Lightwave Logic Inc (LWLG)

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Is this another avenue of revenue for the GOO to come through? The stock AMSC exploded like a GameStop earlier this week. Is this something the GOO can make better, or some sort o competition?

https://finance.yahoo.com/m/cb9b99cf-b44c-3d29-83ab-64ad3af77968/superconductors%E2%80%99-new-%E2%80%98lk-99%E2%80%99.html?siteid=yhoof2&yptr=yahoo

Superconductors’ New ‘LK-99’ Viral Moment Takes Investors for a Wild Ride
Share prices skyrocket, then sink, for companies that don’t even have a direct link to room-temperature superconductors
Aug. 4, 2023 8:22 am ET
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Semiconductor-linked shares surged this week on the Korea Exchange in Seoul, where performers marked 2023’s first day of trading in January. PHOTO: SEONGJOON CHO/BLOOMBERG NEWS
The hope and hype surrounding superconductors took off this week, as stocks with a perceived connection to the latest research swung wildly and videos by once-obscure scientists went viral.

Late last month, a group of scientists from South Korea and Virginia’s William & Mary, in two academic papers that had not undergone peer review, claimed a breakthrough that opened “a new era for humankind.” It relates to the so-called “LK-99” crystal, a superconductor that consists of a lead-based compound seasoned with copper.

The material, the group claimed, showed the properties of a superconductor which transmits electrical currents without resistance at room temperature and at ambient pressure—a long-running scientific pursuit that if valid would usher in generational advances in chips, power grids and computing systems.

The word “superconductors” trended widely online this week. Share prices surged for companies in the U.S., China and South Korea whose operations overlap with superconductors—and even some that lack a direct link—before the gains reversed late in the week. A video uploaded by Chinese researchers, who backed some of LK-99’s traits, attracted nearly 10 million views.

But many scientists see LK-99’s claims, for now, as more viral than verifiable. The fervor speaks to the immense potential of room-temperature superconductors as well as limited public understanding of the technology and its prospects. A superconductor refers to a material that conducts electricity without energy loss and expels magnetic fields while transitioning to the superconducting state, according to the U.S. Department of Energy.

The buzz around superconductors has remained elevated since March. That is when Ranga Dias, a physicist at the University of Rochester, published a piece in the prestigious journal Nature, arguing the rare-earth metal lutetium combined with nitrogen and hydrogen was a superconductor at a temperature of 69 degrees Fahrenheit. It also did so at pressures less extreme than what is required for many known superconducting materials. Dias’s claim and his prior work have been heavily scrutinized by his scientific peers, including accusations of fabricated data and plagiarism.

Like all previous reports of such “unidentified superconducting objects,” the South Korea-led group’s findings will be “taken seriously once other groups reproduce them and then weigh in on whether this is a true superconductor or just an unusual kind of diamagnet,” said Michael Norman, a condensed matter physicist with the U.S. Department of Energy’s Argonne National Laboratory.

Several efforts are under way to verify the LK-99 claims, including one led by Argonne. Some initial attempts at verification have shown promise, such as Lawrence Berkeley National Laboratory’s simulations that have supported LK-99 in theory. Others have concluded that the material doesn’t display the appearance of bulk superconductivity at room temperature.

They are reacting to a pair of papers posted last week by scientists, most of whom work for the privately held Quantum Energy Research Center in Seoul. They uploaded their findings to arXiv, a global repository for unpublished science research. One of the scientists also provided a video showing a small sample of the material partially levitated over a magnet in an apparent demonstration of superconductivity.

LK-99 is named after the initials of the surnames of two of the scientists—Lee Suk-bae and Kim Ji-hoon of the Quantum Energy Research Center—and 1999, the year the material was reportedly synthesized by them.

Quantum Energy Research Center didn’t respond to a request for a comment.

Some compounds composed of metals including aluminum, zinc, and mercury are known to exhibit superconducting behaviors, though only at extreme pressures and temperatures. That has made them unfeasible or impractical for widespread use.

The enthusiasm for LK-99 triggered wild stock swings. Given the current concentration of manufacturing expertise in Asian countries like South Korea, Japan and China, it is highly probable that companies from these countries would play a significant role in developing and implementing superconductors when they are ready for more practical applications.

Several little-known South Korean companies with presumed ties to superconductors received investor warnings after share prices skyrocketed. One, Sunam 294630 29.94%increase; green up pointing triangle, which makes high-temperature wiring and electromagnets involved in superconductors, hit the daily maximum level of 30% gains for three straight days. Trading of Sunam shares were halted Friday for one day after surges that occurred after the warning. Another company, Mobiis 250060 -28.30%decrease; red down pointing triangle, involved in nuclear fusion and particle-accelerator technologies, rose 19% this week through Thursday, then fell roughly by 28% by Friday’s close.

Despite having no involvement in superconductors, a third South Korean company, Shinsung Delta Tech 065350 -24.65%decrease; red down pointing triangle, hit maximum gains on Tuesday and Wednesday before selling off. The rise came from Shinsung’s ownership stake in a venture-capital firm that has invested in the Quantum Research Institute.

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