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Technology Stocks : Lightwave Logic, Inc.
LWLG 3.690+4.8%Jul 12 4:00 PM EDT

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From: caly1/29/2021 7:35:44 PM
   of 1807
Lightwave Logic Provides Corporate Update on Strategic Intellectual Property Development EffortsAggressive IP Strategy Designed to Protect All Aspects of the Company's Proprietary Solutions; Continues to Extend Effective Life of Patent Protection on Core & Next-Generation Technologies in Key Global Markets

January 28, 2021

ENGLEWOOD, Colo., Jan. 28, 2021 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQB: LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power, today announced a corporate update on its aggressive intellectual property development efforts, designed to extend the effective life of patent protection on both the Company's core and next-generation technologies in key global markets.

"Our technology platform leverages our proprietary electro-optic polymers, designed to help scale existing internet infrastructure by transmitting data at higher speeds with less power, which is absolutely essential as the demand for data continues its exponential growth trajectory," said Dr. Michael Lebby, Chief Executive Officer of Lightwave Logic. "The need for technology like ours became apparent during the early days of the COVID-19 pandemic, as stay-at-home orders drove immense internet traffic, forcing some companies to throttle speeds and temporarily disable the option for HD video streaming in certain regions. This is the moment when many began to realize the importance of what we are doing at Lightwave Logic.

"Our intellectual property portfolio, designed to strengthen our freedom of manufacturing in the field, now spans over 70 domestic and international patents and patent applications. As we continue to aggressively develop our intellectual property portfolio in advance of future commercial initiatives, we have added and continue to add a number of exciting new patents and patent applications for technologies we developed to address feedback from our ongoing evaluations with potential customers.

"All of these new inventions over the past year all add to our already robust IP portfolio. The breadth and depth of our patent portfolio is impressive, allowing freedom of manufacturing in today's competitive environment. While prior to today the company has noted publicly that it has over 50 issued patents that support our electro-optic polymer platform, if patent applications and international derivatives are included that number increases to over 70 as noted above," continued Lebby.

"Our portfolio of patents is strongest in the materials segment, where we maintain over 35 patents enabling unrivaled performance characteristics. As we have noted for the past year, we have been focusing on building strong and defendable patents in fabrication of chromophores with polymer materials and in this segment, we have achieved over 7 patents to-date. Designing electro-optical materials into high performing chromophores, and then fabricating them into modulator devices has allowed us to patent a number of high performing designs and structures. This has led us to build our device portfolio to over 15 patents. Electro-optic polymer modulator devices need to be packaged for operation, and we have also proudly generated over 15 high-performance package patents so that our modulators can be prototyped in data centric applications. In addition, we currently are processing a number of new inventions in the materials, chemistry, fabrication, devices and packaging spaces that are currently under review at the U.S. Patent office.

"IP efforts such as these serve to further solidify our U.S. and International patent portfolio, protecting our technology platform and strengthening our competitive position in the industry. As we continue to generate strong interest from industry players, our IP portfolio will enable us to consider complementary revenue opportunities as we progress with potential partners in 2021 to address the telecommunications and datacenter segments of the market.

"I can proudly say that the tireless efforts of our engineers and scientists have created a very strong competitive position for the company. I look forward to continued success on this front as we march ever closer to mass commercialization – a key milestone in our efforts to create sustainable, long-term value for our shareholders," concluded Lebby.
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