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Lightwave Logic Polymer Material Demonstrates World-Class Enhanced Stability in Polariton's Plasmonics Platform
PR Newswire
ENGLEWOOD, Colo. and RUSCHLIKON, Switzerland, March 22, 2022
World-class Results Presented in Peer Reviewed Paper at Prestigious Optical Fiber Conference (OFC 2022)
ENGLEWOOD, Colo. and RUSCHLIKON, Switzerland, March 22, 2022 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power, today announced the achievement of world-class results for a polymer modulator, as demonstrated in an enhanced stability and high-speed measurement by Polariton Technologies and ETH Zurich.
Lightwave Logic, Inc. Logo (PRNewsfoto/Lightwave Logic, Inc.)
The results were generated using the Company's proprietary, advanced Perkinamine™ chromophores in Polariton's silicon-photonics-based plasmonic racetrack modulator that offers energy-efficient, low-loss, and high-speed modulation in a compact footprint that is ideal for pluggable and/or co-packaging transceiver modules. The POH modulator used a resonant racetrack geometry to form a micro-ring modulator (MRM) using the structure reported last year.
The world-class results were presented as a contributed peer-reviewed paper at the prestigious 2022 Optical Fiber Conference (OFC2022), the optical communication industry's leading international technical conference and trade show, in San Diego on March 10, 2022.
The plasmonic modulator performance was compared to that of silicon photonic microring modulators. The plasmonic device, using Lightwave Logic's electro-optic polymer material, was shown to be 250-3000x more stable than the silicon devices relative to operating condition changes. In addition, the plasmonic modulator was tested for 70+ minutes at 100 Gbps NRZ at 80C with no decrease in performance.
"This result showing third party review and verification of stability and high-temperature operation illustrates once again that our electro-optic polymer materials platform is truly world-class," said Dr. Michael Lebby, Chief Executive Officer of Lightwave Logic. "Our polymer materials are clearly poised to not only change internet optical networking, but to become ubiquitous in their use across the internet.
"Through our collaboration with Polariton, we have again achieved world-class results using our material for high speed, low power polymer modulators, and now that the industry has publicly indicated that these types of modulators are key for lowering power consumption in datacenter/telecommunications systems, 2022 is shaping up to be an extremely exciting year for Lightwave Logic," concluded Lebby.
Dr. Wolfgang Heni, Co-CTO at Polariton, added: "Polariton has continued to enhance the performance of plasmonic modulators using polymer technology. This is another step towards our goal for faster optical communications with a scalable platform that is perfect for photonics integration and low power consumption. Our recent performance enhancement of a plasmonic racetrack modulator demonstrates the simplicity of integrating plasmonics, silicon photonics, and organic polymer electro-optics for high-speed and energy-efficient components. We are again pleased to have worked with Lightwave Logic, providing us with high-performance and reliable Perkinamine™ chromophores for these world-class results. Together, we plan to revolutionize the future of the internet through adoption of electro-optic polymer materials."
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) is developing a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power. The Company's high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the Company's website at lightwavelogic.com.
About Polariton Technologies Ltd.
Polariton Technologies is on a mission to revolutionize the future of telecommunications by accelerating information transport and reducing its power consumption. Polariton is providing the world's fastest, most compact, and energy-efficient electro-optic devices with applications in telecommunications, datacenters, wireless communications (5G/6G), space, and sensing. Founded in 2019, Polariton is a spin-off of ETH Zurich, taking pride in teamwork, clear and effective communication, and curiosity. Discover more about us at polariton.ch or follow us at LinkedIn @polariton-technologies
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company's control.
Lightwave Logic Investor Relations Contact:
Greg Falesnik or Luke Zimmerman
MZ Group - MZ North America
949-385-6449
LWLG@mzgroup.us
www.mzgroup.us
Polariton Media Contact:
Helena Echeverri
Marketing Manager
helena@polariton.ch
www.polariton.ch
View original content to download multimedia:https://www.prnewswire.com/news-releases/lightwave-logic-polymer-material-demonstrates-world-class-enhanced-stability-in-polaritons-plasmonics-platform-301507539.html
SOURCE Lightwave Logic, Inc.
Same here, Mickey was an original.
Would be nice to have olddog pop in.
I think JimLur is in touch with loophole and hope to see him here. He's a good man.
Need to invite my3sons to do some DD.
So good to know you’re here Loop! Best to you and please don’t be a stranger. Your opinion (IMO) is always highly regarded.
I'm seeing the original wording both places. I kept the Roth tab open from the day of the presentation and it is in agreement with the website. Strange?
frobinso, what link are you checking today? They both look the same to me, but I may not be on the same page.
Yes, Russell and NASD both getting pushed around.
This may seem nit-picky and it is, but I've always wondered why Lebby hasn't changed the wording "10X less power" to "1/10 current power requirements" or "reduces power usage by 90%".
In my view, "ten times" generally fits better with "more" rather than "less". May be a language thing, but "10X less" doesn't have the same impact. IMO
For example, if you sell a candy bar for $2 and I claim to sell it for 1X less, wouldn't that mean mine are free, since 1X $2 is $2? 10X less would mean I'm paying you $18 to take mine.
The best Dead song, period.
No, but shorts might want to take notice that it's World Plumbing Day in case they feel the urge.
Volume seems decent
Beats me, my hope is we're in there.
frobinso, it was Dylan Patel and there were no comments about LWLG in the article. See this post by KCCO.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167583560
I was just reporting what SemiAnalysis said, in response to Heylbroeck's request. I know nothing about Fabrinet.
It's Fabrinet.
Ditto.
Tleprathy was seeking POSSIBLE, optimistic explanations based on speculation.
MACOM Introduces 128GBaud Products for Coherent Applications
MACOM Technology Solutions Inc. (“MACOM”) today announced availability of its 128 GBaud Transimpedance Amplifiers (TIAs) and Modulator Drivers for coherent optical networking applications. MACOM’s new products support long-haul, metropolitan and Data Center Interconnect (DCI) optical module applications.
Secular growth in metropolitan and DCI infrastructure is driven by 5G expansion, high speed connectivity to the home to support business and infotainment, and expanding cloud services across the globe. Coherent optical connectivity solutions are attractive to network operators because they support longer distances than PAM-4 solutions, with modulation that can enable data rates up to and beyond 800 Gbps on a single wavelength. The trend to build high data rate coherent systems creates the need for linear high performance modulator drivers and TIAs.
MACOM’s new dual-channel TIA MATA-012803, quad-channel TIA MATA-012403 and quad-channel driver MAOM-012408 offer high bandwidth, low noise and low power consumption. These devices enable Integrated Coherent Receivers (ICRs), High Bandwidth Coherent Driver Modulators (HB-CDMs) and Integrated Coherent Transmit-Receive Optical Sub-Assemblies (ICTROSAs) operating from 800 Gbps up to1.6 Tbps in Telecom and DCI applications.
MACOM’s linear TIAs feature excellent noise performance, greater than 30dB of dynamic range, and more than 80 GHz of bandwidth. The modulator driver can deliver high gain with digitally controllable peaking response and linear output voltage compatible with leading-edge Mach Zehnder (MZ) optical modulators.
We invite our customers to meet with MACOM’s engineers to learn about our newest products the week of the Optical Fiber Communication Conference and Exhibition (OFC), March 8 – 10, 2022 in San Diego, California. To learn more about MACOM’s complete portfolio of products for optical communications, visit: www.macom.com/applications/optical-networking.
About MACOM
MACOM designs and manufactures high-performance semiconductor products for the Telecommunications, Industrial and Defense and Datacenter industries. MACOM services over 6,000 customers annually with a broad product portfolio that incorporates RF, Microwave, Analog and Mixed Signal and Optical semiconductor technologies. MACOM has achieved certification to the IATF16949 automotive standard, the AS9100D aerospace standard, the ISO9001 international quality standard and the ISO14001 environmental management standard. MACOM operates facilities across the United States, Europe, Asia and is headquartered in Lowell, Massachusetts. To learn more, visit www.macom.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220308005092/en/
Ozzie Billimoria
978-935-6569
The new patent just hit.
Lightwave Logic Secures New U.S. Patent Simplifying Modulator Integration for High-Volume Foundry Manufacturing Operations
Invention Also Facilitates Improved Polymer Modulator Performance, Enabling Higher Internet Traffic and Decreased Power Consumption
PR Newswire
ENGLEWOOD, Colo., March 7, 2022
ENGLEWOOD, Colo., March 7, 2022 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power, today announced the receipt of a new U.S. patent on an invention that will simplify modulator integration for high-volume foundry manufacturing operations while enhancing polymer reliability to enable a more effective photonic engine.
Lightwave Logic, Inc. Logo (PRNewsfoto/Lightwave Logic, Inc.)
U.S. Patent number 11,262,605 illustrates the design of a monolithic photonic integrated circuit (PIC) that utilizes very high speed, low power proprietary polymer modulators that will enable much faster data rates for data communications, telecommunications, and data rich environments. The essence of the invention is a complete optical engine that fits into fiber optic transceivers (either pluggable or co-packaged) that are used in routers, servers and elsewhere in optical networks. The engine is designed for high-volume manufacturing operations using silicon foundry infrastructure.
The patent details polymer modulators, waveguides, and low-optical loss coupling designs together with a laser for light emission. The patent is entitled, "Active region-less polymer modulator integrated on a common PIC platform and method" and is expected to enhance the opportunity for electro-optic polymers in future transceiver products.
Dr. Michael Lebby, Chief Executive Officer of Lightwave Logic, commented: "This is yet another important patent that allows our polymer technology platform to turbo-charge both integrated photonics platforms as well as fiber optic transceivers that are already being utilized by the millions on the internet. The patent illustrates the use of our polymer modulators as a high speed, low power engine not only for data communication and telecommunication applications, but other new market opportunities as well.
"This is incredible, and gives us the opportunity to change our customer's businesses through high speed, low power integrated photonics performance. With this invention we can change the internet and enable faster data – which we as consumers all want as we use video platforms to work, play, and connect," concluded Lebby.
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) is developing a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power. The company's high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the company's website at lightwavelogic.com.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the company's control.
Investor Relations Contact:
Greg Falesnik or Luke Zimmerman
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
Re: Looking forward to tomorrow. ;)
Actually no - it's all old stuff.
This might thicken the plot a little. Note who was CC'd on this.
https://static1.squarespace.com/static/5d4d9b6e6ff1830001320824/t/5edbc8a01cb539389956841c/1591462049844/TM-Ambature-2016-01-Cryo+Polymer+Resins.pdf
More on Davis Hartman - he and Lebby are joint holders of about 34 patents, according to Justia.
https://ambature.com/davis-hartman
Here's Lebby at Ambature.
https://ambature.com/team
https://ambature.com/michael-lebby
And this might add some interesting bits.
https://www.prnewswire.com/news-releases/breakthrough-test-results-using-new-superconductor-material-announced-by-ambature-301328334.html
That's interesting - my order @ $5.99 was partially filled at 3:13 pm and was never completely filled. I assume your order was made prior to 3:13?
My standing order for the other 400 shares at $5.99 went unfilled.
Got 600 of 1k at $5.99
Why? It isn't gonna stay there if it even gets there.
.70 $111.8 MILLION
WILMINGTON, Del., Feb. 17, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced results for the fourth quarter and full year ended December 31, 2021.
“We closed 2021 by signing five license agreements in the fourth quarter, bringing the total number of new license agreements, including renewals, for the year up to a record of 13,” said Liren Chen, President and CEO of InterDigital. “These agreements reflect both our customers’ respect for the strength and value of our innovative technologies as well as our ability to execute across our business.”
Fourth Quarter 2021 Financial Highlights
Total revenue of $111.8 million increased 23% from $90.8 million in fourth quarter 2020. Recurring revenue was $101.6 million, compared to recurring revenue of $89.1 million in fourth quarter 2020. The increase in both total and recurring revenue was primarily driven by additional revenues from new patent license agreements signed in 2021.
Operating expenses were $86.2 million, compared to $87.7 million in fourth quarter 2020. Fourth quarter 2021 operating expenses included $7.6 million in restructuring costs.
Income from operations was $25.6 million, compared to $3.1 million in fourth quarter 2020.
Net income1 was $21.9 million, or $0.70 per diluted share compared to net loss1 of $1.4 million, or $(0.04) per diluted share, in fourth quarter 2020.
The company generated $71.2 million cash provided by operating activities, compared to $19.3 million in fourth quarter 2020, and $65.3 million of free cash flow2, compared to $10.4 million in fourth quarter 2020. These changes were primarily driven by cash collections from new agreements signed in 2021. Cash and cash equivalents, restricted cash and short-term investments totaled $948.6 million on December 31, 2021.
Full Year 2021 Financial Highlights
Total revenue of $425.4 million increased 19% from $359.0 million in full year 2020. Recurring revenue was $351.7 million, compared to recurring revenue of $336.8 million in full year 2020. The increase in both total and recurring revenue was primarily driven by additional revenues from new patent license agreements, partially offset by a reduction in recurring revenue due to a handset manufacturer exiting the business, as previously disclosed.
Operating expenses were $354.2 million, compared to $303.8 million for full year 2020. The increase was primarily driven by $27.9 million of restructuring charges and a $18.3 million share-based compensation cost increase in 2021, with the remaining increase related to revenue share and litigation, partially offset by one-time costs in 2020.
Income from operations was $71.2 million, compared to $55.2 million in full year 2020, a 29% increase year-over-year.
Net income1 was $55.3 million, or $1.77 per diluted share, compared to $44.8 million, or $1.44 per diluted share, in full year 2020.
The company generated $130.4 million of cash provided by operating activities, compared to $163.5 million in full year 2020 and $94.5 million of free cash flow2, compared to $121.1 million for full year 2020. The decrease was driven by the increase in operating expenses.
Near-Term Outlook
The company expects total first quarter 2022 revenue to be between $95 million and $100 million, comprised almost entirely of recurring revenue.
This revenue guidance does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of first quarter 2022.
Conference Call Information
InterDigital will host a conference call on Thursday, February 17th, 2022 at 10:00 a.m. ET to discuss its fourth quarter and full year 2021 financial performance and other company matters.
For a live Internet webcast of the conference call, visit http://www.interdigital.com and click on the link to the live webcast on the Investors page. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference call, dial +1 (888) 394-8218 within the United States and Canada or +1 (323) 701-0225 from outside the United States. Please call by 9:50 a.m. ET on February 17th and give the operator conference ID number 3170663.
An Internet replay of the conference call will be available on InterDigital’s website in the Investors section. In addition, a telephone replay will be available from 1:00 p.m. ET February 17th through 1:00 p.m. ET February 22rd. To access the recorded replay call, dial +1 (888) 203-1112 or +1 (719) 457-0820 and use the replay code 3170663.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit the InterDigital website: www.interdigital.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, our belief that we will continue to be able to execute strongly on our business during the ongoing COVID-19 pandemic. Words such as “believe,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” “goal,” “could,” "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are made on the basis of management’s current views and assumptions and are not guarantees of future performance. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays, difficulties or accelerations in the execution of patent license agreements; (ii) our ability to leverage our strategic relationships and secure new patent license agreements on acceptable terms; (iii) our ability to enter into sales and/or licensing partnering arrangements for certain of our patent assets; (iv) our ability to enter into partnerships with leading inventors and research organizations and identify and acquire technology and patent portfolios that align with our roadmap; (v) our ability to commercialize our technologies and enter into customer agreements; (vi) the failure of the markets for our current or new technologies and products to materialize to the extent or at the rate that we expect; (vii) unexpected delays or difficulties related to the development of our technologies and products; (viii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the 2017 Tax Cuts and Jobs Act, as well as further guidance that may be issued regarding such act; (ix) risks related to the potential impact of new accounting standards on our financial position, results of operations or cash flows; (x) failure to accurately forecast the impact of our restructuring activities on our financial statements and our business; (xi) the resolution of current legal proceedings, including any awards or judgments relating to such proceedings, additional legal or regulatory proceedings, changes in the schedules or costs associated with legal proceedings or adverse rulings in such proceedings; (xii) the timing and impact of potential administrative and legislative matters; (xiii) changes or inaccuracies in market projections; (xiv) our ability to obtain liquidity though debt and equity financings; (xv) the potential effects that the ongoing COVID-19 pandemic and/or corresponding macroeconomic uncertainty could have on our financial position, results of operations and cash flows; and (xvi) changes in our business strategy.
We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.
Footnotes
1 Throughout this press release, net income and diluted earnings per share (“EPS”) are attributable to InterDigital, Inc. (e.g., after adjustments for non-controlling interests), unless otherwise stated.
2 Free cash flow is a supplemental non-GAAP financial measure that InterDigital believes is helpful in evaluating the company’s ability to invest in its business, make strategic acquisitions and fund share repurchases, among other things. A limitation of the utility of free cash flow as a measure of financial performance is that it does not represent the total increase or decrease in the company’s cash balance for the period. InterDigital defines “free cash flow” as net cash used in operating activities less purchases of property and equipment and capitalized patent costs. InterDigital’s computation of free cash flow might not be comparable to free cash flow reported by other companies. The presentation of free cash flow, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of free cash flow to net cash used in operating activities, the most directly comparable GAAP financial measure, is provided at the end of this press release.
Newer, slower loading PLUS no way to edit messages! Two thumbs up!
Not sayin' that "photonics expert" described Koog - but somehow I think White Diamond isn't real particular when it comes to credentials.
LOL - that might have been Koog. Maybe the new investigation prompted his "retirement".
How about this?
I own the $10 million house your wife wants and I have a cash offer on the table. You have no cash, just stock. You also have a ton of options coming down the road.
You love your wife.
There's your answer.
All Lightwavians! If you have a Netflix subscription you must see "Disenchantment" Season 4 Episode 1 from the 6:15 to 7:10 minute mark.
You will not be disappointed! LWLG related. This is a promise.
Could it be that you’re the scam?
I wonder how much was spent on the first iPhone? I like my iPhone 11 a lot more and they’re still making improvements.
Is mula pate anything like foie gras? Those MMs are pretty far up the food chain. Maybe mula pate is ground up Benjamins. Or Soylent Green.
Oops, sorry Meghan, that reply was to an earlier post!
Depends on how cheap but I'm not in love with my shares.