Lightwave Logic Inc (LWLG)

[Richard_LaRiv]

Commercialization (via the first major revenue event) begins with the first foundry deal this year, not in 2024 during "commercialization ramp".

This is straight from the company during the shareholder meeting Q&A session in response to a question Egidio77 asked at 1:03:50 to clarify the difference between partnership and commercialization.

"When you take a look at the royalty plan, There's dollars that come into our pocket when someone signs up, Ok. And then there'll be royalties based upon the devices that they sell. And I think tech transfer really gets into where you're working with the foundries, working very tightly with the foundries to come up with the different PDKs, which means you just don't hand them a recipe and turn them loose. We have to work with them and gets lots of wafers back, test those wafers, go back to them, because we have to give them feedback on everything before we, ya know. So I think that's where the tech transfer is, versus just if we have all these patents and you want to use it for type X work. Then we could just give it to you and you'll just pay us a fee for doing that. The tech transfer means we are working very closely with them, and we're doing that today. And by the way, they are excited to work with us."

-Jim Marcelli, COO