Lightwave Logic Inc (LWLG)

[prototype_101]

speaking of PhotonDelta, EFFECT Photonics adds €5 million via PhotonDelta

excerpt>
PhotonDelta is a European public/private partnership that seeks to accelerate the development and reduce the time-to-market of new technologies and applications. This mission includes offering funding. “EFFECT Photonics is a key player within our ecosystem, a frontrunner that develops and delivers complex integrated optical products in a high-volume global market that demands 5G connectivity now. To this end, we are thrilled to fund EFFECT Photonics in developing their products and scaling up their business,” said PhotonDelta CEO Ewit Roos. “Their products are supported by many other companies in the field of photonic integration services and components. Thus, the business growth of EFFECT Photonics has a profound impact as it leverages the scale of activity and innovation of the entire supply chain of integrated photonics in the Netherlands.”

https://www.lightwaveonline.com/business/companies/article/14040428/effect-photonics-adds-5-million-via-photondelta?utm_source=LW+Service+Providers&utm_medium=email&utm_campaign=CPS190923035&o_eid=7766C2153045D3R&rdx.ident%5Bpull%5D=omeda%7C7766C2153045D3R&oly_enc_id=7766C2153045D3R

I wonder what terms/conditions of this deal are for EFFECT, I suspect Dr Lebby is looking for a somewhat larger deal for LWLG