies. We are proud and privileged to have Fred on our team assisting both at the board level as well as part of our Operations Committee.
My enthusiasm for Lightwave Logic has been reinforced by the fact that we not only have achieved our stated milestones, but also have exceeded them and continue to exceed them. The momentum is building and we believe that we are rapidly accelerating toward becoming a truly world-class polymer device revenue-generating enterprise, as can be seen by last week’s press release (dated April 26, 2017) which reports Lightwave Logic achieving high speed modulation enabling 25Gbps in our polymer based optical modulator.
For 2017, our development route is now clear. We need to scale the performance of the ridge waveguide modulator to a point where customers will ask to evaluate the device. As we noted in our December 27, 2016 press release, one of the major opportunities over the next decade is the 100Gbps node which is composed of 4 channels, each operating at 25Gbps)—and that is where we are focusing our development efforts. Our press release last week reported that we now have seen high speed performance from our modulator to enable 100Gbps solutions in the market place, which is extremely exciting for us. We intend to leverage significant advances in our organic polymer materials development to fully develop our P2IC™ (polymer PIC or polymer photonics integrated circuit) platform to address 4x25Gbps customer-ready devices that also can pass reliability and quality assurance metrics.
The opportunity that awaits us is large. At the start of 2017, I took on the challenge to explore the market trends in the datacom and telecom market segments, and produced internal data to forecast which markets would be attractive to us over the next decade. It quickly became evident that market demand for 100Gbps devices (using 25Gbps devices) is explosive with demand exceeding supply. We also saw the market upgrading device performance to 50Gbps to support the growing demand for 400Gbps data rates, especially in the data center segment of the market. I look forward to sharing this data with you at our upcoming annual meeting of shareholders on May 18 in Boulder, Colorado [A live feed of the meeting (10 AM Mountain Time) can be accessed online at: http://public.viavid.com/index.php?id=123175].
The good news here is that we know our ridge waveguide modulator device is scalable, and capable of much more. We are now capable of addressing the 100Gbps opportunity head-on through with 4 channels of 25Gbps. We plan to focus the remaining part of 2017 on development work to optimize data rates and other performance parameters for the ridge waveguide modulator, and we will report on those milestones as we achieve them.
Marketing
Our marketing and communications efforts are planned to continue to expose Lightwave Logic to a much broader audience, both inside the datacom and telecom segments of fiber communications, but also outside of this market. The company made two significant presentations to important industry audiences that showcased the promise of Polymer Photonic Integrated Circuits (P2ICTM) in 2016, and will look to make more presentations later in 2017 and 2018 as we complete more milestones in our device development program for the ridge waveguide modulator. We continue to receive invites for presentations of our technology platform, and we expect this to increase as we report on our development progress.
We started early in 2016 by demonstrating that our organic polymer materials could withstand greater than 4,000 hours of photochemical stability (in nitrogen) - a key metric that determines the ultimate ability of our material to function in a commercial environment without degradation. By year end 2016, we not only achieved our goals for a 2.5Gbps working ridge waveguide modulator, we exceeded them with modulator bandwidths that exceeded 5GHz and can support data rates of 10Gbps. Again in 2017 we are ahead of schedule, and now with a 25Gbps capable modulator, we will continue to improve device performance for the remainder of 2017.
While our ridge waveguide modulator will be our primary area of device development, we will also further optimize our polymer materials and look to partner with companies to further the work on an ultra-miniaturized silicon photonics hybrid slot waveguide modulator.
Summary
The company under Tom and Jim’s leadership has benefited immensely over the past two years to bring polymer photonics to the forefront of the technology community and to demonstrate working polymer ridge waveguide modulators ahead of schedule. Tom and Jim will continue their important leadership at Lightwave Logic as Chairman, and President/COO roles, respectively. It is critical that Lightwave Logic continues this impressive technical progress. My role is to take these exciting results with the assistance from Fred Leonberger and aim them towards product development. We are attracting the brightest and best in the field who have recognized our technological achievements who now want to join us to commercialize our polymer photonics P2IC™platform.
2017 will be an important year for us as we progress our technology development further towards commercialization. We still have many issues to address, specifications to hone, and performance to optimize; however, by 2018 we believe our company will be in a much stronger position to engage with large partners for business development opportunities. Because the value proposition of our polymer technology is so compelling, we expect to attract enormous interest by potential partners.
Thank you,
Michael Lebby
CEO
Mach-Zehnder Design Allows Company to Address 100Gbps Using its Polymer Photonics Integrated Circuit (P2IC(TM)) Technology Platform
LONGMONT, CO--(Marketwired - April 26, 2017) - 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 telecommunications, announced today it has achieved bandwidth suitable for 25Gbps data rates in an all-organic polymer ridge waveguide intensity modulator prototype. This is a significant improvement over its initial 10Gbps device modulator previously reported on December 26, 2016
A modulator converts electronic/digital information into pulses of light that can traverse fiber optic cables. Modulation is the central information-encoding technology for the datacenter, data communications, and high performance computing industries. To achieve 100 Gbps, modulators are typically operated in groups of 4 (each at 25 Gbps) using a variety of circuit configurations.
A Polymer Photonics Integrated Circuit (P2IC™) is analogous to an electronic integrated circuit, but incorporates two or more optical functions on a single substrate platform. P2ICs™ are expected to experience an increase in component density, similar to Moore's Law described for ICs, where numerous photonic functions are enabled using electro-optic polymer materials. This results in photonic devices that are scalable -- meaning capable of low and decreasing cost while also increasing performance.
Tom Zelibor, CEO of Lightwave Logic commented, "Less than two-quarters from our initial 10Gbps waveguide modulator press release, our engineering team has pushed the performance to where we can now address the explosive 100Gbps market for optical modulators.
"Enabled by our P2IC™ polymer system, our prototype device is suitable for data rates at 25Gbps, and we believe it can be scaled further to operate up to 50Gbps. A 50Gbps device would be the key to open the door for our company to address the next large market, 400Gbps nodes (e.g., using eight modulators). Our near-term next steps will be to optimize relevant 25Gbps device performance parameters.
"We have continued to attract, recruit and hire specialized world class device engineers to capitalize on our existing momentum, which has attained results ahead of schedule. Importantly, this will accelerate our continued progress in 2017 and beyond. In that effort, we have already begun exploring packaging designs to prepare for customer evaluations.
"We expect that the 25Gbps device will generate significant industry attention as we squarely address powerful, cost-effective miniaturized solutions for both today's 100Gbps, and future 400Gbps higher performance markets."
For more information about Lightwave Logic, please visit the Company's website at following URL: www.lightwavelogic.com
Powered by Lightwave Logic
Lightwave Logic, Inc. is a development stage company moving toward commercialization of next generation photonic devices using its high-activity and high-stability organic polymers for applications in data communications and telecommunications markets. Photonic electro-optical devices convert data from electric signals into optical signals. For more information, about the Company please visit the corporate website at: http://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 Cordovano
Lightwave Logic
203-952-6373
steve@lightwavelogic.com
News Link:
http://www.marketwired.com/press-release/ligh...212150.htm
Dr. Michael Lebby Issues Letter to Lightwave Logic Shareholders
Longmont, Colorado, May 01, 2017 (GLOBE NEWSWIRE) --
Michael Lebby, CEO
Lightwave Logic, Inc.
1831 Lefthand Circle, Suite C
Longmont, CO 80501
May 1, 2017
Fellow Shareholders,
Today, with great pride I assume the post of CEO of Lightwave Logic. I have been an independent board member since mid-2015, and I have personally seen the company move quickly and efficiently towards the commercialization of its polymer photonics materials under the leadership of Tom Zelibor and Jim Marcelli. Going forward, Tom will remain as Chairman of the Board, and Jim will continue in the President/Chief Operating Officer role; both continuing to provide the valued and expert leadership we have all seen over the past few years. Lightwave Logic is in excellent health, and is ideally positioned to advance polymer photonics based technologies onto the world stage.
I am also proud to have Fred Leonberger as an outside board member (see Press Release dated March 29, 2017). Fred is one of the most famous, and technically successful engineering leaders in the fiber communications business. Fred is a veteran of this field and has driven many technical photonic device programs to product, both at JDSU, United Technologies, as well as other companies. We are proud and privileged to have Fred on our team assisting both at the board level as well as part of our Operations Committee.
My enthusiasm for Lightwave Logic has been reinforced by the fact that we not only have achieved our stated milestones, but also have exceeded them and continue to exceed them. The momentum is building and we believe that we are rapidly accelerating toward becoming a truly world-class polymer device revenue-generating enterprise, as can be seen by last week’s press release (dated April 26, 2017) which reports Lightwave Logic achieving high speed modulation enabling 25Gbps in our polymer based optical modulator.
For 2017, our development route is now clear. We need to scale the performance of the ridge waveguide modulator to a point where customers will ask to evaluate the device. As we noted in our December 27, 2016 press release, one of the major opportunities over the next decade is the 100Gbps node which is composed of 4 channels, each operating at 25Gbps)—and that is where we are focusing our development efforts. Our press release last week reported that we now have seen high speed performance from our modulator to enable 100Gbps solutions in the market place, which is extremely exciting for us. We intend to leverage significant advances in our organic polymer materials development to fully develop our P2IC™ (polymer PIC or polymer photonics integrated circuit) platform to address 4x25Gbps customer-ready devices that also can pass reliability and quality assurance metrics.
The opportunity that awaits us is large. At the start of 2017, I took on the challenge to explore the market trends in the datacom and telecom market segments, and produced internal data to forecast which markets would be attractive to us over the next decade. It quickly became evident that market demand for 100Gbps devices (using 25Gbps devices) is explosive with demand exceeding supply. We also saw the market upgrading device performance to 50Gbps to support the growing demand for 400Gbps data rates, especially in the data center segment of the market. I look forward to sharing this data with you at our upcoming annual meeting of shareholders on May 18 in Boulder, Colorado [A live feed of the meeting (10 AM Mountain Time) can be accessed online at: http://public.viavid.com/index.php?id=123175].
The good news here is that we know our ridge waveguide modulator device is scalable, and capable of much more. We are now capable of addressing the 100Gbps opportunity head-on through with 4 channels of 25Gbps. We plan to focus the remaining part of 2017 on development work to optimize data rates and other performance parameters for the ridge waveguide modulator, and we will report on those milestones as we achieve them.
Marketing
Our marketing and communications efforts are planned to continue to expose Lightwave Logic to a much broader audience, both inside the datacom and telecom segments of fiber communications, but also outside of this market. The company made two significant presentations to important industry audiences that showcased the promise of Polymer Photonic Integrated Circuits (P2ICTM) in 2016, and will look to make more presentations later in 2017 and 2018 as we complete more milestones in our device development program for the ridge waveguide modulator. We continue to receive invites for presentations of our technology platform, and we expect this to increase as we report on our development progress.
We started early in 2016 by demonstrating that our organic polymer materials could withstand greater than 4,000 hours of photochemical stability (in nitrogen) - a key metric that determines the ultimate ability of our material to function in a commercial environment without degradation. By year end 2016, we not only achieved our goals for a 2.5Gbps working ridge waveguide modulator, we exceeded them with modulator bandwidths that exceeded 5GHz and can support data rates of 10Gbps. Again in 2017 we are ahead of schedule, and now with a 25Gbps capable modulator, we will continue to improve device performance for the remainder of 2017.
While our ridge waveguide modulator will be our primary area of device development, we will also further optimize our polymer materials and look to partner with companies to further the work on an ultra-miniaturized silicon photonics hybrid slot waveguide modulator.
Summary
The company under Tom and Jim’s leadership has benefited immensely over the past two years to bring polymer photonics to the forefront of the technology community and to demonstrate working polymer ridge waveguide modulators ahead of schedule. Tom and Jim will continue their important leadership at Lightwave Logic as Chairman, and President/COO roles, respectively. It is critical that Lightwave Logic continues this impressive technical progress. My role is to take these exciting results with the assistance from Fred Leonberger and aim them towards product development. We are attracting the brightest and best in the field who have recognized our technological achievements who now want to join us to commercialize our polymer photonics P2IC™platform.
2017 will be an important year for us as we progress our technology development further towards commercialization. We still have many issues to address, specifications to hone, and performance to optimize; however, by 2018 we believe our company will be in a much stronger position to engage with large partners for business development opportunities. Because the value proposition of our polymer technology is so compelling, we expect to attract enormous interest by potential partners.
Thank you,
Michael Lebby
CEO
Lightwave Logic Inc (LWLG) Stock Research Links
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