Lightwave Logic Inc (LWLG)

[jacksonjohn]

Here is what Bard told me

LWLG, or Lightwave Logic, Inc., recently announced a commercial deal with Sumitomo Electric Industries, Ltd. (SEI). The agreement will see LWLG provide SEI with its Photonic Integrated Circuit (PIC) technology for use in SEI's next-generation optical communications products.

The terms of the agreement are as follows:

LWLG will provide SEI with its PIC technology for use in SEI's next-generation optical communications products.
SEI will pay LWLG a royalty on each PIC that is sold.
The agreement is for a period of five years.
This agreement is a significant development for LWLG as it marks the first time that the company's PIC technology has been licensed to a major telecommunications company. The agreement also provides LWLG with a significant revenue stream as it will receive royalties on each PIC that is sold.

The agreement is also a significant development for SEI as it gives the company access to LWLG's leading-edge PIC technology. This technology will help SEI to develop next-generation optical communications products that are faster, more efficient, and more reliable.

The agreement between LWLG and SEI is a major step forward for both companies. It is a sign of the growing demand for LWLG's PIC technology and it will help SEI to develop next-generation optical communications products that will meet the needs of the telecommunications industry.