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All,
Thanks for the updates so far, much appreciated.
F2,
From you previous post: "Tom told us plainly, they will focus on IR when they have first devices in hand. Soon, maybe as early as a month from now ."
Are you saying that Tom said there may be working devices a month from now???
TIA
Was there any discussion of the Telecom modulator with EM Photonics? Or the SLM, Celestech, etc?
Anyone have a link to the CC replay???
Don't see one on the website yet...
Any info on the Telecom/SLM development???? Don't see any comments related to this yet...
Also, if Phil Smith was unexpected on the call he's trying to jack the price up so he can sell whatever holdings he has IMO. Sure he is a likeable and lively guy and a great presenter but he's also no stranger to the fine art of bullshitting shareholders from what I recall of his days with us.
I'm cautiously optimistic but wouldn't be surprised if the good news (and reason for the CC delay) was already delivered on 4/2. Won't be able to watch the CC on time due to work schedule so good luck to all shareholders today. Will be watching the message board closely around 4pm for updates until I can watch the whole thing later tonight.
Anyone want to start a list of questions for the CC?
Off the top of my head:
When and where do you expect your first revenues to come from?
Can you be more specific as to when we should expect the bench-top Telecom modulator prototype?
Do you expect to be making fully packaged Telecom modulators for commercial marketing in 2013?
Is a working SLM also expected in 2013?
When will the potential Microelectronics customer test Indigo with their proprietary host polymer (as per the PR on 4/2)? Does lightwave have/need access to that proprietary host polymer for their own internally developed products? Will this host polymer help Indigo meet the rest of the key requirements for the potential customer?
What is Lightwave doing to address the requirements that Indigo did not meet for the Microelectronics customer?
In the PR on 4/2 can you be more specific when you say "The task at hand for us is to optimize certain engineering aspects by realigning our internal research to work more closely with our potential customer to address this exciting opportunity."
"The task at hand for us is to optimize certain engineering aspects by realigning our internal research to work more closely with our potential customer to address this exciting opportunity."
My guess is that this is one of the major reasons that Lou Bintz was hired.
Smars, you thinking the CC will be pushed back to give us time to digest the upcoming 10-Q?
;)
From the 10-K it sounds like he might still be right given the timeframes (or lack thereof) for the first prototypes.
One positive is that upon first review there didn't appear to be anything bad in the 10-K other than vague (or non-existent) timeframes for the prototypes.
This was new as well:
" We are in early development of an all-optical switch in collaboration with the University of Colorado, Boulder and a potential customer. "
"sometime during 2013 " WTF
Hadn't notice that either Buz. The timing makes it a very curious addition. I'm glad to see them holding eachother accountable for insider leaks/trading etc.
There's quite a few mentions of scenarios involving customers, suppliers, partners, service providers, competitors etc which seems like a positive indication of things to come.
How do you get on the mailing list? TIA!
Interesting Gary, never considered that. Wouldn't that be something...
No worries inversor, if anyone is a debbie downer here it's me. I don't believe the LSS plans to commit to our material based on the language in the last PR unless it was just a ruse intended to buy them more time to announce something significant.
Based on the conference call speaker line up (inclusion of Bintz, Leonberger) and Lightwave wanting the call to be "as productive as possible" after digestion of the 10-K (which IMO means they want to mitigate angry bitching and moaning by shareholders after digestion of the 10-K) I think the conference call will focus on Lightwave's product development plans for the SLM and the Telecom modulator and the potential for an expanded product development relationship with EM Photonics. I hope I'm wrong on the LSS but even without a contract on the way I still think there is a lot of promise in the devices Lightwave is developing which is why I'm still here and want to see a working device so badly. We are long overdue for definitive validation of the technology and I'm guessing we'll hear that we are still another 3-6 months away.
Hillsboro and Lou Bintz - Not to rain on anyone's parade but I think you guys are forgetting that Bintz worked at nLight before Lightwave and nLight has offices in Hillsboro so to link his location to Intel may be premature.
Have to think it will be Monday or Tuesday to give us sufficient time to digest it. Can't imagine it would be released tomorrow unless there is bad news.
"I am optimistic but I am prepared for indigestion. "
100% agreed, right there with you on this one.
Haha sure and just to sweeten the deal a little I'll take on the board meeting minutes as well for no additional cost ;)
I hope so and would love to be way off on this one. Just seems like an odd choice of words to me considering the general negative context behind most sayings involving digestion.
Maybe I'm being a bit pessimistic but I'm a little concerned about having to "digest" something prior to the conference call. Usually when you have to "digest" something it is not a good thing...Hope that's not the case this time.
Whether things with the LSS went well or not, it sounds like our internal product development is back on track and we should hear more about it next week. I REALLY want to see a working device in the near term.
Thinking about what would be in the 10-K, I wonder if maybe they've recently made some sales of Perkinamine materials which we would see. The 10-Q/10-K is also typically where they describe the time frames and other small details of the projects that they are working on so we may see that as well.
The one thing about the PR that caught my attention was that Jim would be on the call. Have to wonder if they are including him because his work with the LSS finally paid off and he is included so he can get some public credit/praise after getting so much flack from investors over these past couple years...Otherwise I'm not sure why he would be included since we all know his presentation skills weren't the sharpest...Just a thought.
More interesting and suspect info on Cisco nLight Technology
http://www.cisco.com/en/US/prod/collateral/routers/ps5763/whitepaper_c11-718853.pdf
Slide 3
"Operational benefits of the Cisco nLight Control Plane Protocol also stem from greater flexibility in handling dynamic cloud traffic such as demand uncertainty or variations over time, or optimization based on cost or latency, or improved handling of catastrophic failures. "
From the LWLG website:
" Lou is thrilled to be joining the Lightwave Logic team and is excited to help their disruptive technology move from world class research to disruptive and enabling technology for cloud computing centers and other leading-edge photonic applications.
"Tom will probably have 8 emails about it tomorrow."
Haha true and yes I can confirm that you aren't crazy... unless I am too which is entirely possible after being invested here for so long. It certainly does seem suspect...
Very interesting inversor, definitely something to think about. Anyone want to volunteer to ask about this during the CC? ;)
Just curious, are you K.wordsmith from the yahoo board?
I think whatever you are looking at is outdated at this point. We should be getting a new 10-K sometime within the next few weeks which may or may not contain new time frames for the telecom modulator.
"I give Prather some slack, I give Zelibor more slack for not diluting the hell out of LWLG. "
Agreed Steve. Thanks for sharing Tom's reply to your email.
"Now that the properties of Perkinamine Indigo™ are better understood, it will be central to the designs we have contemplated."
Sounds like the designs for the modulator have already been established. Hope it's just down to building it efficiently six sigma style and won't take long to see initial results... Even though I'm sure it would fluctuate, it would be great if they could give us a product pipeline and the estimated timelines to completion.
F2, good point!
I'll be assuming that the results of the LSS device testing can be used as an indicator of how well we should expect Indigo to perform in the advanced modulators being developed...and as a result how much of the pie we could be looking at.
Great question Buz, hadn't thought of that. Will be a good question for the CC. I hope we are farther along with the modulator development than they let on. Like you said, we've been waiting for the completion of that prototype since 2008 and it's completion was always pushed out another quarter.
IMO it was a smart move for EM Photonics to play it this way. If our material doesn't perform in a device the way we all hope then EM Photonics still gets paid for the work they did and doesn't have any direct exposure to that risk.
Hopefully Lightwave has been tapping LPC for money because we may need it if things don't pan out with the LSS.
Looks like that may have been some of the reason for the recent run-up and was already priced in. IMO seems like Fred is more certain than Tom about the modulator prospects.
Tom:
"...I am very optimistic about achieving the ultimate goal, which is an organic electro-optic modulator with performance parameters and data rates significantly advanced over legacy modulators -- for example with dramatically reduced drive voltage."
Fred:
" I am extremely impressed with the EM Photonics team and I am very confident that we will be able to execute this first task very well."
I guess that also depends on what exactly the 'first task' is. I assume it is completion of the modulator but I guess it could just be completion of the design for the modulator?
It makes me wonder if they aren't PR'ing that info because they don't want to rock the boat with the LSS at this critical time when they may or may not adopt our material. Almost seems like Lightwave is trying to give us long timers a little hint as to what those devices would be used for and possibly by who but doesn't want to just put it out there for all to see because nothing is certain yet.
This has all started to become pretty real and exciting finally. Hope all goes well and we have a blockbuster CC soon! I have to imagine that Lightwave will be meeting with the LSS sometime in the next two weeks to officially go over the results (and possible next steps) if they aren't already on the phone every day with real-time updates. Waiting patiently (on pins and needles)...
Thank wookie, I was curious about what the additional benefits might be. That is very interesting and could potentially be quite lucrative. Could help to minimize dilution for ongoing trials as well.
md - it was an honest and simple question, there's no need for hostility.
Breakthrough designation only allows you to skip Phase 2 trials, right? Why would they need to apply for breakthrough for the indications that just finished phase 2 trials. Would this allow them to use breakthrough designation for any of the additional Phase 1 indications that are ongoing?
TIA!
I think we're all just waiting to hear from the company at this point. There's not much left to speculate on that hasn't already been discussed. Any day now...
I wonder if this means that they no longer plan to merge with the other company that they've been in discussions with.
Interesting, thanks SS. They are really getting serious about developing their own products. Nice to know that they are finally at that stage!
Nice find Buz! Seeing as he is the principal investigator for a USAF electro-optic polymer modulator government contract, this must be Lightwave's "work around" for the security clearance needed to interact with Celestech's customer directly.