Lightwave Logic Inc (LWLG)

[c3po_3]

Why would Foundry(s) agree to this?
If LWLG doesn't have the disruptive and ubiquitous technology, why would a foundry agree to this? See Second Quarter 2023 Corporate Update.
"Management Commentary

"The second quarter of 2023 was by underscored by our first commercial agreement - a milestone achievement for Lightwave Logic that we are incredibly proud of," said Dr. Michael Lebby, Chairman and Chief Executive Officer of Lightwave Logic. "Our initial commercial material supply license agreement validates the market acceptance and competitive advantage of our technology and will provide Perkinamine® chromophore materials for polymer based photonic devices and photonic integrated circuits (PICs). The agreement includes a license initiation fee, per unit royalties, minimum royalty levels that increase annually, and minimum sales volumes in units. Supplying licensed materials further validates a first prong of our three-prong revenue model and business strategy that includes 1) technology transfer and partnering with foundries, transceiver companies etc., 2) selling product with polymer based photonic integrated circuits (PICs), and 3) commercial licensing of our chromophore materials."
Second Quarter 2023 Corporate Update