ENGLEWOOD, Colo., Aug. 12, 2024 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, today provided its corporate update in conjunction with the filing of its Quarterly Report on Form 10-Q for the second quarter ended June 30, 2024.
Second Quarter 2024 and Subsequent Highlights:
Hosted visits from tier-1 companies exploring potential material license and supply agreements as well as commercial interest in high speed, low power modulators with Perkinamine® materials that Lightwave Logic develops and produces.
Announced a supply chain collaboration with Advanced Micro Foundry's Silicon Photonics platform, part of an ongoing strategic initiative to accelerate development of state-of-the-art silicon photonics modulators.
Selected as finalist for Most Innovative Product Award in Most Innovative Hybrid PIC/Optical Integration Platform; winners to be announced at September 2024 European Conference on Optical Communications (ECOC), where Lightwave Logic will be presenting in a Market Focus session.
Appointed industry veteran Yves LeMaitre to Board of Directors, bringing expertise in optical communications, automotive, aerospace and defense, consumer electronics, life sciences and materials processing.
Authored significant contributions to the "Integrated Photonics System Roadmap - International" (IPSR-I) used to accelerate high-volume commercial manufacturing of high-value integrated photonics.
Secured new patent for diamondoid non-linear optical chromophore used in Lightwave's proprietary polymer materials, applicable to a broad range of market applications that include datacenter and other potential market applications such as space, quantum computing, storage and more.
As of June 30, 2024, the company had cash and cash equivalents of $29.0 million, enabling it to finance operations through October 2025.
The Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 was filed with the SEC on August 9, 2024, and can be found here.