Some posts from the long past for reflection. While industry trends do seem to be in our favor, it's just so hard to tell where Lightwave fits in.
Sometimes it is helpful to review the history. Great expectations have been here for 15 years. Were they simply being overly optimistic,? While we'd like to think so, much of what they were saying back in 2008-2010 sounds a lot like what we are hearing still today. The long period of waiting has been a lot for shareholders to endure. And for me at least, the $5m in pre-revenue bonuses adds to the doubt.
2008 post441:
...it looks like they had Marcelli all lined up and ready to go. $174,000 a year base salary with a million restricted shares could turn onto a nice paycheck if he gets the ball rolling sometime soon. And vesting 1/4 ly for 3 years would suggest that he better get busy quick.
Hopefully the tests confirming all the claims will be done pronto. With all the shares/options/$$ they've issued this year alone, it's time for R&D to take a back seat to commercialzation.
Aug 2008 post 442: About Lightwave Logic, Inc.
Lightwave Logic, Inc. is a development stage company, moving toward prototype demonstration and commercialization of its high-activity, high- stability organic polymers for applications in electro-optical device markets. Electro-optical devices convert data from electric signals into optical signals for use in high-speed fiber-optic telecommunications systems and optical computers.
sept 19, 2008 post 443
As you are all aware, our company is on the verge of breaking through a scientific barrier that some scientists thought could not be penetrated. Based upon our previous testing, coupled with our continuing technical progress, I am optimistic that breaking this barrier is within our company's reach. Our intellectual property is our strength, and we believe our pending patent applications, both domestic and foreign, will have important advantages over current technologies in the high speed telecommunications and computation markets, both with regard to total cost, speed and high temperature stability.
Nov 3 2008 post 453:
As we worked over the past year to prepare and characterize material samples, spin-coat polymer-based thin films and measure electro-optic properties of these materials, we encountered unanticipated obstacles in both our development and testing programs as a result of the complexities of the science we are dealing with.
.. We have met every challenge that has been presented and within the next few months we are hopeful of getting the definitive results we have all been expecting."
May 20, 2009 post 492:
In conjunction with our testing, the Company is simultaneously working to develop strategic partnerships and material development contracts to meet unique customer application needs. We have developed, and we are continuing to develop, electro-optic polymers within our patent pending molecular architectures which we believe have a broad range of applications in Military, Aerospace, fiber-optic telecommunications and optical computing market segments. Jim Marcelli, the Company's CEO, noted that, "Independent market research reports project that the organic electro-optical materials market will cross $10.5 billion by 2011, and that the market segment for telecommunication non-linear electro-optic materials alone is projected to reach $1 billion by 2015."
June 5 2009 post 497
Lightwave is beginning the initial prototype of a phase modulator using our prototype photonic chip, scheduled for completion by the end of the third quarter 2009.
The company's business plan projections is to finish development and build functional prototypes of 40 Gb/s and 100 Gb/s modulators during the first and second quarter of 2010. As an electro-optic materials company we will now pursue partners and joint ventures to support the production and distribution of these products lines.
Our material test results have indicated the company now has the performance needed to move forward with commercialization of our game changing "Next-Generation Electro-Optic Material Platform" with both optical and thermal stability required to meet the performance requirements.
Jun 25 2009, post 513:
"These initiatives and timetables reflect a focused strategy to commercialize our platform with the requisite optical and thermal stability for the electro-optical materials market, which is expected to exceed $10 billion in 2010," said Mr. Marcelli.
Dec 15 2009, post: 571: investor perspective:
This is the first time LWLG has directly mentioned customers in any press release. With 100 prototype modulators completed and independent r33 testing now on the books, we are finally ready to distribute product to real commercial customers. For everyone who has followed the Lightwave Logic story up to this point, now is the time to really start paying attention here.
Feb 1 2019, post 584
As Lightwave Logic evolves from a developmental/technology stage to a material and product production stage, we expect that the company will report initial revenues in the 3rd and 4th quarter of 2010, and see meaningful revenues in 2011.
March 12 2010, post 594
"These successful test results now enable us to exit the scientific evaluation mode and move forward with the Application Engineering of our technology in customer design environments," stated Jim Marcelli, CEO. "We will now begin working directly with interested large system suppliers to attempt to engineer specific individual product materials and device designs for sale to or by these suppliers -- which substantially moves us towards the revenue stage of our development."
May 26 2010, post 660:
Over the past few months, we have moved our Electro-Optic Material discussions forward with a number of key target companies and organizations. We are at different levels of engagement with these potential customers. For example, we are now in the evaluation stage by a major company in its field of one of our patent pending Perkinamine electro-optic materials for use in one of its proprietary devices. Evaluations such as these include time consuming tests that are driven by "applications-specific" (ASEOP) needs, which may evolve and change over time as the customer learns how we can really "tune" our material platform for his unique application.
We continue to engage other top companies in the Micro-electronic components, Telecommunications/Data communications, computer and Military Aerospace markets as well as government agencies. Together these are multi-billion dollar markets, an enormous opportunity for our company.
On the government agency front we are working with DARPA, the Defense Advance Research Project Agency, by sharing the technical data and test results on our 'Next Generation Electro-Optic Polymer Material Platform'. Lightwave has previously worked with DARPA and believe our technology provides solutions to some of their current and future challenging projects.
We expect the company to report initial revenues in the 3rd and 4th quarter of 2010 ramping to more meaningful revenues in 2011.
