Lightwave Logic Acquires Worldwide License Agreement to Corning’s Organic Electro-Optical Materials
LONGMONT, Colo., April 8, 2014 /PRNewswire/ — Lightwave Logic, Inc. (OTCQB: LWLG) has entered into a sole worldwide license agreement with Corning Incorporated (NYSE: GLW) enabling Lightwave to integrate Corning’s organic electro-optical chromophores into Lightwave Logic’s portfolio of electro-optic polymer materials. The agreement allows Lightwave to use the licensed patents within a defined license field that includes communications, computing, power, and power storage applications utilizing the nonlinear optical properties of their materials. Lightwave Logic is a technology company focused on the development of Next Generation Photonic Devices and Non-Linear Optical Polymer Materials Systems for applications in high-speed fiber-optic data communications and optical computing.
Tom Zelibor, chairman and CEO of Lightwave Logic commented, “We are extremely pleased to acquire rights to Corning’s organic electro-optical materials. Together with the recent advancements we have made developing our new multi-chromophore synthesis process, the addition of these materials will significantly expand the number of potential chromophore combinations to drive the continuous improvement of powerful nonlinear organic electro-optical materials. These materials will be used in state of the art photonic devices to fulfill today’s needs and the future demands of data centers and telecommunications networks for many years to come.”
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Lightwave Logic, Inc. is a development stage company that produces prototype electro-optic demonstration devices and is moving toward 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. For more information, about the Company please visit the corporate website at: www.lightwavelogic.com.
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For Further Information Contact: Steven Cordovano Lightwave Logic 203-952-6373 email@example.com
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