Lightwave Logic Achieves Major Production Milestone
WILMINGTON, Del., May 27 /PRNewswire-FirstCall/ -- Lightwave Logic, Inc., (OTC Bulletin Board: LWLG - News; http://www.lightwavelogic.com), a technology company focused on the development of electro-optic polymer materials for applications in high-speed fiber-optic telecommunications and optical computing, announced today an update on its current testing results.
The testing of the company's material is complex and requires numerous independent measurements necessary for commercialization. These initial tests may be divided into three general categories, including: Solubility (or Material Integration), Stability and Performance (or r33). Although all tests are not yet complete, results in the first two testing categories suggest that the company's material is well-suited for commercialization. Although performance (r33) testing has not yet been re-confirmed, previous test results indicated a 700% improvement over competitive technologies.
Lightwave Logic's Chief Technical Officer, David Eaton, explains, "Although the process has been delayed presumably due to end of year class scheduling, our preliminary results have been extremely positive, and we expect to produce our initial prototype devices in the short-term."
Two years ago the performance (r33) measurements from this material proved to be seven times the performance of the next highest performing competitive material. The company must, however, repeat r33 measurements to complete the proper testing protocol. The company will publish these results as soon as they become available. After completion of all testing and receipt of successful test results, Photon-X will begin fabrication of our initial prototype fiber-optic modulator.
Due to the time of year and university scheduling conflicts, the company has decided to have the final r33 testing conducted by Dr. C.C. Teng (co-inventor of the testing procedure), after which the University of Arizona will be used to confirm the results and complete additional tests to be used in a commercial device. Photon-X, our partner who has been very cooperative in this process, will also aid in the testing.
About Lightwave Logic, Inc.
Lightwave Logic, Inc. is a development stage company, moving toward prototype demonstration and 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. Lightwave Logic, Inc. is a portfolio company of Universal Capital Management, Inc. (OTC Bulletin Board: UCMT - News). Please visit the Company's website, www.lightwavelogic.com, for more information.
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.
