Saturday, May 18, 2019 4:39:43 AM
- In my opinion it was important that all important key persons of the board were present, including Joe Miller and Fred Leonberger.
- CEO Dr Michael Lebby responded to the shareholders' request to explain the business plan in more detail and to make it a less technical meeting.
- It is important that Lightwave Logic is in the commercialisation cycle and we are currently in the testing and evaluation phase, a phase that was not yet the case in the previous SHM.
- Several NDA's were signed with parties interested in polymers from different angles, from equipment suppliers to end-users.
- The Lightwave Logic solution achieves top scores in all compartments, especially with the new polymer announced in February, the reliability was further increased.
- Potential customers are interested, but want confirmation via data, especially with regard to reliability and durability.
- Previous experiences with polymers encourage caution and no company wants drastic changes without certainty about reliability and durability, this seems logical to me.
- Lightwave Logic carries out these tests over a period of 2000 and 5000 hours with different modulators and probably with the new material.
- This takes some time but Michael Lebby doesn't see any further obstacles
- Lightwave Logic now has all the possibilities to perform these tests, even at a capacity higher than 50GB.
- The development of a more than 100GB device is in full swing but this is a very complex operation.
- Lightwave Logic has its production facility ready and no further costs need to be incurred.
- The wafer facilities have been benchmarked and are certainly as efficient as others in the industry.
- The decision whether production will take place under own management or through contractual partners will depend on the demand of potential customers.
- Within the company there is a planning for income generation, but this cannot be communicated externally.
- Michael Lebby is in regular contact with potential customers, and incidentally mentioned that he recently had an interview with facebook without the intention that this would have further impact of course.
- Michael Lebby was also very pleased with the industry's recognition through the award for best PIC platform, mainly due to likely imperfections in the solution of key competitors such as Intel, Broadcom.
- All in all a positive meeting where no pain points emerged only the acceptance process that takes a considerable time
- Hopefully long term shareholders whose patience has been tested for a very long time will have the courage to sit through this process,and hopefully they will be richly rewarded for their patience.
Herman
Recent LWLG News
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