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F2, I think Lightwave commercializes it, but "lab to fab" the commercial version is produced for us, we don't own or intend to own the "fab" as far as I know, when it comes to selling the commercial product I believe that would be Lightwave in the case of the RWM
F2, interesting thoughts, but I think with the slot waveguide modulator all along there has been a need for outside partnering to complete its development, I know they already have one (unknown) partner using Lightwave's material systems in a SWM running at close to 40Gb, but now with the ridge waveguide modulator on the other hand, I think there is some real meat on this bone today, 1st, the RWM proto is already operating at 10Gb instead of the 2.5Gb promised by end of 2016, 2nd, Z is now saying it not just a demo device but has real commercial value, and most importantly 3rd, not it may not only be for telecom market but also for the more lucrative datacom market as well, as far as bringing a commercial version to market on our own, I am not sure that is something they would pursue, probably best to farm that part out I would venture
Buc, to your question, competitor LWLG today released a shareholder update indicating good things for 2017 so would hope later this year commercial product is readied, hopefully POETF will put out similar good expectations for 2017 and beyond as well
LONGMONT, CO--(Marketwired - January 03, 2017) - The following is a letter to shareholders from Lightwave Logic, Inc. (LWLG) CEO Tom Zelibor.
Fellow Shareholders,
Since 2016 has come to an end, I want to update you on our development efforts and memorialize the tremendous progress we have made over this past year. Building on the momentum we gained in 2015, this year we achieved several milestones that are significant to our progress towards a revenue generating enterprise.
Most importantly, we successfully achieved our goal of developing a working ridge waveguide modulator. As we recently reported in our December 27, 2016 press release, this device exceeded our expectations and will serve as a launch pad for our P2IC™ polymer systems. This successful development effort was the result of careful planning and methodical implementation. I can't say enough about how proud I am of the hard, dedicated work by our materials and device teams.
In the beginning of the year, we demonstrated that our organic polymer materials could withstand greater than 4,000 hours of photochemical stability (in nitrogen). This is a key metric that determines the ultimate ability of our material to function in a commercial environment without degradation.
Once assured of the material's stability, we focused on modulator development. To support our efforts, we secured the services of an optical device expert on a consulting basis, to help us achieve modulator performance suitable for standard fiber communication speeds and applications. We created a very basic ridge waveguide modulator design and successfully guided light through the device. As we reported in our April 11, 2016 press release, we were able to achieve modulation in this structure with the application of a low frequency voltage signal. With those significant achievements behind us, we began the development of a multi-gigabit device. This new device, technically referred to as an intensity modulator, is based on the ridge-waveguide structure we used in our first device and is of a type typically used for telecom operations.
As we very recently reported, in initial testing, this new modulator exhibited >5 GHz bandwidth. This bandwidth means that our modulator can support data rates up to about 10 Gbps (OC-192 standard). This performance exceeds the telecom OC-48 standard (2.5 Gbps) that I promised you during our Annual Shareholder Meeting last spring. This device design is capable of a lot more, and we will now work on optimizing the data rates and other performance parameters for this modulator and will report on those milestones as we complete them.
Because success breeds success, we are beginning to attract several highly talented optical engineering candidates that we are evaluating as key additions to our team.
Financial
On the financial side, we solidified our access to capital by renegotiating our $20MM stock purchase agreement with Lincoln Park Capital Fund LLC. As you saw from our recently filed Form 10Q, we have sufficient operating capital through June 2017 which ensures we can continue prototype development with the added assurance that if we need additional capital to accelerate our efforts, it is available to us.
Marketing
Our marketing and communications efforts have continued to expose Lightwave Logic to a much broader audience. The Company made two significant presentations to important industry audiences that showcased the promise of Polymer Photonic Integrated Circuits (P2IC™). In March, Dr. Michael Lebby presented at the PIC (Photonic Integrated Circuit) International Conference in Brussels, Belgium and in September, we were selected to present at the ECOC (European Conference and Exhibition on Optical Communications) in Dusseldorf, Germany. These presentations created both awareness and anticipation for the emergence of organic polymers as a key component of integrated circuits. As a result, we have received many inquiries that we are pursuing and will continue to pursue in 2017 by providing operating data and information from our prototype modulators, once testing is complete and data is obtained.
Intellectual Property
Our intellectual property portfolio has expanded significantly over the last year. To date we have 13 granted patents that include 4 from the US, 1 from Canada, 5 from the EU, 2 from Japan and 1 from China. This is very good for the company since it provides protection for our core Perkinamine molecular compounds. We are now looking at some very powerful patents for future device technologies as our current development efforts have uncovered some enormous opportunities that appear to be unique to the market, powered by our materials.
Team Lightwave
The company has been a beehive of activity as we focus on coordinating the numerous development activities necessary to achieve our goal of a working modulator. As we have shown you in the past, there are many milestones -- or steps along the way, that must be accomplished to achieve this goal. None of them are trivial, but all of them were achievable.
The materials team in our Delaware laboratory facility continues to synthesize and optimize our existing, as well as several new material candidates to optimize the performance of current and future prototype and commercial devices. Closely coupled to this work on core materials is an investigation of cladding materials that encapsulate the core layer for optimization of the overall modulator structure.
To illustrate this, it is important to understand that when we reported our initial modulation results last spring, testing was done on a straight ridge waveguide modulator structure consisting of a 3-layer polymer stack with an upper and lower electrode (see attached figure). As we developed our multi-Gb operational prototype, the waveguide circuit and electrodes are more complex requiring optimization of the overall 3-layer stack. These are engineering and processing hurdles, which took some time, but were not insurmountable. As I reported above, we made great progress in these areas and recently achieved a working prototype. We have added a goal of also developing a scalable manufacturing process.
Overall, device team progress is proceeding extremely well in our Longmont, Colorado facility and as I have mentioned, we are now at the point where we need to secure additional skill sets to better support further development efforts.
The coordination of our combined efforts has had much to do with our success. The materials team supports the device design requirements while our testing team oversees and verifies results. This allows a feedback mechanism where the device team reports back to the materials team to drive subsequent iterations of materials that yield desired results.
We are looking to bring in-house more specific skillsets in materials engineering and in device testing and fabrication as well as people to orchestrate these activities. As part of his role on the Operations Committee, Dr. Michael Lebby is currently playing a leadership role on an interim basis until we fill the position.
Telecom and Datacom Modulator Development
We have previously communicated to you our original intention to develop the ridge waveguide modulator merely as a test device to prove that our advanced organic polymer systems can meet commercial specifications and to demonstrate that they can hold up to the rigors of an operating environment. However, we have observed some unique aspects of the prototype that make us believe we might be able to modify our design to address commercial needs not only in telecommunications, but other applications and markets such as datacommunications and datacenters as well. We will also keep you posted on this progress as the program matures.
2017 -- and Beyond
We are well aware that some of our shareholders think our product development process is taking a long time to complete. However, it is consistent with the milestones that we had previously laid out. Also important for you to know that we are now attracting world-class engineers, and together with the active role of our senior technical advisor, Dr. Fred Leonberger and in concert with the technical link Dr. Michael Lebby is providing, we are confident our team will strengthen quickly as we move into 2017. We are breaking new ground for the company and in many respects, have made significant progress in the transition from a purely materials development company to a device development company. While this transition has lengthened the timetable, the good news is that the degree of difficulty required to master both the material and device challenges in competing materials, will forestall possible commoditization of P2IC™ for a long time. Thus, we anticipate excellent product opportunities that will yield above-average sales margins for a long time.
Over the next several months we will be compiling a detailed device specifications sheet to present to several interested parties. To refresh your memory, our objective here is to attract an industry partner with the synergistic capabilities necessary to help develop future products that are in various stages of design such as a slot waveguide modulator and ultimately our integrated fiber optic polymer-based transceiver.
We believe that 2017 will be the year where we begin to harvest the many technological successes that we have achieved and will continue to achieve. We are starting off with outstanding results and have learned much about the intricacies of implementing our organic polymer systems into devices. This knowledge base will accelerate our progress going forward.
Thank you,
Tom Zelibor
Chairman and CEO
https://finance.yahoo.com/news/lightwave-logic-inc-issues-shareholder-150643918.html
Much more open ended as to goals.
Gates, I think it has to be at this point, think about it,
1) attracting much more interest from large companies now for JV development, most likely many with specific needs developments
2) attracting world class talent for the labs now
3) expanding the RWM developments to datacom as well as telecom, also working with additional perk material systems in new generations of protos
Sky is the limit now, it will be interesting to see how it all unfolds in 2017, remember we have a "purple brick wall" to break through 2018-2020
#lebbylottowinner
BOOOOOOOOOYAH BABY!
The biggest teaser imo was the change in strategy for the rwm. This will now be our first commercial product if my understanding is correct.
Walter, and to serve not only the 300 million $$ telecom market, but now expanding it to serve in datacom's multi-billion $$ markets as well?
we have observed some unique aspects of the prototype that make us believe we might be able to modify our design to address commercial needs not only in telecommunications, but other applications and markets such as datacommunications and datacenters as well. We will also keep you posted on this progress as the program matures.
#lebbylottowinner
Boohya to ya!
Dutch, nice find, I think we may be getting much more industry exposure in 2017, like Walter, I am expecting many good news items next year!
Happy New Year to all!
clearing upcoming industry roadblock requires dramatic cost/Gb reduction,
The fabrication of these devices clears yet another important milestone and moves us one step closer to our goal of demonstrating that organic polymer photonics can offer the same consistency and reliability as inorganic-based photonic devices. Polymer photonic devices significantly improve data rates at a fraction of the cost of traditional infrastructure devices based upon indium phosphide, lithium niobate and gallium arsenide, which are widely used today.
http://www.prnewswire.com/news-releases/lightwave-logic-successfully-fabricates-organic-polymer-ridge-waveguide-structures-300177559.html
per PIC and ECOC 2016 presentations, Dr Lebby believes Lightwave Logic will break through the "purple brick wall" of 2018-2020 thus clearing this upcoming industry roadblock
It's TIME for JV partner(s) to turbo charge the development efforts here!
"It is important to note that when these ridge waveguide modulators are completed, they will be commercially viable and used as alpha validation devices for potential customers and joint development partners."
http://www.prnewswire.com/news-releases/lightwave-logic-successfully-fabricates-organic-polymer-ridge-waveguide-structures-300177559.html
"I want to commend both our material and device development teams that worked tirelessly to successfully synthesize a commercially viable organic polymer system and then implement it in a high-speed working modulator prototype of our own proprietary design -- importantly, ahead of schedule.
http://www.prnewswire.com/news-releases/lightwave-logic-successfully-fabricates-organic-polymer-ridge-waveguide-structures-300177559.html
It's going to be fun in 2017 as this story unfolds watching you wear out the taps on those dancing shoes of yours punkipoo
#lebbylottowinner
sounding cheaper doesn't cut it, there is currently no solution in sight to scale cost per Gb to what the industry demands by 2018-2020
Lightwave Logic technology has the ability to meet this need per Dr Lebby PIC and ECOC presentations
doesn't mean squat if the cost per Gb can't be lowered, the current timeline scales Lightwave Logic's proto to 100g and beyond in 2017
remember lumera had a 1x100 Gb thin film polymer modulator sampling back in about 2008 and what ever became of it? DUST COLLECTORS
I would have to agree as well, it would have been better to have the comments from Dr Lebby who is spearheading the development efforts
As for an overall investor update it will be interesting to see where the timeline stands for scale ups of this proto, I would guess that Dr Lebby could very well be bringing a 25g version of this proto to the PIC in March 2017
I would love to know how many unique "material systems" have been worked with in devices, and if more than one is still in play for the telecom proto
Also, would like to know what progress has been made in the slot waveguide proto at this point and when it is anticipated to be unveiled
Also, a proximity of companies in any sort of serious JV talks, and perhaps if the LSS has re-engaged or will now be contacted with this proto in hand
I could go on, many many questions, it is time for a comprehensive investor update letter to kick-off 2017 and lay out their plan to conquer breaking through Dr Lebby's "purple brick wall" 2018-2020
the BIG differences between ALL others currently producing a modulator & Lightwave Logic's prototype commercial development will be:
1) scalability
2) performance
3) cost per Gb (of utmost importance)
No competitor can come even close to what Lightwave Logic can achieve with its technololgy!
looks like in 2017 we will see a lot of punkipoo with his top hat, cane & spats performing his best soft shoe for us!
#lebbylottowinner
#lwlgbreakingthepurplebrickwall
the average pps for all shares traded today was actually above the .66 close, there were a couple thousand shares traded near the close at .601 trying to paint the close poorly, but that attempt failed, the close at .66 is actually very bullish technically, on the weekly chart we crossed the 20 and 50 sma's at .64 and .63, and on the daily chart we crossed the 200 sma at .635, in addition, the volume was clearly shown as accumulation, and also on the daily chart the macd is crossing from negative to positive for the first time since late august 2016, in addition the vol of approx 350k was approaching 7x the trailing average vol approx 50k, and all this on a light holiday trading week it will be interesting to see if the technicians pick up on LWLG and show up tomorrow, if that happens it could be a wild ride, these types usually like to run it up when chart formations begin to look like LWLG as of today
#lebyylottowinner
"I want to commend both our material and device development teams that worked tirelessly to successfully synthesize a commercially viable organic polymer system and then implement it in a high-speed working modulator prototype of our own proprietary design -- importantly, ahead of schedule.
commercially viable is key here!
ilvkrn, couple of things, first it is a holiday trading week which is normally very light volume days, we are currently approaching six times the average daily volume, second, the short-term chart is still constructive, hopefully a little volume surge here in the last hour and a strong close perhaps up near 10%, and then hopefully follow through tomorrow as the news spreads based on various metrics of today, it seems the general consensus of those long time longs view today's pr as a very favorable development, myself included
#lebbylottowinner
tick tock "I want to commend both our material and device development teams that worked tirelessly to successfully synthesize a commercially viable organic polymer system and then implement it in a high-speed working modulator prototype of our own proprietary design -- importantly, ahead of schedule.
and now begins the scale ups right in keeping with Lebby's timeline
#LEBBYLOTTOWINNER
#LEBBYLOTTOWINNER
looks like the almost 4x average volume on traditionally light trading day last week was significant
BOOYAH!
BA BA BA BOOYAH !!! Lightwave Logic Achieves High-Speed Modulation in its First-Ever All-Organic Polymer Ridge Waveguide Modulator Prototype
Marketwired MarketwiredDecember 27, 2016
LONGMONT, CO--(Marketwired - December 27, 2016) - Lightwave Logic, Inc. (LWLG), 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 telecommunications, announced today it has achieved high-speed modulation in its first all-organic polymer ridge waveguide intensity modulator prototype.
A modulator converts electronic/digital information into pulses of light that can traverse fiber optic cables. Modulation is the central information-encoding technology for the Telecom, Datacom and Datacenter industries.
A Polymer Photonics Integrated Circuit is analogous to an electronic integrated circuit, but incorporates two or more optical functions integrated onto a single substrate platform. P2ICs™ are expected to experience a similar density trajectory as Moore's Law described for ICs where numerous photonic functions are integrated using polymer materials, which are scalable in low cost as well as high performance.
Tom Zelibor, Chairman and CEO of Lightwave Logic commented, "This is one of the most significant moments in the history of our great company. Our initial "alpha" prototype has exceeded our expectations. This device, enabled by our P2IC™ polymer system, has demonstrated bandwidth suitable for data rates up to about 10 Gbps, and we believe it can be extended to operate up to 25 Gbps, which is important to the optical networking industry because this data rate is a major node to achieve 100 Gbps (using 4 channels of 25 Gbps).
"Our development plan didn't anticipate attaining a 10 Gbps data rate until the first quarter of 2017, but due to exceptional engineering work, we were able to exceed this goal, and demonstrate true amplitude (intensity) modulation in a Mach-Zehnder modulator structure incorporating our polymer waveguides.
"I want to commend both our material and device development teams that worked tirelessly to successfully synthesize a commercially viable organic polymer system and then implement it in a high-speed working modulator prototype of our own proprietary design -- importantly, ahead of schedule.
"There is a lot more to do so we will now turn our efforts to push the data rate in subsequent iterations and optimize performance characteristics to meet or exceed industry benchmarks. The road to commercialization is necessarily paved with data and we now begin to collect device hard performance parameters that substantiate the power, reliability, and ultimately the value proposition of our P2IC™ technology to provide our growing list of interested parties.
"We anticipate that both a 10 Gbps device and ultimately a 25 Gbps device will generate industry attention as they squarely address a compact efficient solution for both today's 40 Gbps (4x10), and 100 Gbps (4x25) markets, and future higher performance markets."
For more information about Lightwave Logic, please visit the Company's website at following URL: www.lightwavelogic.com
Powered by Lightwave Logic
news from competitor lightwave logic > Lightwave Logic Achieves High-Speed Modulation in its First-Ever All-Organic Polymer Ridge Waveguide Modulator Prototype
Marketwired MarketwiredDecember 27, 2016
LONGMONT, CO--(Marketwired - December 27, 2016) - Lightwave Logic, Inc. (LWLG), 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 telecommunications, announced today it has achieved high-speed modulation in its first all-organic polymer ridge waveguide intensity modulator prototype.
A modulator converts electronic/digital information into pulses of light that can traverse fiber optic cables. Modulation is the central information-encoding technology for the Telecom, Datacom and Datacenter industries.
A Polymer Photonics Integrated Circuit is analogous to an electronic integrated circuit, but incorporates two or more optical functions integrated onto a single substrate platform. P2ICs™ are expected to experience a similar density trajectory as Moore's Law described for ICs where numerous photonic functions are integrated using polymer materials, which are scalable in low cost as well as high performance.
Tom Zelibor, Chairman and CEO of Lightwave Logic commented, "This is one of the most significant moments in the history of our great company. Our initial "alpha" prototype has exceeded our expectations. This device, enabled by our P2IC™ polymer system, has demonstrated bandwidth suitable for data rates up to about 10 Gbps, and we believe it can be extended to operate up to 25 Gbps, which is important to the optical networking industry because this data rate is a major node to achieve 100 Gbps (using 4 channels of 25 Gbps).
"Our development plan didn't anticipate attaining a 10 Gbps data rate until the first quarter of 2017, but due to exceptional engineering work, we were able to exceed this goal, and demonstrate true amplitude (intensity) modulation in a Mach-Zehnder modulator structure incorporating our polymer waveguides.
"I want to commend both our material and device development teams that worked tirelessly to successfully synthesize a commercially viable organic polymer system and then implement it in a high-speed working modulator prototype of our own proprietary design -- importantly, ahead of schedule.
"There is a lot more to do so we will now turn our efforts to push the data rate in subsequent iterations and optimize performance characteristics to meet or exceed industry benchmarks. The road to commercialization is necessarily paved with data and we now begin to collect device hard performance parameters that substantiate the power, reliability, and ultimately the value proposition of our P2IC™ technology to provide our growing list of interested parties.
"We anticipate that both a 10 Gbps device and ultimately a 25 Gbps device will generate industry attention as they squarely address a compact efficient solution for both today's 40 Gbps (4x10), and 100 Gbps (4x25) markets, and future higher performance markets."
For more information about Lightwave Logic, please visit the Company's website at following URL: www.lightwavelogic.com
Powered by Lightwave Logic
Merry Christmas from Florida
I added on some more shares today on this volume surge (approaching 200k now), still a believer and expecting a very positive update
still keeping the faith! (and NO not hoping for even better buying ops!)
cmon Z & co, Lebby at the helm!
what TIME is it?
It's PROTO-TIME !
over 160,000 in volume few days before Christmas, what's up with the heavy volume on a day most traders/investors have vacated for the holidays already, maybe the update pr is pending the close today?
I agree, I don't see any mass exodus provided the timeline is still intact and running a tad late, now if they announce the abandonment of the proto development and a turn to some other focus that would be horrific
As I have been saying repeatedly, until we have a product we are a story stock, and a story stock requires an ongoing story updates with significant progress notes, this is exactly what I am expecting of the upcoming investor letter, and it darn well better show us closing in on a 1st generation proto demonstration, perhaps several protos are even in fact closing in on the goal of being true next-gen devices
KCC, I am presuming the "someone" is a fellow investor, I would like to hear from the device builders where we stand on the proto, it is easy to build a modulator, it is hard to build one with true next-gen specs
I am hoping they have multiple candidates that are close to a range of specs that will qualify as game changing or true next-gen, the question that needs answering is when will they deliver our 1st generation proto, and yes they did promise it by end of 2016 I do believe, just maybe not in those exact words
may as well tell us WHAT buz, man up
Gates, I think it makes more sense for Dr Lebby to preface his LinkedIn with an all encompassing description of his multiple focuses
I am still in the camp thinking this week will provide our proto news / company investor progress notes & 2017 game plan / timeline of expectations
the technical are oversold
the fundamentals have never been stronger, all the control is now in-house, and the timeline milestones have been executed well in the past 2 years, and Dr Lebby is in charge of the timeline
I like the odds!
keeping the faith & hoping for that big booyah pr soon!
Gates, the current header for Dr Lebby on LinkedIn is an all encompassing description of himself
Global executive and entrepreneur in photonics and electronics technology
San Francisco, California - Semiconductors
Dr Lebby then lists his current focuses as >>
Oculi llc
(Management Consulting)
Lightwave Logic Inc (LWLG)
European Commission
Gates, I think the reason for this may well be because they are utilizing the stated timeline clock fully to deliver a proto which achieves the greatest optimization possible, I suspect there are multiple final candidate devices being tweaked now, and perhaps they will even unveil multiple protos to investors
we are all anxious of course, but I highly doubt there is any need to worry that there will not be a proto update in the coming weeks as promised, remember all things are in their control now, and Dr Lebby has stated it is "his timeline" and therefore he has great confidence it will be met, imo the only question will be the level of success achieved on the 1st generation proto
Bingo! I agree DLucky, until a company has a commercial product it is a story stock and that story of its development is of great importance to investors, it is how they can discern if they want to add or trim holdings based upon the progress notes of the past (imo updated to investors minimally every 6 months, but preferably quarterly as commercialization approaches) and the timeline of expectations for development outlined for the future (imo should forecast forward at least 1 year), all this in addition of course to pr's of any significant events throughout the year, and the required SEC filings
3 week countdown to proto now, the timeline window we were given was by end of 2016, so I believe we will hear about the proto by then, perhaps incorporated in a year-end shareholder letter detailing progress notes of 2016 and expectations for developments for 2017
buc, sure glad we got those "sophisticated" investors onboard! lol, but never fear, alas there is still hope for that next-gen proto VSCEL and that will allow completion of the transceivers and then the AOC's will be become a reality, when these pr's start rolling out the pps will be flying high
punkipoo dominating the boards like Rodman again I see, it's his MO, the pattern is always the same, the attacks heighten to squeeze out the last pennies of pps from the weak hands
so, OneChip is a design company for InP based PICs for datacenter applications, and as Dr Lebby pointed out in slide 22 of his ECOC presentation, InP is "the incumbent" technology which needs to be replaced by true next gen devices, Dr Lebby lists SiP (silicon photonics) and PP (polymer photonics as the top candidates to replace InP, this is why Dr Lebby is now with Lightwave, he gave up his efforts to extend InP tech a couple years back upon reviewing the "perk" and its incredible characteristics, Dr Lebby has since guided a very clear path to the proto device which will be unveiled very shortly!
that was me, the daily chart (stockcharts.com) broke down on 200 SMA at about .63 that day I was hoping we'd get some positive news flow on this "story stock" to keep it from breaking down, the rest is history, lol, another buying opportunity has subsequently arisen as I prognosticated with the post you are recalling
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125886651
fwiw, it remains a fairly constructive uptrending chart provided it does not dip below .51 (higher lows), you can see this on the longer-term weekly chart, however at .63 you were still able to draw a straight line connecting the lows off the bottom .44 back at the start of 2016
ok, so c'mon now Z, I placed my bet in the "proto game" on the most likely window of your year-end update, including the proto status as being most likely Wed 12/7 to Wed 12/14, let's get this party started early, as in tomorrow!
hey, let's all play the proto game!
I think we can all (mostly?) agree that before the end of 2016 investors will be given an update which will obviously have to include the status of the long awaited proto, but even if you don't agree you can still play, so ok, let's have a little fun and cast your predictions, you can either guess a specific date for the update, or you can choose one of the following
a) 1st/2nd week of Dec 2016
b) 3rd/4th week of Dec 2016
c) 1st/2nd week of Jan 2017
d) not gonna happen!
I'll kick off with my optimistic prediction (surprise!), I'll go with "a" and I'll even go for more specific call for Wed Dec 7th thru Wed Dec 14th
glta
last pr was Aug 25th 3rd party verification, so now over 3 months later and nothing left to talk about so we here we sit talking browsers lol, so the latest 10q seems to indicate the timeline for the proto remains 4q delivery or by the end of 2016, so as we enter Dec 2016 we enter the red zone
Richard, I would say at this point they already have a proto that could be pr'd and they are just using the remaining clock to continue optimization efforts, fact is that even after the 1st proto is pr'd, the optimizations process will not cease, there will always be efforts in this area of development, new & improved material systems for variant product needs, etc
if this was not the case, I believe the recent 10Q would have had to disclose any significant delay, worst case imo Z issues a shareholder update sometime in the final couple of weeks of 2016 laying out where they stand with the proto(s) development, and I would not expect any significant amount of time to be added to the initial release of the proto, perhaps a few weeks into January at most being worst case
X, Jumpin, sounds like you guys are worn out in the patience and trust departments, lol, understandable, it has been quite a long road here but I seriously think they are really getting close now, and that they will actually be deliving next-gen products to meet what is expected to be nothing less than an insurmountable industry roadblock with current technology extensions, this is predicted for the 2018-2020 timeframe
I have increased my shares down here near the PO pricing, I am actually surprised it is staying down here so long
if it makes you feel any better, the same patience game has been going on over on the lightwave logic (lwlg) board, they too are scheduled to unveil next-gen protos, the first is slated for unveiling before end of 2016
imo, both of these techs have merit as next-gen replacement techs for the current industry tech which cannot be extended much further
Rick, have you been adding shares of poetf here down near the PO offering prices?
Mack, are you still 100% on poetf, or have you picked up some lwlg yet?
glta
I would guess at this point that there may be several different protos that by now are the lead candidates, each using differing material systems, and all of which are undergoing optimization tweaks, and that at least one of these will be pr'd prior to the end of 2016 along with specs
POET Technologies Reports Third Quarter Financial Results
SAN JOSE, CA, November 28, 2016 - POET Technologies Inc. (the "Company" or "POET") (OTCQX: POETF; TSX Venture: PTK), the developer of opto-electronic fabrication process IP and devices, and manufacturer of sensing and optical light source products, reported consolidated financial results for the period ended September 30, 2016. These interim financial results along with the Management Discussion and Analysis have been filed on SEDAR.
Third Quarter and Recent Highlights:
• Signed long-term supply agreement and strategic partnership with Luxmux, a leader in innovative photonic and optic technologies;
• Announced agreement with Singapore Economic Development Board (EDB) to expand R&D operations in Singapore;
• Awarded two new U.S. patents, including one regarded as fundamental;
• Appointed Thomas R. Mika as Chief Financial Officer;
• Subsequent to the end of the quarter, completed public offering which generated gross proceeds of C$12,528,000 (US$9,349,254); and
• Ended the quarter with cash and cash equivalents of US$9,699,899, which does not include the net proceeds from the offering.
Third quarter 2016 sales were US$861,545, which comprises the first full quarter of revenue from its acquisition of DenseLight Semiconductor, compared to US$576,741 in the second quarter of 2016. Gross margin in the third quarter was 47.3%, compared to 28.9% in the prior quarter. Third quarter 2016 net loss was US$2.8 million, or ($0.01) per share, compared to US$3.4 million, or ($0.02) per share, in the second quarter 2016.
During the quarter, the Company completed internal qualification and began early production of DenseLight 2.5G DFB (distributed feedback) lasers, winning an initial customer order in China for applications in the Passive Optical Network (PON) broadband access network architecture, which is the dominant "Fiber-to-the-X" (FTTx) network architecture in use today. 'Fiber-to-the-X' or FTTx is a key enabler of today's high-speed Internet, and advanced broadband networks are considered essential infrastructure to support future economic growth. The Company's sensor product roadmap for 2017 includes additional new product introductions targeted for the LIDAR (laser imaging, detection and ranging) market.
POET's Chief Executive Officer Suresh Venkatesan commented, "Revenue in the quarter reflects expanded sales of DenseLight photonic sensors, primarily to existing customers for test & measurement applications. Although we are making solid progress on revenue and product expansion within our DenseLight subsidiary, our integration activities intended to establish a commercial foundation for the consolidated Company are not without challenges. We have uncovered certain deficiencies in the organizational, functional and operational structure of the fab. Importantly, we have already begun to address and remedy these vulnerabilities in order to realize the full value of this business and its related infrastructure. Despite these short-term challenges, we remain highly confident in the potential and unique value proposition that DenseLight represents for its customers and the Company alike."
"In terms of progress on the POET technology, we continue to maintain a strong focus on the development and refinement of the integrated opto-electronics engine, which includes the integrated detector. As a direct result of the capital raise, we are now able to pursue parallel development paths for our VCSEL design and validation and have taken meaningful steps to accelerate our cycles of learning. Furthermore, we are making selective investments in capital equipment as well as other key capabilities to give us greater control over some of the most time-sensitive aspects the technology development process. The previous delays we encountered largely related to epitaxial wafer supply and more recently export license controls were both resolved subsequent to quarter-end, which has enabled us to resume progress toward the production of integrated device prototypes. Although this pre-prototype stage of product development has taken longer than we originally anticipated due to various constraints, we believe we are on the right path to achieve commercialization in 2018."
Business Update
Work on the POET integrated optical engine continues, with progress being made during and subsequent to the end of the quarter on several fronts, including the resolution of certain constraints encountered on product development related to export controls and epitaxial wafer supply. The availability of new capital has allowed the Company to:
• pursue parallel development paths for the VCSEL design;
• engage with multiple third-party sources for critical epitaxial wafers; and
• resume development cycles at its 6-inch Taiwan foundry partner, Wavetek.
As part of these actions, the Company is currently focused on evaluating multiple paths to improving VCSEL functionality and optimizing the transistor. Ultimately, realizing the commercial potential of the POET technology will require the Company, among other things, to successfully complete the development of integrated device prototypes, begin product development of integrated single chip monolithic transceivers for Active Optical Cables (AOCs), demonstrate alpha prototypes, engage potential customers with beta prototypes, demonstrate manufacturability and scalability, and complete qualification of these integrated devices in end user applications. At each step, where appropriate, the Company expects to provide updates on meaningful progress.
The Company also continues to work on multiple sources of additional NRE (non-recurring engineering) revenue, US$154,000 of which was included in sales in the third quarter.
On November 8, 2016, the Company was awarded two U.S. patents - #9,490,336 for a fabrication methodology for optoelectronic circuits and #9,490,321 for the design of an integrated optoelectronic circuit. The Company regards both as important patents, each representing a significant barrier to entry for potential competitors. In addition, the '321 patent is fundamental to protecting the Company's design of integrated optical transmitters and detectors using both thyristor and bipolar circuits.
As of November 28, 2016, the Company had 259,333,852 common shares outstanding.
Business Outlook
The Company will not be able to reconfirm its previously provided guidance to achieve revenue of US$2,000,000 in the second half of 2016, primarily as a result of unexpected production delays at its Singapore fab. It was anticipated at the completion of the DenseLight acquisition that changes were needed in the operations and organization of the business unit, a strategy for which has been developed and is being implemented. Substantial progress has been made to date and will continue into 2017. The new guidance is for revenue in the range of US$1,600,000 to US$1,800,000 for the second half of 2016, and depends on closing and shipping multiple orders for sensor products, 2.5G DFB lasers and the timely completion of NRE for key clients. Even with the reduced revenue guidance, the Company has achieved significant quarter on quarter revenue increases and expects that the DenseLight business unit will develop into a robust platform for the commercialization of POET technology. The Company anticipates continued revenue growth at DenseLight and its intention to reach positive operating cash flow by the first half of 2017.
New Communications and Disclosure Policy
In an effort to keep all stockholders informed on a regular basis, and to conform to fair disclosure regulations in both Canada and the United States, the Company intends to communicate primarily through written business updates on a periodic basis, at least semi-annually, and to publish supplemental press releases as needed for the broad and timely dissemination of meaningful interim developments. The Company intends to adhere strictly to this policy for the benefit of all stockholders.
Commenting on the newly adopted policy, Thomas Mika, recently appointed Chief Financial Officer of POET Technologies, stated: "Over the past several months, the number of inquiries from stockholders and others that the Company and its Investor Relations firm, the Shelton Group, has received has risen dramatically. We recognize the importance in demonstrating progress to shareholders and interested investors, however, development activities in a technology-based company are not deterministic and outcomes cannot be readily predicted, timed or guaranteed. Evaluating technical progress often requires nuanced explanation or detailed engineering knowledge. Providing detail on confidential technical, strategic and sales efforts can inadvertently benefit potential competitors, and so the Company will refrain from answering such inquiries. Although we have encountered a number of challenges during the course of 2016, we have also made and continue to make meaningful progress on technology development and business objectives. We ask for your understanding, cooperation and support for the new communications and disclosure policy that we are announcing today."
About POET Technologies Inc.
POET (Planar Opto-Electronic Technology) is a developer of opto-electronics and Photonic fabrication processes and products. Photonics integration is fundamental to increasing functional scaling and lowering the cost of current Photonic solutions. POET believes that its advanced opto-electronics process platform enables substantial improvements in energy efficiency, component cost and size in the production of smart optical components, the engines driving applications ranging from data centers to consumer products to military applications. Silicon Valley-based POET's patented module-on-a-chip process, which integrates digital, high-speed analog and optical devices on the same chip, is designed to serve as an industry standard for smart optical components. More information may be obtained at www.poet-technologies.com.
ON BEHALF OF THE BOARD OF DIRECTORS
(signed) "John F. O'Donnell", Secretary
For further information:
Shelton Group
Brett L. Perry
Leanne K. Sievers
E: sheltonir@sheltongroup.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include the Company's expectations regarding:
• our product roadmap for 2017 and the potential and value proposition that DenseLight represents;
• the progress toward production of a prototype and our path to commercialization; and
• our revenue guidance in the second half of 2016 and our expectations for continued growth in revenue and positive operating cash flow by the first half of 2017.
They also include the Company's expectations with respect to the capability, functionality, performance and cost of the Company's technology.
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding future growth, plans for and completion of projects by the Company's third party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company's anticipated projects, delays or changes in plans with respect to the development of the Company's anticipated projects by the Company's third party relationships, risks affecting the Company's ability to execute projects, the ability to attract key personnel, and the inability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward- looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
POET Technologies
120 Eglinton Avenue East, Ste. 1007 Toronto ON M4P 1E2 Tel: 416-368-9411 - Fax: 416-332-5075