Nick,
Take a look at X's post that Proto sticky'd up top: #27009 X's, Lightwave Logic 101 For Beginners
I can add some color for the non-tech savvy investor. The internet and cloud that you always hear about is actually just a network of physical storage containers (servers) full of information in the form of bits, ones and zeros. These bits are stored in powerful computers/servers inside data centers in the form of electrons or electrical impulses. Think of Morse code, but on a grand scale almost unimaginable. A "one" is the electrical impulse turned on. A "zero" is the electrical impulse turned off. In Morse code, the person on the other end is receiving words in the form of electrical impulses. A phone/laptop/tablet can receive full images/videos/files etc. from receiving these electrical impulses since it can receive and sort them at a much higher rate than our ears and brain.
For example, when you attempt to pull up a webpage or download a new song or movie from your phone, a query is sent to one of these data centers. The servers pull up the information requested and then send it to you. Here is the catch. Electrons attenuate over long distances, meaning the signal loses power quickly and is not strong enough for the receiving device to hear it. This happens in about 500 feet over copper ethernet cable.
Therefore, the entire backbone of the internet is made up of fiber optic cable. Fiber is made of very thin strands of glass and it carries the information bits in light impulses via a laser, in the same way ethernet carries electrical impulses on copper wire. Think of an S.O.S. signal on a boat. It turns that flashlight on and off in a specific order so that the receiver can understand a message that the boat is in trouble. This is how information is sent using light impulses over fiber.
Since the servers and your personal electronic devices compute using electrons, these electrons must be turned into light (photons) in order to make the long journey from the data center to your device.
THIS IS WHERE LWLG COMES IN! The device that converts this signal is called a modulator. It modulates the electrical signal to a photonic signal on one side, then demodulates the photonic signal back to an electrical signal on the other side. There are two distinct market segments that require modulators: Telecom and Datacom.
Telecom - Metro, long haul, etc. Think of the fiber backbone across the United States i.e. Verizon.
Datacom - Inside data centers. Data centers are getting so large and require so much speed, that fiber is needed for the servers just to talk to one another inside a super data center. This is where the big money is because each data center requires 10's of thousands of devices.
LWLG is developing a Polymer (plastic) to replace the current technology which is too expensive, runs too hot, requires hermetic packaging, requires too much power, and is too big.
If they can address the data center market with a competitive product, they will be addressing a 5 billion dollar annual market by 2025.
Their method for addressing this market is to first develop a 100Gbps modulator, made of 4 channels at 25Gbps. Dr. Lebby stated that this will be completed and sent out for customer evaluation by the end of the year.
Next will be a 50Gbps modulator and multiplex it to create 8 channels, for a total of a 400Gbps modulator device. The 50Gbps prototype will also be completed by end of year so they can begin to gang it together for the 400Gbps device.
The Polymers used in LWLG's devices are patented and/or protected by trade secrets.
