Lightwave Logic Inc (LWLG)

[frobinso]

Could also mean that say in the case of Global Foundries (and say our tech is involved), working as foundry to supply other partners, that LWLG gets material sales from the foundry:
From there you have scenarios such as:
GF has their own design that uses perk that uses none of LWLG designs, possible still requires a royalty depending on IP needed to produce.
GF is producing one of LWLGs designs, such as slot modulator, additional royalty in addition to material sales based on use of LWLG slot modulator design
GF is producing for a partner in the GF Fotonics alliance who perhaps must license with LWLG (a follow-on licensee) & same scenarios, brings their own design or uses LWLG design.
There are many possibilities.

Did I read somewhere that the royalty was based upon Gross Sales? I think so, doesn't that mean that we would benefit from special runs that are higher margin for the foundry - that by our licensing based upon gross sales we are not leaving money on the table that we should share in....pretty sure I read based on gross sales, yet noone has mentioned the implications to my knowledge.

That also means that words spoken at the ASM that they were not going to leave money on the table now has legal precedence in their first commercial contract.