Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What will LWLG Profitability look like now that LWLG can mass produce its 200Gb modulators on 200mm Wafers at several large Foundries that are currently implementing LWLG's technology in their PDK's?
KCC worked up these estimates based on 150mm Wafer size some time ago, LWLG is currently able to mass produce on LARGE 200mm Wafers which can produce almost 80% more chips than 150mm Wafers!!!
Note: from Bard, a 200mm wafer can hold approximately 77.8% more chips compared to a 150mm wafer, assuming the chip size remains constant.
KCC worked up the following projections here, but note these were using 150mm Wafers which produce FAR LESS chips than 200mm Wafers!!!, here
I’m going to preface this post by saying this is not my opinion on revenue guidance and it is just a demonstration to calculate potential revenue here with certain facts we know. Of course some assumptions are being made, but they are based on real world observations from industry participants and data provided by LWLG and market reports. What prompted this exercise was seeing a report that Intel had shipped over 2 million 100G silicon photonic transceivers in 2021. I asked myself what if LWLG was suppling all the modulators for those transceivers and how many wafers would need to be produced to supply the required number of modulators. Could small or medium sized foundries produce enough wafers to supply enough modulators for 2 million transceivers? (Yes!!) Could I estimate potential revenue with this information? (Yes!!)
What we know:
Modulator systems are designed on individual die/chips which are contained on a wafer.
A 150mm wafer contains 800 individual chips that are 6x3mm long. I’m using 150mm because that is more common, and I want to demonstrate the potential with a model that does not rely on 300mm. NLM Photonics is shown to be using 150mm wafers from VTT (their “first wafer”). If I counted correctly, they had 605 good die out of 800 or 76% yield.
LWLG’s initial products are targeting 800G.
800G can be reached with 8x100G NRZ or 4x200G PAM4.
LWLG’s patents show 4-8 modulators per transceiver (TxRx).
As TxRx speeds increase, the ratio of optics to electronics increases. At 100G, the optics comprise about 20% of the cost of TxRx. Other costs are test/packaging/assembly, R&D and G&A, operational margin.
Market reports and statements by LWLG say at 800G and beyond, the optics could comprise up to 80% of the cost of a TxRx. Lebby stated in the Q&A at the May 2022 meeting that because their modulator provides much of the benefit to the overall optics, they’ll be able to capture that value and it is not just a cost-plus structure.
Per PhotonicsGuy, the modulator portion of the optics should be at least 15%.
Industry goal is $1 per Gbps, however pricing right now shows up to $10 per Gbps for new 800G offerings.
Low quantity MPW runs cost between $20,000 and $100,000 per wafer depending on type and size. Economies of scale will bring the costs down in the future.
As of the end of 2021, there were 728 hyperscale data centers with half operated by Amazon, Google, and Microsoft. At that time, there were over 300 more planned. Each hyperscale DC contains upwards of 100,000 transceivers.
Assumptions:
A 6x3mm die contains a 4-modulator array with the necessary passive waveguides/splitters. Each modulator is .75mm, so size-wise this seems to fit well.
800G will be reached with 4 lanes of 200G PAM4.
Pricing for 800G estimated to be $3.5 per Gbps by 2025, the year of high volume 800G. May or may not be conservative.
Optics account for 65% of the cost of an 800G transceiver. May or may not be conservative.
A cost of $25,000 per wafer. (This is a big unknown, but may be a reasonable assumption and this cost includes design, metals, and other costs on top of a basic wafer.)
LWLG will have 50 employees and a linear growth of burn rate from today equals $3 million monthly burn at mass commercialization. Let’s bump it up to $5 million monthly to account for significant increase in R&D and a buffer.
130,000,000 shares outstanding fully diluted.
Scenario Result:
3,300 wafers are needed to produce enough modulators for two million transceivers. This assumes a 76% good die yield.
Two million 800G transceivers are valued at $5.6 billion. The optics value of those equates to $3.64 billion. The modulator portion equates to $546 million.
It costs LWLG $82,500,000 for the completed wafers. That’s about 85% gross margin (what we expect compared to OLED). We know the actual cost of material is very low and wouldn’t significantly affect COGS.
$462,500,000 in gross profit from selling enough modulators for 2 million transceivers.
$402,000,000 in net earnings from selling enough modulators for 2 million transceivers.
$3 per share in earnings.
This is just one customer and one application.
https://www.reddit.com/r/LWLG/comments/107m7fw/the_potential/
I wonder if we will hear about Lebbys work with smart photonics ??
One question I plan to ask at the ASM is about the first mover advantage vs an exclusive agreement. For example, let’s say Google orders 10 million transceivers to be shipped as soon as available, is that as close to an exclusive agreement as possible?
John, I completely agree. Actually, I read the comments on Mark's post before I shared that link and recognized the names of several people who reacted to his post. I'm not worried about Lightwave.
In Antwerp Last week
question Do the customers request exclusivity?
Answer Yes, exclusivity requests are coming in. We are trying to find a balanced and appropriate commercial approach to deal with that interest. We will not give an outright exclusivity because that runs counter to our goal of ubiquity.
Let's assume that the only hold up here is the signing of the contracts with multiple big players, as Lebby said. How long should this possibly take considering that these cy's want it before any competitor? Are we talking weeks, months or longer?
Think this is a question for @jeunke22 since he has been working decades in that sector as I understood?
Is this even applicable on a pré-revenue stock??
What is this new law going into effect in few days
Dtcc collateral law
Will it effect shorts
Please look into it
Don't understand it.
NLM seems to be in the race on the materials front, but I would be surprised to see EOP material commercialization without them crossing LWLG Intellectual Property somehow along the way. Those battles are not waged until something is commercialized, so I just need to watch it all very closely.
Yes, perhaps he is trying to lead his upcoming talk, but I would not give him the highest grade on how he is going about the execution, and setup for talking points. Is Dr. Lebby on the discussion panel? If not, it is really a poor way to approach it trying to go after someone who is not going to be in the panel discussion to respond in kind. Those types of actions can backfire.
I completely doubt his sincerity that if a Hyperscaler engineer sung the virtues of EO Polymers, and even if we land a commercial deal with a foundry that he will start cheerleading Polymers. He may well have the opportunity soon, so at that time we can see what tune he comes up with, and whether his tune changes. He perhaps set himself up more than he tore Dr. Lebby down.
Thats good to hear. Like who?
Carlin, please note that several others who commented in reply to Mark, that they fill Mark is incorrect and feel that he is not giving LWLG proper recognition. I am glad they are speaking up.
Cliché, but watch and learn!
#scam
Carlin:
Any PR with a big name would immediately cause this stock to rocket big time. Double triple quadruple.
L_R
Again…you have no clue what you’re talking about and not once have you ever said anything that indicates you have a clue.
Mark is a black sheep in the industry who is tolerated because he has a platform. Supposedly his behavior at the OFC executive forum was odd and it’s likely he has some form of autism.
He’s taken a keen interest in TFLN and has said he’ll shout from the rooftops about EOP once he sees that third party validation we all want to see.
My guess as to why he made this post today is it’s a lead-up to Tuesday’s Optica event. When that event was first published, the only speakers were Andy B, Mark L, another guy, and Lewis J from NLM Photonics. Unfortunately the panel list has doubled, but still will be worthwhile to listen to.
Vaporwave has been outmoded. Enjoy the slide into the abyss.
Where was this trading Masters weekend?
#scam
Yes, that linked in post seems to be trying to topple the king of the hill, and in a really nervous sort of way on a Saturday. Seems like LWLG Polymer's are making a pretty big ripple these days. He may get his wish soon enough, but I will take a deal announcement any day over that of the hyperscaler engineer strawman that the guy just stood up.
While I believe this is federal overreach, some states have already done this. For example Washington HB 1450 Bill did it, and unconstitutionally declared it retroactive in 2019/2020 timeframe, and several other states had already done it.
You certainly are entitled to your opinion. But I think the more STEM graduates each year the more beneficial it would be as future economy depend on them, at least that is the way I see.
Among other things both TSMC and Intel found out it costs more to make chips domestically, also difficult to recruit engineers to work for new Fabs.
Why as a taxpayer should I pay for that?
US government should reimburse universities to set up scholarships for high school students who are willing to study hard on STEM fields.
Red, I suppose my point, is that once I see noteworthy revenues on a balance sheet, combined with forward guidance, the identity of customers is less significant to me. That said though, any PR that includes big names would get my undivided attention. 8^)
If the Tier one is not a foundry, I don't think we'll care, who the foundry is.
Soon there be new 12” wafers made from different materials manufactured at less than 50% of current costs. New Fabs are being built to produce said new wafers.
TSMC targeting 12.8Tbps co-packaged silicon photonics in 2026. Nice to see TSMC moving seriously into Silicon Photonics as well.
If it was years ago that would make sense because EOP wasn’t ready then. TFLN wasn’t either though but it’s much more accessible.
I still haven’t seen evidence that Ciena is using TFLN and it doesn’t sound like Mark has seen it first hand either.
I know their latest offering uses InP EAM.
Personally I think windows of opportunities for LWLG has the most 3 years left to get adopted by the industry.
US chips sanctions most likely would not succeed.
Copying my response from Reddit…
Now that’s interesting.
I saw him make very similar comments in a private exchange with a shareholder a couple weeks ago. He basically said that he’ll shout from the rooftops the day he hears a top engineer from a Tier 1 validate LWLG’s technology.
That day is coming and I look forward to hearing Mark’s opinion. Even though he’s generally known as a contrarian journalist. He’s been a vocal opponent of LPO and yet the industry continues to move on in that direction.
At least Mark acknowledges the need for better modulators ie TFLN in his case.
Jimmy’s comment on that LinkedIn post is spot on. Why TFLN when EOP can (and is now confirmed to be) be applied inside a CMOS foundry. That is true scale. LWLG’s modulators are smaller and have lower drive voltage. TFLN either requires a dedicated foundry or complicated etching/bonding/growth processes.
I’ve seen Mark’s comment about Ciena using TFLN before and I’m not sure he’s correct. While I’m not 100% sure which product he’s referring to from Ciena, their latest WaveLogic 6 uses InP EAM as the modulator.
In any case, the market is big enough for all technologies to exist. It’ll take years to see who gobbles the largest market share.
LWLG cannot announce their Tier 1 deal soon enough. We know it’s coming. Just don’t know when.
Red, In my mind, knowing who the customers are might help an analyst dig deeper, but that information isn't critically necessary IMHO, Who customers are generally isn't broken down on corporate 10-Ks and 10-Qs. Cash-in and Cash-out, with forward guidance are the key ingredients in analysis IMO. Lebby has indicated on several occasions that the identities of customers would be disclosed upon "Mutual Agreement", in the form of "Joint PRs." I believe we WILL eventually get a handle on some of the customers. Other customers, maybe not... The NIST Collaboration comes to my mind. There are numerous Defense Contractors involved in that collaboration. National Security might be a foundation for NOT discussing what they are doing or with whom in that instance. Dunno....
It has been 17 months, 10 days since the collaboration announcement. Cricketts....
https://www.nist.gov/news-events/news/2022/11/nists-chip-calibration-methods-advance-semiconductor-research
Years ago I contacted Ciena regarding LWLG polymer, but for whatever reason they went a different direction with Thin Film Lithium Niobate. They bet on the wrong horse.
It sounds to me like Mark, Andy, and Ciena are getting a little nervous about LWLG. However, LWLG does need that clear independent verification from a foundry engineer.
Comments by Mark Lutkowitz regarding Lightwave Logic. This was posted on LinkedIn a few hours ago. While Mark is taking notice of Lightwave, it seems he's still skeptical.
https://www.linkedin.com/feed/update/urn:li:activity:7189988277653843969/
Mr Repeat working on a saturday ?
Not more inspiration then repeating your ‘ untrue ‘ statements ?
How can respected security analyst(s) create research on a company, if they are not allowed to know who the company's customers are?
We can all see the big picture Ted... something that you appear to have a hard time doing.This doesn't excuse poor communication from Lebby at times. But the big picture remains intact and with every communication of real technology news advancement the big picture becomes more clear.
Spekkie said, When I asked whether the products were ready and if any issues were outstanding, he clearly said that everything was ready (stability, scaling etc) and the time line was fully intact and there were no changes to that. Tier 1’s are very interested and the number of them significantly increased after OFC demo’s.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174302051
Exactly!! meanwhile Longs are being throttled here, I can't post much while Shorts and FAKE Longs mudsling at me and other Longs here NONSTOP!!!
Fact is LWLG has multiple products already, they have multiple versions of it's Perk Polymer, the latest being Perk 6, now available for Licensing, in addition they have a 200Gb modulator that is now capable of being produced at several large Foundries on 200mm Wafers including the Poling being performed at Wafer scale something Shorts said was impossible, Lebby has told investors that Customers could use these modulators in quantities of 4 per Transceiver device to produce an 800Gbs Transceiver currently, but the preference of the large Transceiver companies (Cisco etc) would be to use the single chip modulator array (4x200) which is still under construction but Lebby announced publicly at PECC that it would be ready sometime in 2024, but the individual modulators would be used in Sampling now while the single chip modulator array (4x200) would be used in mass commercialization, Lebby is still on track with his Timeline of Customer Acceptance and Ramp in 2024 and has not backed down on his SAM/SOM guidance, Shorts are the LYING SCAMMERS period!!
Remember that it is because of the following two main reasons that Tier 1 interest has skyrocketed in recent months
1) the early 2024 "Big Milestone" achieved of success in Mass Production of LWLG modulators on large Foundries 200mm Wafers
2) the INCREDIBLE reliability/stability data collected/presented at ECOC 2023 and then even more so at OFC in March 2024
Investors have learned INCREDIBLE Developments in 2024 so far!!! here is a summary of things investors have learned form OFC in March 2024, and Lebby's LD Micro Interview in April, as well as Lebby's Belgium visit/presentations in April
1) Lebby has LWLG modulators being implemented at SEVERAL large Foundries on 200mm Wafers now beginning in early 2024!! Lebby declared it a "BIG MILESTONE"!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174278606
2) Lebby has achieved Volume Scale Poling on 200mm Wafers!!! (successfully able to Pole Thousands of Devices at a time!!)
3) Lebby's LWLG team of seven completed demonstrations at OFC to over 20 potential Customers!! NDA's now estimated at 40 companies
4) the response to the OFC demos has been so overwhelming that Lebby claims the Tier 1's "being PULLED along" has become more like "being dragged along" (a good problem to have!!!)
Spekkie posted this
, Important take away we are working with multiple tier ones, tripled since a few weeks after OFC , wow we are golden
5) The Customer Funnel slide is updated and now showing greater than 20 Prospects and greater than 10 Leads, where in the ASM presentation it was only greater than 12 Prospects and 5 Leads, so about DOUBLED since the ASM!!!!
6) at OFC Google had a shout out to (LWLG) EOP on their slide for hetero integration.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174276893
7) KCC reported "the transceiver partner is a giant company that is dedicating a lot of their own resources to LWLG’s development."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174279401
8) Lebby also showcased that LWLG's Perk 6 is NOW ready and available for Licensing !!!
9) Lebby reported that 3rd party ETH Zurich set world record performance with LWLG Polymers running at 400Gbs per lane enabling 4 lane 1600gbs!!! This ensures LWLG ALREADY capable to meet the future Roadmap
10) The response from the Tier 1's is so overwhelming such that Lebby is 100% focused on SEVERAL Tier 1's who are battling it out for Lebby/LWLG's time and attention to bring 4x200 powered Transceivers to market ASAP!!
Folks this is a Cinderella story 40 years in the making!!!
For OVER 40 YEARS the Industry has tried UNSUCCESSFULLY!!
IBM, Intel, Boeing, Lockheed Martin, DuPont, AT&T Bell Labs, Honeywell, Motorola, GE, HP, 3M, and others in addition to numerous Universities and U.S. Government Agencies, DARPA, DOD, etc have all attempted to produce high-performance, high-stability electro-optic polymers
The Industry combined has spent literally in the Billions R&D $$ UNSUCCESSFULLY trying to do what LWLG has done!
LWLG's technology has been successfully developed in much less time than what the Industry spent, and at a cost less than 5% of what the Industry spent screwing around with unstable fragile molecules for 40 years!
RIDDLE ME THIS >> WHY WOULD THE INDUSTRY SPEND BILLIONS AND BILLIONS OF $$ ON SOMETHING THEY DIDN'T DESPERATELY WANT???????
LD MICRO REPLAY NOW AVAILABLE!!!!
https://ldinv14.sequireevents.com/recording?session_id=7c04c9bb-df53-4ece-9dce-3d27956fe60e
In short: reliability testing is no more a concern for the tier 1´s
https://stocktwits.com/JoeriGoethuys/message/570255316
Spekkie said, When I asked whether the products were ready and if any issues were outstanding, he (Lebby) clearly said that everything was ready (stability, scaling etc) and the time line was fully intact and there were no changes to that. Tier 1’s are very interested and the number of them significantly increased after OFC demo’s.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174302051
The fact that the reliability testing is no longer a concern for the Tier 1's to do business with LWLG is HUGE HUGE HUGE, this has been the #1 issue that has plagued Polymer commercialization for its 40 year history!! And yes I have confirmation from multiple sources that this is truly the case now!! Investors already had known how ironclad the data had become from the recent presentations slides presented at ECOC in late 2023 and then again even more so at the OFC in March 2024!!!
Lebby LD Micro was an incredible presentation using these Slides, here were my takeaways, the replay should be available soon
1) ETH Zurich has set independent 3rd party world record performance with LWLG Polymers running at 400Gbs per lane enabling 4 lane 1600gbs!!!
2) The Customer Funnel slide is updated and now showing greater than 20 Prospects and greater than 10 Leads, where in the ASM presentation it was only greater than 12 Prospects and 5 Leads, so about DOUBLED since the ASM!!!!
3) Lebby showed the 200mm wafers and talked again how LWLG is commercial ready for mass commercialization of 800gbs, remember Lebby has LWLG implementing at SEVERAL large Foundries!!
4) Lebby showed that Perk 6 is NOW ready for Licensing !!!
5) Lebby expects much more Licensing activity in 2024 forward
6) Lebby again pounded the table on the "ease of Integration" and how you simply drop the LWLG technology into those little pluggable boxes!!
7) Lebby also said that the PULL has become so great at this point instead of being "pulled along" it feels more like we are being "dragged along"!!
The April 2024 Investor Slides are up on the LWLG website, here
https://api.mziq.com/mzfilemanager/v2/d/307dbc8b-e212-48ba-9968-8cef3f6b5188/683426d1-5a08-bc3a-6df3-ce127bd5ef17?origin=2
Replays become available around a week after the event as the videos require editing in some cases and also the uploading process takes some time.
Once available, you will see the "replay" button next to the company name in the agenda at https://ldinv14.sequireevents.com/.
Thanks,
Sequire Team
Lewrock and Jeunke, most people will be very cautious in the future if they feel they have been misled by someone in the past. I find it hard to understand how Jeunkie gets excited about a gleam in Dr Lebby's eye, or Lewrock takes the "working with" Tier1s as anything other than as an exaggeration on par with prior exaggerations about potential relationships. How can you guys be excited after being so badly misled for 3 years in a row?
"Oh, yes there have been some delays, but I still BELIEVE." Is THAT your position? Of is it "this time it will be different?". Have you guys really looked at the FACTS? I ask because they really are DEVASTATING. And incredibly insulting to the shareholders.
But you both just seem to be able to look past it. Are you being honest with yourselves?
Lewrock and Jeunke: Can either of you really come up with good answers to the following?
1. ASM 2021: How can you have faith in a man who knowingly led everyone to expect commercialization that year, and a large announcement that year, only to instead take a huge bonus while the price was cut in half when directors sold their options for millions, and shareholders were wondering where the big deal was? Proof? Major price fall at end 2021 when directors sold, early 2022.
2. ASM 2022: How can you have faith in a man who knowingly led everyone to expect final PDK 'results' at year end, only to end up revealing - at year end - that there are 2 parts - a front and a back end - and that they had a hell of a lot of work left to do on the back end? Proof? Dramatic fall after Dec 19 shareholder letter.
3. ASM 2023: How can you have faith in a man who knowingly led everyone to expect a foundry deal any day since they had "commercial acceptance", while hiding the fact that it was a deal that had nothing to do with their foundry work, and that they hadn't even gotten a single 200mm wafer back? Lewrock, this should ESPECIALLY get in your craw since you said Dr Lebby told you ALL of the foundries they were working with used 200mm, and yet not a single wafer until 6 months or more after the ASM. Proof? After initial rise the price and stock strength has been horrible ever since.
How do you answer these very basic observations which serve to undermine the credibility of the messaging by the man in charge?
For newcomers, I've recently posted 50 reasons the stock is low, and 33 questions longs just can't answer, but these 3 are all anyone needs to know. There is intentional obfuscation going on - dangling the carrot - so LPC can continue to fund their operations by making money off of shareholders.
Some shareholders don't understand that this company would have had to rely on toxic convertible financing and would be trading at sub penny level on the pink sheets with billions of shares and multiple reverse splits over the last 15 years if they weren't able to keep the investor base chasing one carrot after another - making them willing to buy up LPCs shares as soon as LPC could get rid of them. They only could do that because the technology was over everyone's heads. .
The stock traded at around $1 a share prior to the gigantic CARROT of 2021. The average market cap had been around $54 million (which was pretty outrageously high imo).
And now we've had 3 years of massive CARROTS with almost no further knowledge of progress because of their obfuscation (ie nobody really knows the status re reliability, scalability, reproducability), but the market cap is STILL about 9 times that average level prior to the farce of 2021! The price today is 9x higher than it should be ONLY because of shareholders like Lewrock and Jeunke who continue to get excited despite the obvious signs of deception by management.
The stock is incredibly over-priced given the lack of transparency about where things stand.
Again, I ask both of you Lewrock and Jeunke - how in the world do you rationalize the obvious away?
On basic thing is life is "do not assume anything and make the effort to find out what is true and what is not" .
Then again, few of us ever do that.
As I have stated before, you are entitled to your opinion, no matter what the benefits or consequences of that may be.
Redspine, I would not call that a danger, I would call that a very welcome surprise announcement. Exactly the kind of surprise I am hoping we will get rather sooner than later if it were up to me! In fact if I was that big multinational company I wanted a first mover preferential treatment.
I sent you a pm.
Is there any danger we'll land somebody HUGE, and not be told who it is, because of a non disclosure agreement?
Interesting. Eliminating non-compete agreements could make NDAs even more important, but.... How would NDAs be policed and enforced when a employee takes knowledge with them and joins another company?
"The end of non-compete agreements is a tech job earthquake – Computerworld"
https://www.computerworld.com/article/2095092/the-end-of-non-compete-agreements-is-a-tech-job-earthquake.html
Mdk and Jeunke, yes the Shorts keep digging and digging and have provided Longs better and better buying opportunities, I have been adding as well at these absurdly low levels, this is the longest bull flag I have ever witnessed in my lifetime, this small fracture on the daily is meaningless, the weekly close is above the LT support and this week we will fill out the monthly close, from the Belgium meeting we learned how incredible OFC turned out for Lebby and LWLG, having our team plugged in now with several of the absolute pinnacle of companies on God's green earth is simply AMAZING!!! Lebby is right ON-TRACK with his Timeline to Customer Acceptance and Ramp in 2024 that he has shown in presentations for several years now, and Lebby has already told investors who these Customers are that he is working with, Google, Cisco, Ciena etc!!
I am the only one who WARNED at the top of 20 EXACTLY right!! and again I WARNED at the bottoms of 4 EXACTLY right!!!
Shorts can keep using the low volume high frequency manipulation game along with their Shorting to affect the PPS, but they will NEVER get a volume capitulation from Longs!!!! Longs are not leaving because they KNOW Lebby is about to ink the BIGGEST deals one could ever imagine with the BIGGEST companies in the world!!!
I've perfectly called the fair value ranges as well, from the 5-10 range I set out a handful of years ago to my today's updated range of 8 to 17 equivalent of 1 to 2 billion market cap, but once the deals begin to pile up watch for my updated increased fair value range!!
Here's the FACTS on LWLG trading, the VWAPS don't lie like the Shorts
Historical LWLG Price Data
______Period Open High Low VWAP Avg. Daily Vol Change %
1 Week__ 4.12 4.28 3.87 4.05 655,818 -0.02 -0.49%
1 Month 4.28 4.82 3.87 4.29 633,551 -0.18 -4.21%
3 Months 4.44 5.295 3.87 4.35 588,605 -0.34 -7.66%
6 Months 4.79 5.69 3.79 4.52 638,262 -0.69 -14.41%
1 Year__ 4.79 9.18 3.79 5.49 686,220 -0.69 -14.41%
3 Years 11.88 20.30 3.79 8.02 835,056 -7.78 -65.49%
5 Years 11.88 20.30 3.79 8.02 835,056 -7.78 -65.49%
Yes Lewrock that’s the first law of holes: "if you find yourself in a hole, stop digging".
The second law of holes is commonly known as: "when you stop digging, you are still in a hole."
Mind you these guys keep on digging until they get to the other side of the globe, if they don’t perish in the process.
Fully agree. Should this prove to be a false downside breakout your timing would indeed be perfect jeunke !
Moreover, a false breakout to the downside followed by a move back into the pattern often signals a potential shift in momentum. Think about it, ASM in a couple of weeks … This event and its prelude could easily trigger ‘some’ buying enthusiasm … Technical analysis and Fundamental analysis aligning and … BOOM
Time will tell
Why don't you just block her then? Easy no??
Great, on Monday you can buy even more shares of a future top company.
Please don't forget this because you are running out of time!
Followers
|
665
|
Posters
|
|
Posts (Today)
|
56
|
Posts (Total)
|
194211
|
Created
|
01/06/07
|
Type
|
Free
|
Moderators pochemunyet prototype_101 Pro_v12001 LOVELWLG JLPTNG Lightning_Rod |
The need for Lightwave Logic’s proprietary electro-optic polymers is more evident than at any prior point in history, with internet infrastructure coming under increasing strain due to increased online activity. For example, during the recent COVID-19 pandemic, leading platforms such as YouTube prevented high-definition (HD) streaming in Europe due to data throughput issues in existing internet infrastructure.
The Company’s current focus is on the datacom and telecommunications hardware supply chain for the 100 Gbps and 400 Gbps fiber optics communications market, seeking to integrate its proprietary materials into the devices that comprise key components in today’s internet infrastructure. Lightwave Logic’s unique value proposition, including ease of manufacture relative to traditional solutions, has driven several tier-1 and tier-2 potential strategic partners in the data and telecommunications markets to enter into non-disclosure agreements (NDAs) with Lightwave Logic to evaluate its technology for use in their devices, validating the demand for the Company’s solution in the marketplace. The Company expects to introduce its technology into the commercial marketplace in the near future.
Lightwave Logic is a wholly U.S.-based company with in-house materials synthesis, device/package design, wafer fabrication and testing capabilities at its Englewood, Colorado headquarters.
Having the modulator and integrated circuit development in-house has informed the materials development direction and vice versa. This vertically integrated business model enables a superior platform by aligning the design for manufacturability from materials to complex circuits with the following benefits:
Materials are called electro-optic when they enable interactions between applied electric fields and light passing through them. Notably, they change the refractive index seen by the light with minimum loss. The result is an instantaneous and accurate conversion of an electrical signal to an optical signal. Optical signals are better for transmission over distance: an increasingly useful feature as digital signal speeds are now reaching the GHz and THz ranges and the corresponding electrical transmission distances are shrinking to meters and centimeters.
EO polymers are intrinsically superior in speed and sensitivity to electric field to traditional electro-optic materials such as Lithium Niobate, Indium Phosphide and Silicon. They are engineered materials, made by embedding a variety of specially designed electro-optic chromophore molecules into a wide range of standard host polymers.
Chromophores are complex, large molecules, on a scale akin to drug molecules. They are hyperpolarizable, meaning their electron clouds are easily pulled into a different shape by the applied electric field, changing their optical properties such as index of refraction.
The material is poled to become electro-optic by applying a strong electric field along with heat. The hot material is relatively soft, allowing the chromophore molecules suspended in the host polymer to align in the same direction (poling). Cooling the poled material after the molecules are in place traps them in their active state even after the poling field is removed.
Although the electrons in the material respond to any applied electric field, they remain tightly bound to the molecule. The response to an applied signal is almost instantaneous response and recovery– like that of a tight spring– unlike materials that involve much slower macroscopic movement of free electrons.
Another key difference from traditional crystalline materials is the performance of EO polymers continues to improve as chemists explore the almost unlimited design space. Combinations of chromophores and host polymers can be tailored for specific applications.
In addition to innovating the EO polymer materials, Lightwave Logic takes its technology platform to the next level by developing ancillary materials and processes. These elements are brought together and demonstrated in advanced high-speed optical modulators.
The polymer is spun onto silicon wafers and standard microfabrication techniques are used to deposit and pattern metal electrodes and optical waveguides.
One well-known optical modulator device is the Mach-Zehnder interferometer. The light output is changed by changing the relative phase between the two arms. One common trick to double the effect for the same available drive voltage is to drive the two arms in opposite directions (push-pull mode). Polymers have an interesting advantage over most other electro-optic materials which are crystalline. The direction of polymer’s electro-optic activity is entirely determined by the direction of the applied poling field. By poling the two arms of the Mach-Zehnder in opposite directions, the resulting device automatically has push-pull operation with a single applied signal.
Once the modulator chip is made, it is packaged for mechanical protection and also to ensure signal quality for electrical and optical connections.
Below is a polymer optical modulator with >60 GHz bandwidth packaged with high-speed electrical connectors and optical pigtails.
Inspired by the remarkable record of integrated microelectronics, the opto-electronics industry has great interest in developing photonic integrated circuits (PICS). Photonics refers to devices that manipulate photons—that is, light—rather than electrons.
Even the best individual devices can be made more functional by integrating many together. Integration has many benefits, the most notable being dramatic improvements in size and cost. Yet, photonic integration has only recently come into the spotlight. The primary applications for photonics used to require stand-alone, high performance components such as used for long-haul telecom.
Now, photonic integration has suddenly come into the spotlight as electronic interconnects struggle to keep up with speed increases of electronic chips. Photonics is being looked at to replace electronics in already highly integrated applications such as chip interconnect. Co-packaging of electronics integrated circuits (ICs) with photonic interconnect, considered unlikely a few years ago, is now viewed by many as inevitable. However, this requirement poses new challenges that are acknowledged as difficult and that new technologies will be required to meet them.
P2IC™ (Polymer Photonic Integrated Circuits) are ideally positioned to be one of these new technologies. Lightwave Logic’s devices are made using conventional wafer-scale processing such as used for microelectronics and therefore similarly capable of being integrated. In addition, the polymer microfabrication processes are compatible with other materials platforms such as Silicon Photonics and Indium Phosphide which are now starting to become more integrated. In particular, the Silicon Photonics ecosystem has recently accepted that its roadmap will include adding more and more materials, each for their specific benefits. EO polymers’ speed and voltage advantages are attractive additions to this ecosystem.
A fiber link sends data from a transmitter to a receiver through an optical fiber cable. Lightwave Logic’s technology can be used to make a data modulator, a central function of the transmitter.
Datacenters and high-performance computing (HPC) are two market segments that demand the very highest speed optical fiber communications. The datacenter fiber communications segment includes applications ranging from connections inside hyperscale datacenters to fiber links between datacenter campuses.
Optical fiber communication is the infrastructure that supports internet content through its entire lifecycle, between businesses, consumers and datacenters. Behind the scenes, massive amounts of data move between computer processors inside datacenters (or inside supercomputers) as content is generated. In addition to these intra-datacenter links, there are also significant datacenter interconnection links between big datacenters to provide flexible capacity and resilience – all of these represent significant addressable market segments for Lightwave Logic’s technology.
Modulator performance limits the speed of the transmitter, which in turn limits the data-carrying capacity of the entire fiber link. EO polymers have superior speed and sharply reduce the electrical power needed to operate the modulators.
Lightwave Logic estimates that in 2019, the total market for opto-electronic components used in the fiber optics market reached a value of ~$26 billion and is forecasted to grow to approximately $80 billion by 2030.
Above: Market forecasts for photonic (electro-optic) components and transceivers used in optical fiber communications. (Source: Oculi LLC)
The growth in the optical fiber communications market is driven by many factors, primarily:
The historic trend has been a migration from text to graphics, followed by still graphics to increasingly high-definition video. On the accessibility front, the introduction of 5G will enable low-cost mobile internet connections at the same, or higher speeds, as today’s home broadband. This trend continues today as users demand more data at all times.
Recently, particularly since the onset of the COVID-19 pandemic, there has been a sharp increase in reliance on video-conferencing services, often replacing in-person meetings. As video conferencing becomes more commonly used, users will continue to demand faster response times to enable no-lag, real-time communications in full HD.
The benefits of EO polymers, such as low power usage, high speed, increased throughput and lower cost make them ideally suited for markets outside of communications as well, including in consumer, media, augmented reality/virtual reality, medical and industrial applications.
Developing, protecting and commercializing intellectual property is central to Lightwave Logic’s identity as a technology company. Lightwave Logic has over 50 U.S. and international patents and applications that are issued or pending.
These patents provide freedom of manufacture for the company’s electro-optic (EO) polymer materials systems and its optical device technology.
Lightwave Logic’s patent portfolio covers the following areas:
The company continuously seeks to innovate new electro-optic chromophores, designing molecular architectures to meet application needs such as high electro-optic activity and stability. We also design ancillary materials that are useful in conjunction with the EO polymers themselves. Example patents within the materials category include:
Publication Number | Title |
---|---|
US Patent 7,902,322 | Nonlinear optical chromophores with stabilizing substituent and electro-optic devices |
US Patent 9,535,215 | Fluorinated Sol-Gel Low Refractive Index Hybrid Optical Cladding and Electro-Optic Devices Made Therefrom |
As the company demonstrates its materials in devices, such as modulators, it has engineered ways to enhance device performance by means of device design and optimized control. Example patents within the optical device category include:
Publication Number | Title |
---|---|
US Patent 10,520,673 | Protection layers for polymer modulators/waveguides |
US Patent 7,738,745 | Method of Biasing and Operating Electr-Optic Polymer Optical Modulators |
Materials innovations are followed by methods in which the Company or its partners can best work with the materials in the fabrication process. Example patents within the fabrication category include:
Publication Number | Title |
---|---|
US Patent Application 20190353843 | Fabrication process of polymer based photonic apparatus and the apparatus |
US Patent 10,591,755 | Direct-drive polymer modulator methods of fabricating and materials therefor |
Polymers can be used to add functionality to existing semiconductor devices, inclusive of making photonic integrated circuits (ICs). Areas of active innovation include how to get light from one material system into another with minimal losses. Example patents within the semiconductor integration category include:
Publication Number | Title |
---|---|
US Patent 10,527,786 | Polymer modulator and laser integrated on a common platform and method |
US Patent 10,511,146 | Guide transition device with digital grating deflectors and method |
Challenges for high-speed optical packaging includes maintaining the quality of radio-frequency electrical signals and hermetic/environmental sealing of devices for durability (while still allowing light to go through). Example patents within the packaging category include:
Publication Number | Title |
---|---|
US Patent 10,574,025 | Hermetic capsule and method for a monolithic photonic integrated circuit |
US Patent 10,162,111 | Multi-fiber/port hermetic capsule sealed by metallization and method |
We cannot assure you that we will meet the conditions of the 2023 Purchase Agreement with Lincoln Park in order to obligate Lincoln Park to purchase our shares of common stock, and we cannot assure you that we will be able to sell any shares under or fully utilize the Roth Sales Agreement. In the event we fail to do so, and other adequate funds are not available to satisfy long-term capital requirements, or if planned revenues are not generated, we may be required to substantially limit our operations. This limitation of operations may include reductions in capital expenditures and reductions in staff and discretionary costs.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |