Lightwave Logic Issues Shareholder Letter And Provides Corporate Update
Portfolio Pulse from Benzinga Newsdesk
Lightwave Logic, Inc. (NASDAQ:LWLG) issued a shareholder letter providing a corporate update for 2023. The company, which specializes in electro-optic polymers for data transmission, highlighted a transformational year with its first commercial material supply and license agreement for Perkinamine®. Lightwave Logic expanded its laboratory production facilities, added key team members, and fortified its intellectual property with new patents. The company is engaging with tier-1 corporations and has received interest in its polymer modulators for 800G transceiver programs. Lightwave Logic's technology has shown potential in AI markets and datacenter applications. CEO Dr. Michael Lebby will discuss these updates in a fireside chat with Benzinga All-Access hosts.
December 04, 2023 | 1:45 pm
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Lightwave Logic, Inc. announced significant progress in 2023, including a material supply and license agreement, facility expansion, and new patents. The company is actively engaging with potential customers and is positioned for growth in AI and datacenter markets.
The positive corporate update, detailing the first commercial material supply and license agreement, expansion of facilities, and strengthening of the IP portfolio, suggests a strong potential for growth. The company's engagement with tier-1 corporations and positioning in the AI market are likely to be viewed positively by investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100