|Chairman of the Board and Co-Founder of TASER International, Inc. Joins Lightwave Logic Board|
WILMINGTON, Del., Nov 10, 2008 /PRNewswire-FirstCall via COMTEX/ -- Lightwave Logic, Inc. (OTC Bulletin Board: LWLG) ( 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 the addition of Thomas P. Smith to its Board of Directors. Mr. Smith, a co-founder of TASER International, Inc., (Nasdaq: TASR), is currently the Chairman of the Board of TASER International and has been a member of its Board of Directors since 1993.
Mr. Smith served as TASER International's President for 12 years, where he established TASER International's initial logistical plans, was responsible for its accounting, finance, manufacturing and operations, and was fully involved with TASER International's international sales activities. Presently, Mr. Smith's primary responsibilities with TASER International are sales and public affairs, as well as working with investor relations. Mr. Smith also oversees the highly sensitive area of aircraft security and he has spent several years assisting with lobbying efforts in Washington, DC and multiple states.
"It is a rare opportunity to find a company such as Lightwave Logic that has an incredible market opportunity by developing revolutionary new electro- optic polymer materials," commented Thomas P. Smith. "I have been fortunate in helping to start, build and grow a revolutionary technology with TASER International, Inc. and I hope to lend that experience wherever it is useful to Jim Marcelli and the team at Lightwave Logic Inc."
Jim Marcelli, CEO of Lightwave stated, "I'm very excited to have an experienced executive like Tom join our board, and our Company will surely benefit from his ability to build start-up companies into successful companies. Also, we expect Tom's global marketing expertise will assist Lightwave with its commercialization and product application objectives."
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). 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.
SOURCE Lightwave Logic, Inc.
Copyright (C) 2008 PR Newswire. All rights reserved