{"id":469684,"date":"2021-04-01T08:34:16","date_gmt":"2021-04-01T12:34:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469684"},"modified":"2021-04-01T08:34:16","modified_gmt":"2021-04-01T12:34:16","slug":"lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/","title":{"rendered":"Lightwave Logic Provides Fourth Quarter and Fiscal Year 2020 Corporate Update"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Company Continues Advancement of Prototypes Towards End-Goal of Mass Commercialization<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">ENGLEWOOD, Colo.<\/span>, <span class=\"xn-chron\">April 1, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Lightwave Logic, Inc. (OTCQX: LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power,<b>\u00a0<\/b>today provided a corporate update in conjunction with the filing of its Annual Report on Form 10-K for the quarter and year ended <span class=\"xn-chron\">December 31, 2020<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1311399\/Lightwave_Logic_Inc_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1311399\/Lightwave_Logic_Inc_Logo.jpg\" title=\"Lightwave Logic, Inc. Logo (PRNewsfoto\/Lightwave Logic, Inc.)\" alt=\"Lightwave Logic, Inc. Logo (PRNewsfoto\/Lightwave Logic, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>Recent Company Highlights:\u00a0<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Announced optimization of the Company&#8217;s advanced, photo-stable, ultra-high-speed polymer for high-intensity light applications to be trialed with potential customers under NDA for use in telecommunications and data center end-markets. <\/li>\n<li>Further developed pre-commercial interactions and relationships with vendors, foundries, and potential customers that align with technology product roadmaps. In particular, these interactions and relationships focus on bringing our Polymer Plus\u2122 product platform to market. <\/li>\n<li>More tightly aligned our Polymer Plus\u2122 product platform to telecommunications, data-communications\/datacenters, and high-speed computing global and regional markets for commercialization. \u00a0These markets continue to grow strongly into multi-billion-dollar opportunities that demand high speed, low power consumption, and miniaturization through photonics integration.\u00a0 <\/li>\n<li>Fortified intellectual property portfolio through receipt of 9 patent grants over the last 24 months, and 15 published patent applications over the same period.\u00a0 This intellectual property is wide-ranging for polymers and protects key recent technology advancements including: <\/li>\n<ul type=\"circle\">\n<li>Technology developed by the Company&#8217;s in-house technical team which allows for the Company&#8217;s modulators to improve performance across the board, enabling higher reliability in the fiber optics communications environment. <\/li>\n<li>A new polymer modulator packaging invention, enabling low-cost and high-volume applications in datacenter and telecommunications markets. <\/li>\n<li>Breakthrough in path towards future Chip-on-Board packaged polymer platform with new technique to prevent atmospheric gasses from penetrating optical polymer materials, expected to significantly improve stability and reliability. <\/li>\n<\/ul>\n<li>Continued to build critical pre-commercial awareness at key virtual investor and technology industry events, including the PHOTONICS+ Virtual Exhibition and Conference, AngelTech Live II Summit, the ECOC Exhibition 2020, the EPIC Online Technology Meeting on Datacenter Interconnects and the 33<sup>rd<\/sup> Annual ROTH Growth Conference. <\/li>\n<li>Common shares were approved for trading on the OTCQX\u00ae Best Market (OTCQX) to help improve liquidity and broaden the Company&#8217;s base of potential investors. <\/li>\n<li>CEO Dr. <span class=\"xn-person\">Michael Lebby<\/span> elected as a Fellow of the National Academy of Inventors (NAI), an organization which supports and recognizes academic innovation for his role as a creative and prolific inventor and industry thought leader. <\/li>\n<\/ul>\n<p>The full text of the Company&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2020<\/span> was filed with the SEC on <span class=\"xn-chron\">March 31, 2021<\/span> and can be found <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3112001-1&amp;h=618642297&amp;u=https%3A%2F%2Fwww.lightwavelogic.com%2Ffinancial-filings%2Fsec-filings%2F&amp;a=here\" rel=\"nofollow noopener noreferrer\">here<\/a><\/u>.<\/p>\n<p>\n        <b>Management Commentary<\/b>\n      <\/p>\n<p>&#8220;Our final quarter of 2020 was marked by our ongoing achievements, both in terms of expanding our already robust IP portfolio as well as in driving forward our proprietary technologies, in particular our Polymer Plus\u2122 product platform, towards commercialization,&#8221; said Dr. <span class=\"xn-person\">Michael Lebby<\/span>, Chief Executive Officer of Lightwave Logic. &#8220;With over 70 domestic and international patents and patent applications, we are in the strongest position in our history to allow Lightwave significant freedom of manufacturing in a competitive field. <\/p>\n<p>&#8220;These patent wins are the direct result of the ongoing research and development of our proprietary electro-optic polymers and devices by our in-house chemistry team, and we announced several exciting breakthroughs in the last several months. The results from our new sealant for a Chip-on-Board packaged polymer platform opens the door for a host of new opportunities and applications. It is a key step in the development towards a polymer modulator without a package, an important enabling technology for the industry. Preliminary results from our electro-optic polymer material, designed based on potential customer input, displays unrivaled light tolerance, also known as photostability, as compared to any organic commercial solution in use today. We plan to further develop the sealant for commercial implementation in future generations of modulators.\u00a0 <\/p>\n<p>&#8220;2020 saw us steadfastly moving toward commercialization of our Polymer Plus\u2122 product platform with potential customers impressed as they evaluate our technology under NDA and recognize the ongoing technological improvements we have been able to achieve. Looking ahead into 2021, we expect to see additional progress as we incorporate feedback from potential partners and customers. We will continue to focus on the advancement of our prototypes, further shortening the path to our end-goal of mass market commercialization,&#8221; concluded Lebby.<\/p>\n<p>\n        <b>About Lightwave Logic, Inc.<\/b>\n      <\/p>\n<p>Lightwave Logic, Inc. (OTCQX: LWLG) is developing a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power. The Company&#8217;s high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the Company&#8217;s website at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3112001-1&amp;h=2891195942&amp;u=https%3A%2F%2Fwww.lightwavelogic.com%2F&amp;a=www.lightwavelogic.com\" rel=\"nofollow noopener noreferrer\">www.lightwavelogic.com<\/a>.<\/p>\n<p>\n        <b>Safe Harbor Statement<\/b>\n      <\/p>\n<p>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 &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;plans,&#8221; &#8220;explores,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;continue,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; 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 &#8220;Risk Factors&#8221; in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company&#8217;s control.<\/p>\n<p>\n        <b>Investor Relations Contact:<\/b>\u00a0 <br \/>Greg Falesnik\u00a0or\u00a0Luke Zimmerman\u00a0<br \/>MZ Group &#8211; MZ North America\u00a0<br \/>949-385-6449\u00a0<br \/><u><a target=\"_blank\" href=\"mailto:LWLG@mzgroup.us\" rel=\"nofollow noopener noreferrer\">LWLG@mzgroup.us<\/a><\/u><br \/><u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3112001-1&amp;h=1826652895&amp;u=https%3A%2F%2Fwww.mzgroup.us%2F&amp;a=www.mzgroup.us\" rel=\"nofollow noopener noreferrer\">www.mzgroup.us<\/a><\/u><b>\u00a0<\/b><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL25071&amp;sd=2021-04-01\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update-301260472.html\">http:\/\/www.prnewswire.com\/news-releases\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update-301260472.html<\/a><\/p>\n<p>SOURCE  Lightwave Logic, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL25071&amp;Transmission_Id=202104010831PR_NEWS_USPR_____CL25071&amp;DateId=20210401\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company Continues Advancement of Prototypes Towards End-Goal of Mass Commercialization PR Newswire ENGLEWOOD, Colo., April 1, 2021 \/PRNewswire\/ &#8212;\u00a0Lightwave Logic, Inc. (OTCQX: LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power,\u00a0today provided a corporate update in conjunction with the filing of its Annual Report on Form 10-K for the quarter and year ended December 31, 2020. Recent Company Highlights:\u00a0 Announced optimization of the Company&#8217;s advanced, photo-stable, ultra-high-speed polymer for high-intensity light applications to be trialed with potential customers under NDA for use in telecommunications and data center end-markets. Further developed pre-commercial interactions and relationships with vendors, foundries, and potential customers that align with technology product roadmaps. In particular, these interactions &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lightwave Logic Provides Fourth Quarter and Fiscal Year 2020 Corporate Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469684","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lightwave Logic Provides Fourth Quarter and Fiscal Year 2020 Corporate Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lightwave Logic Provides Fourth Quarter and Fiscal Year 2020 Corporate Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Company Continues Advancement of Prototypes Towards End-Goal of Mass Commercialization PR Newswire ENGLEWOOD, Colo., April 1, 2021 \/PRNewswire\/ &#8212;\u00a0Lightwave Logic, Inc. (OTCQX: LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power,\u00a0today provided a corporate update in conjunction with the filing of its Annual Report on Form 10-K for the quarter and year ended December 31, 2020. Recent Company Highlights:\u00a0 Announced optimization of the Company&#8217;s advanced, photo-stable, ultra-high-speed polymer for high-intensity light applications to be trialed with potential customers under NDA for use in telecommunications and data center end-markets. Further developed pre-commercial interactions and relationships with vendors, foundries, and potential customers that align with technology product roadmaps. 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(OTCQX: LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power,\u00a0today provided a corporate update in conjunction with the filing of its Annual Report on Form 10-K for the quarter and year ended December 31, 2020. Recent Company Highlights:\u00a0 Announced optimization of the Company&#8217;s advanced, photo-stable, ultra-high-speed polymer for high-intensity light applications to be trialed with potential customers under NDA for use in telecommunications and data center end-markets. Further developed pre-commercial interactions and relationships with vendors, foundries, and potential customers that align with technology product roadmaps. In particular, these interactions &hellip; Continue reading \"Lightwave Logic Provides Fourth Quarter and Fiscal Year 2020 Corporate Update\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T12:34:16+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1311399\/Lightwave_Logic_Inc_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lightwave Logic Provides Fourth Quarter and Fiscal Year 2020 Corporate Update","datePublished":"2021-04-01T12:34:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/"},"wordCount":993,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1311399\/Lightwave_Logic_Inc_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lightwave-logic-provides-fourth-quarter-and-fiscal-year-2020-corporate-update\/","name":"Lightwave Logic Provides Fourth Quarter and Fiscal Year 2020 Corporate Update - 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