Company's First Direct Organic Nonlinear Polymer Material Sale
Powerful Perkinamine™ Polymer to Drive Extremely High Optical Switching Speeds for Advanced LADAR System
NEWARK, Del., Aug. 21, 2013 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQB: LWLG), a technology company focused on the development of a Next Generation Non Linear Optical Polymer Materials Platform for applications in high speed fiber-optic data communications and optical computing, announced today that they will be providing its organic nonlinear optical polymers to the University of Colorado's Guided Wave Optics Laboratory in support of a Boulder Nonlinear Systems' effort to develop a prototype 3-D imaging Laser Rader (LADAR) system. The formal purchase order is pending with details to follow when available.
Tom Zelibor, Chairman and Chief Executive Officer of Lightwave Logic commented, "This will be the first direct sale of our materials and validates that our Perkinamine™ family of chromophores can enable new toolsets for the development of next generation devices with advanced capabilities. Even though this represents only a small amount of our material and revenue, if successful it could lead to more significant sales. I am also pleased that our long-term relationship with Dr. Alan Mickelson and the Guided Wave Optics Lab at University of Colorado and BNS will provide an opportunity to showcase our material in an advanced DoD 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. For more information, please visit the Company's website, 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, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
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