Lightwave Logic Begins Commercialization Of Its Electro-Optic Polymer Materials
Portfolio Pulse from Happy Mohamed
Lightwave Logic (NASDAQ:LWLG) has signed its first commercial material supply license agreement for its Perkinamine® chromophore materials, marking a significant milestone in the company's business plan. The agreement includes supply of electro-optic polymer material, license initiation fee, per unit royalties, minimum royalty levels, and minimum sales volume in units.
May 25, 2023 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Lightwave Logic's first commercial material supply license agreement for Perkinamine® chromophore materials validates its business model and may lead to increased revenues.
The signing of the first commercial material supply license agreement for Lightwave Logic's Perkinamine® chromophore materials is a significant milestone for the company. It validates the first prong of their three-prong revenue model and business strategy, which includes polymer modulator products and technology transfer. This agreement may lead to increased revenues for the company as it demonstrates market acceptance and competitive advantage of their technology.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100