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The Head of Photonics Research for EPIC just commented on Lebby’s NASDAQ interview.
“Great interview and really vital technology!”
https://www.linkedin.com/posts/lightwave-logic-inc-_photonics-tech-polymers-activity-6937468375614861312-__2C?utm_source=linkedin_share&utm_medium=ios_app
Also, just doing some LinkedIn searches and I just found that Siraj (LWLG board member) works as President of IPG Photonics’ telecom business unit ($5 billion market cap). I wonder if they will be a partner/customer. It would make sense.
Hi Frobinso,
Lebby compared LWLG to OLED (Universal Display Corporation). He said LWLG does not plan to scale the company past 50 or 60 employees. He mentioned OLED has the same business model and it was recently a $10 billion dollar market cap with one lab and 60 employees. He said he is not insinuating our stats will exactly match those numbers, but that it was an example of that business model working for a polymer lab and lwlg is going after the same business model.
I am very optimistic and hope we also see a $10 billion valuation or more in the years ahead.
In a separate conversation, Tom also said they plan to scale to 40 to 50 employees. We are currently at 20 and they said they plan to add 5 to 10 this year. That means we will be over half of the way to full employment within the year. I assume we will hire the rest of the employees in 2023/24 once we are well into massive commercial scale. So if all of this goes as planned, we could get our $10 billion valuation by 2023/24. Optimistically of course.
It was a great pleasure meeting everyone last Wednesday/Thursday.
I just got caught up on 1,000 posts and bookmarked a few that are directly related to the conversations I had with management. I spoke with Tom Z for about 15 minutes and Michael for about 20.
20 minutes with Michael Lebby is like a live interactive weeklong masterclass in business & technology.
What in the world is Dr. Lebby saying at these institutional investor conferences to invoke hedge fund managers to buy up 1% of the company? Must be one hell of a conversation.
Tleprathy,
We are not in competition with one another. You are a trader. I am not a trader. You have nothing to prove to me and have no point to make. We are only eleven days into May.
$11.4 million remains out of the $33 million LPC purchase agreement. They've been able to raise money at a very good average price with minimal dilution. They weren't raising money at $6, so they have shown their interests are aligned with shareholders in that aspect.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168816397
The only sentence pertaining to the $100 million shelf is the first sentence, the rest of that paragraph refers to the separate $33 million LPC purchase agreement. They are separate. The $100 million shelf has not been used according to today's 10Q.
As we move forward to diligently meet our goals, we continue to work closely with our packaging and foundry partners for the 50Gbaud and 100 Gbaud prototypes, and we are advancing our reliability and characterization efforts to support our prototyping. We partnered with silicon-based foundries in 2021 so that we can scale commercial volumes of electro-optic polymer modulator devices using large silicon wafers, and we are currently working to have our fabrication processes accepted into foundry PDKs (process development kits). These are the recipes that foundries use to manufacture devices in their fabrication plants.
We are actively engaged with test equipment manufacturers of the most advanced test equipment to test our state-of-the-art polymer devices. We continue to engage with multiple industry bodies to promote our roadmap. We continue to fine tune our business model with target markets, customers, and technical specifications. Our business model includes the licensing of our strong IP and Patent portfolio, as well as technology transfer to entities such as foundries. Discussions with prospective customers are validating that our modulators are ideally suited for the datacenter and telecommunications markets that are over 10km in length. Details and feedback of what these prospective customers are seeking from a prototype are delivered to our technical team.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1325964/000155335022000418/lwlg_10q.htm
POET and RKLY both communicated specific timelines to commercialization and revenue over the past year. It did not stabilize their share price anymore than LWLG. All three companies are pre revenue.
My point is that the method a pre revenue company uses to communicate and the amount of information communicated may not be the saving grace for share price. It's the most obvious and easiest to blame when things go south. The CEO's words cannot save the share price. The company's actions must do that.
You as well. Really looking forward to the meeting this year.
Absolutely. For example MACOM's laser source is used in Ayar Labs' chip optical I/O solution.
Agreed. I hope they succeed and truly do have a multi-terabit laser source. That would be great for the entire industry, including LWLG.
1) They produce lasers for research universities and for telecom. Not datacom which is LWLG's initial target market.
2) As it relates to LWLG, laser manufacturers are not competitive to LWLG's modulators. Different component.
Hope this helps.
Enlightra develops multichannel lasers for optical data transmission. Our unique technology can replace up to hundred of high-quality lasers to access extremely high data rates in a power-efficient and low-cost manner. Among our first customers are US research universities and IT/telecom giants. Enlightra provides the core technology for multiple US and EU-funded research projects together worth >$25M, and it is backed by Ycombinator. http://www.enlightra.com/
There will be a deal announced any day now.
Davisa is a work colleague of mine. He's short in height, but very long in LWLG.
You thought correct!
There will be a deal any day now.
You're willfully ignoring this statement, "the Compensation Committee considered certain financial, strategic and operational goals that were achieved by our Company during 2021"
Please read the Terms of Service for clarification:
https://investorshub.advfn.com/boards/terms.aspx
Thanks for sharing that info X. All of the minutia, when aggregated, becomes important.
I’m loving the updates to track the right sector that you pointed out as well as the updated company profile stating Lwlg “commercializes electro-optic photonics devices”.
Frank H. Levinson, the co-founder of Finisar (acquired by II-VI for billions) had his degree in astronomy. Math and physics cross over to photonics nicely. I bet this guy is top notch.
Not sure when it changed, but here was the company profile statement on TDAmeritrade from an old screenshot I took on 31 August 2021
"Lightwave Logic, Inc. is a development-stage, electro-optical device and organic nonlinear materials company. The company is engaged in the chemical synthesis of chromophore dyes used in the development of organic Application Specific Electro-Optic Polymers (ASEOP) and Organic Non-Linear All-Optical Polymers (NLAOP) that have high electro-optic and optical activity. The Company's family of materials has the utility across a range of applications in devices that address markets, including telecommunication, data communications, high-speed computing and photovoltaic cells. The Company develops photonic devices that utilize its polymer-based material systems. These polymer-based material systems, when used in modulators or waveguide structures, can convert high-speed electronic signals into optical (light) signals for use in communications systems, high-speed data transfer or advanced high speed computing."
I just noticed the updated profile statement today.
"Lightwave Logic, Inc. is a development-stage company that has commercialized electro-optic photonic devices made on its P2IC technology platform, which uses in-house organic polymers. The Company designs and synthesizes organic chromophores for use in its own electro-optic polymer systems and photonic device designs. It includes host polymers, poling methodologies and molecular spacer systems that are customized for optical properties. Its organic electro-optic polymer systems compounds are mixed into solution form that allows for thin film application. It also designs its own polymer photonic integrated circuits (polymer PICs). The polymer PIC is a photonic device that integrates several photonic functions on a single chip. Its modulator devices are enabled by its electro-optic polymer material systems, which have crystalline electro-optic material contained in modulator devices, such as lithium niobate (LiNbO3), indium phosphide (InP), silicon (Si) and gallium arsenide GaAs)."
Interesting wording to state they are a development-stage company that has commercialized devices. I assume TDAmeritrade gets these profile statements from the company.
Thank you for tracking this down and posting. Another great piece by Lebby. Setting the stage.
Those damn corrupt longs manipulating the price up on virtually no volume.
As you know, LWLG has a three-pronged business model. In my opinion it depends on where LWLG enters the market i.e. as a component maker, materials supplier, foundry PDK.
My point regarding the Juniper and Synopsis partnership is that if LWLG is supplying material and expertise in polymers, they would not be a named partner in the press release in the same way that the PR did not mention who was supplying the silicon nitride.
I do not expect we will see supply agreement announcements, but we will of course see partnership announcements. If LWLG is to be truly ubiquitous with a multi-pronged approach, we should expect to be both a partner of some and supplier of others.
I still believe we are a supplier of the Global Foundry PDK due to release this month, but not a partner of any one company using the PDK.
A good friend of mine works for this company and I've had some discussions about how their business model works.
https://www.emdgroup.com/en/expertise/semiconductors/industries-served.html
It's the semiconductor solutions division of Merck, the $200 billion pharma and chemical company. They provide huge amounts of raw materials (Galium, silicon, etc.) to all the foundries and chip makers. No one has heard of them because they supply the stuff that makes the stuff that makes the chips.
In my opinion, this is where LWLG is positioning themselves. They will supply the materials to make the components to make the chips that make the internet go faster. Positioning themselves at the very beginning of the supply chain means their material will work its way into every foundry and every device much like silicon does today.
I just made it the first link in the message board intro under the Nasdaq listing picture. What a great interview on the eve of commercialization. Thanks Steve for posting!
Thanks for tracking this Rkf. I especially liked how you posted the weekly open close prices during the multiple run-ups and downs we've had in the last year. It definitely helps keep things in perspective.
Agreed that April will be our best month yet.
More details today of the Synopsis specific PDKs included in GlobalFoundries Fotonix platform. Synopsis supports Polymers.
https://www.gophotonics.com/news/details/2913-synopsys-provides-optocompilers-to-globalfoundries-to-build-photonic-enabled-chips
Definitely not my intention to take anything away from you having independently found that article and realizing the significance. Great discussions here lately!
My opinion on the article just put it in context for at least one version of reality. I’m glad you found that useful. I sure am excited to see everyone’s realities align with one another as the truth continues to be revealed. I think the cards have already been laid down. We are just waiting for the dealer (industry) to call the winner.
Sure thing F2, I had a fun trip down memory lane when putting it together. Have a great weekend! It feels as though we've made it through the actual and proverbial winter! Our time has come. Pitcook I hope you finally get your beach house in time for summer.
Hi Fruno and WayHaw, Totally agree with you! This is an important article. In case you missed it, this was #9 on my top ten favorite data points connecting LWLG to imminent mass-commercialization.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168202968
The article was brought to my attention by KCCO on March 11th on LinkedIn. Thanks KCCO!
This is spot on. You must either have worked for a public corporation or have a law background. Thanks for sharing your expertise.
Oh I certainly wasn't concluding anything with that one. Just saying that if we find out we are in fact working with GF, that 2021 press release will be incredibly funny in retrospect. I posted that message tongue in cheek (should have added "lol").
My personal favorite
From eight months ago:
"CEO Dr. Michael Lebby, Chairman of the ECOC Market Focus Committee, will participate in the Market Focus Session, which will include his presentation on Lightwave's implementation of electro-optic polymer modular platforms into foundry PDKs (process development kits) for mass production with global foundries"
I wonder how that conversation with their legal team went. They didn't capitalize it so it doesn't count. No NDA was broken. They were just referring to all foundries on earth. Ya know, like international foundries or all foundries worldwide, but surely not Global Foundries.
https://www.prnewswire.com/news-releases/lightwave-logic-invited-to-present-at-2021-european-conference-on-optical-communications-301343109.html
I'd like to add that the list was just my personal favorite top ten data points connecting LWLG to the Global Foundry PDK with Cisco, Broadcom, and Marvell. It was not a comprehensive list. There's more.
Another favorite was on 3/3/2022, MACOM released their 100Gbps per Lane Direct Drive: Demonstrating MACOM’s linear interface solutions for single- and multi- mode Direct Drive applications.
MACOM is tied to Global Foundries, Ayar Labs, and Broadcom. MACOM has also made two attempts at bringing polymers to market in the last decade. They are a component supplier in Global Foundry's PDK 1.0.
https://www.macom.com/about/news-and-events/press-release-archive/row-col1/news--event-archive/macom-to-showcase-advanced-semic
I said there are too many dots to connect for a message board post, but I'll give it my best attempt.
1) March 7, 2022 - GlobalFoundries announced it is collaborating with industry leaders including Broadcom, Cisco Systems, Marvell and NVIDIA.
2) Rewind to January 2021 and Cisco announces a collaboration with Inphi
"today I am pleased to announce a collaboration between Cisco and Inphi to cooperate on the definition of a CPO-based switch/optics solution to drive the industry forward and ensuring interoperability between silicon and optical engines from multiple different companies."
In that same announcement, they stated CPO can be expected in 2022.
3) The CTO of Inphi was asked what would drive the power savings of their CPO switch. He answered, "The use of a much lower power XSR Serdes or directly driving the optical tile from the switch is what going to reduce the overall system power."
4) Four months later Inphi was acquired by Marvell.
So now we have dots connecting both Cisco and Marvell to developing direct drive CPO switches in 2022 at 51.2T switches. We also have the companies quoting a 30% reduction in power consumption
5) Moving over to Broadcom, we see CPO deployments with the direct drive and 30% reduction in power consumption again.
We now have 3 of the 4 industry leaders using Global Foundries' PDK 1.0 all corroborating a 30% power reduction with direct drive CPO applications.
6) Facebook also recognizes 51.2T Switches to see the beginning of CPO deployment.
7) HG Genuine (Foundry) and the head of the Ethernet Alliance also mentions polymer modulators as the route to obtain direct drive CPO.
8) Jim Marcelli mentions 26% power reduction was achieved in February 2020 when the modulators were running at 2.6Volt with less than 1Volt in the future.
9) Andy Bechtolsheim, the famous engineer, lists Thin Film Lithium Niobate, Barium Titanate, Polymers, and graphene as the only solutions able to achieve 1Volt for direct drive.
Barium Titanate and graphene are still lab projects. This leaves polymers and TFLN. However, we see below that GF agrees there's a high level of difficulty with epi growth in a foundry setting. So this leaves polymers as the solution for low voltage direct drive modulators.
10) Michael Lebby (LWLG) and Andrew Yu (GF) discuss PDKs, how to decrease their cost, and the difficulty of epi growth in a foundry setting.
I would encourage a re watch of the entire interview with Global Foundries VP Andrew Yu.
If you are new to the company, the dots to connect seem faint and vague. However, if you have followed it closely since at least 2020, it is clear as day what is happening in the near term and with which companies. The LWLG CEO is an intellectual known for his conservative approach. Two years ago he was calling LWLG polymers "competing" technology. Then he softened the message to "additive". He then began a run at calling the polymers "transformational", a bit more assertive. Finally, within the last year he changed his message to "truly disruptive and ubiquitous mass-commercialization".
My personal conclusion is that we are doing business with nearly all of the aforementioned companies starting in 2022 for direct drive devices to save the data centers hundreds of millions of dollars on their power bill while tripling the speed of the internet.
References:
1) https://gf.com/press-release/globalfoundries-announces-next-generation-silicon-photonics-solutions-and
2) https://blogs.cisco.com/sp/co-packaged-optics-and-an-open-ecosystem
3) See the comments section of:
https://www.linkedin.com/posts/radhanagarajan_datacenter-activity-6754621185788661760-wfbf
4) https://www.marvell.com/company/newsroom/marvell-completes-acquisition-of-inphi.html
5) https://www.broadcom.com/info/optics/cpo#resources
6) At the 1:06:00 mark
The components used in the next generation of datacenter networks developed at silicon foundries are being decided today.
In other words, component decisions made today at foundries will result in market ready products in 2023 and 2024.
In other other words, foundries are making the decisions today on which components are built onto chips that will be integrated into transceivers and network switches available over the next two years.
One more way to say it is that LWLG will partner with foundries in 2022 for products released to the market in 2023-24.
One more more way to say it is that LWLG will have a commercial deal this year.
Now you are assuming your opinions into my words. What you just stated is not at all what I said and a mischaracterization of my research and conclusions.
You are clear-as-day taking my words, altering them, and saying them back to me as though the words came from my mouth. In an effort to prevent this from occurring again, I'm going to opt-out of future correspondence. You just showed your colors and intent.
Best of luck accomplishing your less than honest goals.