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I've focused my sights directly to head of AMAT's Apllied Ventures Portfolio, Mr. Tony Chao. Emailing him this morning, I attached links to the June 14th conference as well as the LWLG website. Interesting to see how many companies AMAT is currently invested in (ie. GlimmerGlass, Halation Photonics) or invested in the past (ie. Infinera, Grandis) that aligns nicely with LWLG.
Applied Ventures
FUND CHARACTERISTICS
Invest up to $50M annually
Invest between $500,000 and $3M per round
Co-invest with industry-leading venture firms and other corporate-strategic investors
Invest globally
http://www.appliedmaterials.com/company/applied-ventures/portfolio
I hope Mr. Chao takes a look.
For what it's worth, I sent a link of the ASM Lightwave Logic 2017 video to Applied Materials (AMAT) IR dept. If polymer photonics is the next computing platform, AMAT needs to be kept aware of it. Like the top brass at AMAT needs me to keep them abreast of the latest and greatest tech:))
Can't hurt that's for sure! Disclosure, AMAT is my largest holding.
Since were talking about Corning today:
Hot Research: Corning Boosted by Apple Investment -- Barrons.com
3:30 pm ET May 15, 2017 (Dow Jones) Print
(The companies mentioned in Hot Research are subjects of research reports issued recently by investment firms. Their opinions in no way represent those of Barrons.com or Dow Jones & Company, Inc. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed. Share prices at the time the report was issued and the date of the report are in parentheses.)
Corning (GLW: NYSE)
By Wells Fargo Securities ($28.91, May 12, 2017)
Apple announced Corning will receive $200 million from its Advanced Manufacturing Fund to support the glass maker's research and development, capital equipment and processing capabilities at its Harrodsburg, Ky., facility.
We think the investment is a net positive for Corning (ticker: GLW) as it not only implies the potential to see incremental future business with an important customer, but also should lead to capital-expenditure and operating-expenditure efficiencies due to the success of the company's co-investment model, where customers like Apple (AAPL) help fund innovation and capacity expansion.
Following the announcement, we slightly bump our Corning price target from $27.50 to $29.00 due to evidence that fundamentals at Corning remain healthy and to reflect the rise in peer-group multiples. That said, with the stock already trading at 15 times our above-consensus estimated calendar 2018 earnings per share of $1.95 we think much of the good news is reflected in valuation and recommend waiting for a pullback before potentially considering adding to a position in the company's shares.
We view weak TV demand, soft carrier capital expenditure, and competition as key risks.
-- Jess Lubert -- Michael Kerlan
Comments: E-mail online.editors@barrons.com
(END) Dow Jones Newswires
May 15, 2017 15:30 ET (19:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
WOW, check out the move on COHR, earnings crush and AAPL, OLED connections.
FORM 4
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Lebby Michael Stephen
(Last) (First) (Middle)
1831 LEFTHAND CIRCLE
SUITE C
(Street)
LONGMONT CO 80501
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Lightwave Logic, Inc. [ LWLG ] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 05/05/2017 A(1) 2,599 A $0.77 62,643 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Acquired directly from the issuer in connection with Operations Committee work.
/s/ James S.Marcelli, Attorney-in-fact for Michael S. Lebby 05/08/2017
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Yes, I got mine yesterday immediately.
Yup, opening the door to 400Gbps!
Loving it!
"We expect that the 25Gbps device will generate significant industry attention as we squarely address powerful, cost-effective miniaturized solutions for both today's 100Gbps, and future 400Gbps higher performance markets."
PRESS RELEASE:
Lightwave Logic Achieves High-Speed Modulation Enabling 25Gbps in an All-Organic Polymer Ridge Waveguide Modulator Prototype
9:58 am ET April 26, 2017 (Market Wire) Print
Mach-Zehnder Design Allows Company to Address 100Gbps Using its Polymer Photonics Integrated Circuit (P2IC(TM)) Technology Platform
LONGMONT, CO--(Marketwired - April 26, 2017) - Lightwave Logic, Inc. (OTCQB: 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 bandwidth suitable for 25Gbps data rates in an all-organic polymer ridge waveguide intensity modulator prototype. This is a significant improvement over its initial 10Gbps device modulator previously reported on December 26, 2016
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 datacenter, data communications, and high performance computing industries. To achieve 100 Gbps, modulators are typically operated in groups of 4 (each at 25 Gbps) using a variety of circuit configurations.
A Polymer Photonics Integrated Circuit (P2IC™) is analogous to an electronic integrated circuit, but incorporates two or more optical functions on a single substrate platform. P2ICs™ are expected to experience an increase in component density, similar to Moore's Law described for ICs, where numerous photonic functions are enabled using electro-optic polymer materials. This results in photonic devices that are scalable -- meaning capable of low and decreasing cost while also increasing performance.
Tom Zelibor, CEO of Lightwave Logic commented, "Less than two-quarters from our initial 10Gbps waveguide modulator press release, our engineering team has pushed the performance to where we can now address the explosive 100Gbps market for optical modulators.
"Enabled by our P2IC™ polymer system, our prototype device is suitable for data rates at 25Gbps, and we believe it can be scaled further to operate up to 50Gbps. A 50Gbps device would be the key to open the door for our company to address the next large market, 400Gbps nodes (e.g., using eight modulators). Our near-term next steps will be to optimize relevant 25Gbps device performance parameters.
"We have continued to attract, recruit and hire specialized world class device engineers to capitalize on our existing momentum, which has attained results ahead of schedule. Importantly, this will accelerate our continued progress in 2017 and beyond. In that effort, we have already begun exploring packaging designs to prepare for customer evaluations.
"We expect that the 25Gbps device will generate significant industry attention as we squarely address powerful, cost-effective miniaturized solutions for both today's 100Gbps, and future 400Gbps 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
JEEEZ, that's a nice move. AT&T to buy Straight Path Comm. up 146%
89.85+53.37 (+146.29%)
As of 10:04AM EDT. Market open.
A 5G play.
Thanks X, that's helpful.
The notice of effectiveness is a public declaration by the Securities and Exchange Commission that a public company's registration statement has been accepted. For shares in a public company to trade on the open market they must be registered by the company.
??? Anyone have a better grasp of these latest filings? tia
I must have missed this, because I did not know ML worked for Intel!
While at Intel in 1999, he initiated Intel's photonics division while serving as Intel's corporate investor for optoelectronics.
Here's the 8-K
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 22, 2017 (March 16, 2017)
Lightwave Logic, Inc.
(Exact name of registrant as specified in its charter)
Nevada
0-52567
82-049-7368
(State or other jurisdiction of
Incorporation or Organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
1831 Lefthand Circle, Suite C, Longmont, CO
80501
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (720) 340-4949
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Thomas Zelibor
On March 16, 2017 Thomas Zelibor tendered his resignation as Chief Executive Officer of Lightwave Logic, Inc. (the “Company”) effective April 30, 2017. Mr. Zelibor will retain his position as Chair of the Board. A copy of Mr. Zelibor’s resignation letter is attached at Exhibit 99.1.
Dr. Michael Lebby
On March 16, 2017, the Company’s Board of Directors elected Dr. Michael Lebby as the Chief Executive Officer of the Company effective May 1, 2017. Dr. Lebby will also continue to serve as a member of the Company’s Board of Directors. Dr. Lebby will resign from the Operations Committee of the Board of Directors effective April 30, 2017.
In connection with his new position, on March 20, 2017, Dr. Lebby entered into an employee agreement with the Company with an effective date of May 1, 2017. Dr. Lebby will receive as compensation, among other things, (i) a base salary of $265,000 per year, and (ii) an option to purchase up 350,000 shares of common stock. The options vest quarterly over one year in equal installments of 87,500 shares per quarter beginning May 1, 2017. All of the options expire on March 19, 2027. The description of Dr. Lebby’s employee agreement is not complete, and is qualified in its entirety by reference to the employee agreement attached hereto as Exhibit 10.1, which is incorporated by reference herein.
Dr. Lebby, age 56, has served as a director of our Company since August 26, 2015, and he currently serves a member of our Operations Committee. From June 2013 to present, Dr. Lebby has served as President and CEO of OneChip Photonics, Inc., a privately held company headquartered in Ottawa, Canada, that is a leading provider of low-cost, small-footprint, high-performance indium phosphide (InP)-based photonic integrated circuits (PICs) and PIC-based optical sub-assemblies (OSAs) for the Data Center markets. Also, Dr. Lebby presently serves as part-time full professor, and chair of optoelectronics at Glyndwr University in Wales, UK, and as a consultant to bring forward advanced materials, device, and integrated photonics technologies that will generate high margin value as products. Since 2015, Dr. Lebby has been focusing on InP-based photonic integrated circuits (PICs) and optoelectronic integrated circuits (OEICs) for the datacenter segment and has been instrumental in assembling California’s proposal (via USC) to the Federal Government for an integrated photonics manufacturing institute. Dr. Lebby holds a Doctor of Engineering, a Ph.D., a MBA and a Bachelors degree, all from the University of Bradford, United Kingdom.
Andrew Ashton
On March 16, 2017 Andrew Ashton tendered his resignation as a member of the Company’s Board of Directors, effective March 22, 2017. Mr. Ashton will retain his positions as Senior Vice President and Secretary of the Company. A copy of Mr. Ashton’s resignation letter is attached at Exhibit 99.2.
James Marcelli
On March 16, 2017, the Company entered into an amended employee agreement with James S. Marcelli, the Company’s President and Chief Operating Officer. The amended employee agreement has an effective date of May 1, 2017. It amends Mr. Marcelli’s previous employee agreement to (i) increase his base salary to $250,000 per year, and (ii) extend his employee agreement’s expiration date to December 31, 2019. The description of Mr. Marcelli’s employee agreement amendment is not complete, and is qualified in its entirety by reference to the employee agreement amendment attached hereto as Exhibit 10.2, which is incorporated by reference herein.
Item 8.01
Other Events
On March 22, 2017 the Company issued a press release announcing that the Dr. Michael Lebby will assume the role of Chief Executive Officer effective May 1, 2017 while Tom Zelibor remains Chair of the Board. The full text of the press release is attached as Exhibit 99.3 to this report.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits:
Exhibit No.
Description
10.1
Employee Agreement – Michael Lebby
10.2
Employee Agreement Amendment - James Marcelli
99.1
Thomas Zelibor Resignation Letter
99.2
Andrew Ashton Resignation Letter
99.3
Press Release dated March 22, 2017
Not out of the realm of possibility with the caveat that developments materialize as projected.
Good point gates, I hadn't thought of that, the timing is curious isn't it?
I now have no reservations about adding to my position!
WOW,
Dr. Michael Lebby to Assume Role as Chief Executive Officer of Lightwave Logic, Inc.
Marketwired MarketwiredMarch 22, 2017
LONGMONT, CO--(Marketwired - March 22, 2017) - 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 that Dr. Michael Lebby will assume the role of Chief Executive Officer effective May 1, 2017 while Tom Zelibor remains Chair of the Board.
Dr. Lebby has been a member of the Lightwave Logic Board of Directors since August 2015 as well as serving on the Company's Operations Committee, which has been critical to moving the Company forward in its polymer technology and device development. For over 20 years, his career has spanned all aspects of the optoelectronics business, ranging from Founder, CEO, CTO, research and development, sales, to marketing and investing. He is internationally recognized as a visionary, technologist, leader and market expert in optics and photonics. Dr. Lebby has organized and led roadmap workshops, conferences, technology strategy, and market analysis for the industry.
Dr. Lebby has also served as President and Chief Executive Officer of Optoelectronics Industry Development Association (OIDA) from 2005 to 2010, and represented the U.S. optoelectronics industry both on a national level as well as on an international level. While at Intel in 1999, he initiated Intel's photonics division while serving as Intel's corporate investor for optoelectronics.
Tom Zelibor, Chair of the Board of Directors, stated, "We have made tremendous progress at Lightwave Logic over the last few years and reorganized the company to attain realistic and achievable goals. This required critical investment in infrastructure and personnel, which has paid off significantly since we have demonstrated that our organic polymers and electro-optic technology can challenge the existing legacy infrastructure.
"It is now time for a changing of the guard and Michael Lebby has the leadership skills and experience in the photonics industry necessary to move the company into its next level of performance, which will be achieved through the commercialization of our organic electro-optic polymers for the telecommunications, data communications and data center markets around the world.
"As the Company's Chair, I remain committed to oversee this successful transition and am fully confident in Michael's ability not only to communicate the features and benefits of our P2IC™ platform to important industry players, but also to oversee its expansion into new areas of opportunity."
Dr. Michael Lebby commented, "Integrated photonics, or 'photonic integrated circuits' (PICs), has been driving a powerful trend in the communications industry to integrate discrete optical devices onto a single chip with increased performance and improved cost structures. Polymer photonics has the potential to be able to offer customers a unique competitive advantage of simplicity, performance, and miniaturization to satisfy their demand for a cost-effective, high-performance solution at 100Gbps and 400Gbps.
"Lightwave, under Tom's leadership, is now uniquely positioned both technically, and from a market perspective to provide state-of-the-art photonics products using its proprietary P2IC™ (Polymer PIC) platform. I am honored to take up the baton and continue accelerating the Company into product development."
For more information about Lightwave Logic, please visit the Company's website at following URL: www.lightwavelogic.com
Powered by Lightwave Logic
Lightwave Logic, Inc. is a development stage company moving toward commercialization of next generation photonic devices using its high-activity and high-stability organic polymers for applications in data communications and telecommunications markets. Photonic electro-optical devices convert data from electric signals into optical signals. For more information, about the Company please visit the corporate website at: www.lightwavelogic.com.
ball grid array?
MAYNARD, Mass., March 20, 2017 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that it will be demonstrating a ball grid array (BGA) photonic integrated circuit (PIC) for coherent applications during the Optical Fiber Communication Conference and Exhibition (OFC), taking place March 19th to March 23rd, 2017 at the Los Angeles Convention Center. In its demonstration, Acacia Communications will show BGA packaging technology that may help Acacia Communications to further leverage the benefits of their silicon photonics by replacing costly optics packages and assembly processes with low-cost packages and standard electronics surface mount technology.
“We have long viewed the transition to low-cost packaging and standard interfacing as an important next step to further the benefits of our silicon photonics technology,” stated Chris Doerr, Associate Vice President of Integrated Photonics at Acacia Communications. “With this technical achievement, we continue to execute on our vision to siliconize the optical interconnect, which requires moving from specialized materials that require custom process development to high volume silicon processes and mainstream assembly techniques.”
To help maximize the amount of data transmitted by each coherent interface and improve cost efficiency, Acacia Communications’ next generation Pico digital signal processor (DSP) will support transmission speeds of up to 1.2 Tbps with two carriers of 600 Gbps each using 64QAM modulation format at approximately 64 Gbaud. For these data rates, traditional packaging technology can limit performance of the interface between the DSP and optics. BGA packages address this challenge by eliminating additional connectors and optical package leads, improving bandwidth and signal integrity. This is a critical step toward Acacia Communications’ vision of integrating the DSP and optics in a single package.
“Our relationship with Acacia is one founded on a shared drive to innovate. Both of our teams are continually pushing and seeking ways to help our customers achieve their goals,” said Christoph Glingener, Chief Technology Officer and Chief Operating Officer at ADVA Optical Networking. “Acacia’s 1.2 Tbps solution is the latest example of this and we strongly believe that it will be significantly beneficial to our customers in the metro Data Center Interconnect market.”
Acacia Communications’ 1.2 Tbps Pico DSP is based on 16nm CMOS technology and offers a wide range of flexible modulation formats and data rates. Acacia Communications’ dual core Pico DSP will feature an internal crossbar switch allowing the flexibility to support a wide range of 100G and 400G client interfaces.
About Acacia Communications
Acacia Communications develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost. By leveraging silicon technology to build optical interconnects, a process Acacia refers to as the “siliconization of optical interconnect,” Acacia is able to offer products at higher speeds and density with low power consumption, that meet the needs of cloud and service providers and can be easily integrated in a cost-effective manner with existing network equipment. www.acacia-inc.com.
When does this guy sleep?
Michael Lebby, Chair in Optoelectronics at Glyndwr University, Board Director at Lightwave Logic Inc
Presently, Michael Lebby is driving new frontiers in the integrated photonics field as Board Director for Lightwave Logic, an integrated polymer photonics company in Colorado. Dr Lebby is also part-time CEO of OneChip Photonics, part-time chair of optoelectronics at Glyndwr University in Wales, UK as well as director of corporate relations at USC in Los Angeles. In 2015, Michael has been focusing on InP based photonic integrated circuits (PICs), polymer modulators, and optoelectronic integrated circuits (OEICs) for the datacenter segment and has been involved in assembling California's proposal (via USC) to the Federal Government for an integrated photonics manufacturing institute. Michael helped achieve >$400M in matching funding and also synthesized the proposal's datacenter and integrated photonics roadmaps for the next decade. In 2016, Michael will be helping Lightwave Logic drive their new polymer photonics PIC platform towards datacenter and telecom opportunities.
Steve, that is one awesome photo. Looking forward to your comments. I'm embarrassed to say I've never been to Europe, but it's on my bucket list!
Nice find Steve, thx for posting. What's your takeaway from this headline?
I didn't pick up on that proto, what do you make of the "Confidential" vs the other 2 listings??
Great find Steve, thx for posting!
"Stephen is co founder or founding participant in several companies including Universal Display (OLED)...."
Jeeezz, who said scientist can't get wealthy, this guy is one sharp cookie!
About Stephen Forrest:
Professor Stephen Forrest received his B. A. Physics, 1972, University of California, MSc and PhD Physics in 1974 and 1979, University of Michigan. At Bell Labs, he investigated photodetectors for optical communications. In 1985, Prof. Forrest joined the Electrical Engineering and Materials Science Departments at USC where he worked on optoelectronic integrated circuits, and organic semiconductors. In 1992, Prof. Forrest became the James S. McDonnell Distinguished University Professor of Electrical Engineering at Princeton University. He served as director of the National Center for Integrated Photonic Technology, and as Director of Princeton's Center for Photonics and Optoelectronic Materials (POEM), and from 1997-2001, he chaired Princeton’s Electrical Engineering Department. In 2006, he rejoined the University of Michigan as Vice President for Research, and is the Paul G. Goebel Professor in Electrical Engineering and Computer Science, Materials Science and Engineering, and Physics. A Fellow of the APS, IEEE and OSA and a member of the National Academy of Engineering, he received the IEEE/LEOS Distinguished Lecturer Award in 1996-97, and in 1998 he was co-recipient of the IPO National Distinguished Inventor Award as well as the Thomas Alva Edison Award for innovations in organic LEDs. In 1999, Prof. Forrest received the MRS Medal for work on organic thin films. In 2001, he was awarded the IEEE/LEOS William Streifer Scientific Achievement Award for advances made on photodetectors for optical communications systems. In 2006 he received the Jan Rajchman Prize from the Society for Information Display for invention of phosphorescent OLEDs, and is the recipient of the 2007 IEEE Daniel Nobel Award for innovations in OLEDs. Prof. Forrest has been honored by Princeton University establishing the Stephen R. Forrest Endowed Faculty Chair in Electrical Engineering in 2012. Prof. Forrest has authored ~550 papers in refereed journals, and has 263 patents, with an h-index of 112. He is co-founder or founding participant in several companies, including Sensors Unlimited, Epitaxx, Inc., NanoFlex Power Corp. (OTC: OPVS), Universal Display Corp. (NASDAQ: OLED) and Apogee Photonics, Inc., and is on the Board of Directors of Applied Materials and PD-LD, Inc. He has also served from 2009-2012 as Chairman of the Board of Ann Arbor SPARK, the regional economic development organization, and serves on the Board of Governors of the Technion – Israel Institute of Technology. He is Vice Chairman of the Board of the University Musical Society and is on the Executive Committee of the Michigan Economic Development Corp.
A 2 yr old video that speaks of Organic electronics, at 5:10 min. Stephen Forrest says "it's a place where scaling is really easy, why? because you can put this stuff down on anything"
X, was meant to be a "New Post" not a "reply" my bad:)
F2, Your point is well taken. I owned shares of a very tiny company called On2 Tech. that was strategically acquired by GOOG in 09' They held critical video compression tech. that I assume was important to the YouTube platform.
http://googlepress.blogspot.com/2009/08/google-to-acquire-on2-technologies_05.html
Looking forward to ECOC Exhibition 2017 18-20 Sept. ECOC Conf. 17-21 Sept. Only 256 days away!
Thanks for posting the video Steve, Dr. Lebby is an exemplary voice for LWLG.
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. [/b]
Like the sounds of that!
Lightwave Logic, Inc. Issues Shareholder Update Letter
Marketwired MarketwiredJanuary 3, 2017
Lightwave Logic, Inc. Issues Shareholder Update Letter
Ridge Waveguide ModulatorClick here for high-resolution version
More
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
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More on Coherent, stocks up 109% YTD.
http://finance.yahoo.com/news/beyond-nvidia-4-other-great-181706839.html
Funny, just realized my first AMAT buy was 04' along with LWLG (PSI Tech. at the time, if my memory serves me correctly)
These guys got it goin on! Looks like our website designer used theirs as a model when designing LWLG's site:)
"Can I get a freekin lazuur" Tryin to keep things light hearted, it's been a loooong 12 yrs!
https://www.coherent.com/
From the 8/25/16 pr:
"The Metricon testing has given us the precise capabilities of our current material system and our development engineers are focusing on achieving superior results using those materials in our device program.
"The really good news here is that these results give us full confidence that the inherent capabilities our materials will lead us to photonic devices that will offer significant competitive advantages over an installed base of legacy products. This represents billions of dollars in market opportunity."
John Jackson, President of Metricon, added, "Based on our measurements, it does appear that these materials will dramatically exceed the 4 dB/cm industry requirement at 1550 nm."
Interesting, one of his investments was iPhotonics (acquired by Selectron) among no less than 4-5 other companies acquired by Cisco and countless others acquired by little known companies like IBM, Oracle, Salesforce...etc.
http://lsvp.com/enterprise/
I was kidding about anyone having a contact to Ravi in my prior post, but now I'm dead serious.
Not LWLG related, but I like the name of his firm! Ravi Mahatre of Lightspeed Venture Partners was the principle investor of the recently IPO'ed Nuntanix (NTNX) which soared something like 150% on the day of the IPO. The video shows some of his other investments if interested.
https://finance.yahoo.com/video/reception-nutanix-says-tech-ipo-231852762.html
Anyone with a contact to Ravi out there? :)