Lightwave Logic Inc (LWLG)

[tkg]

Relating to the June 23' commercialization pr...

Lebby said the deal runs for at least four years. In addition to a license initiation fee, the agreement covers per-unit royalties, minimum royalty levels that increase annually, and minimum sales volume in units.

The deal marks commercial acceptance of Lightwave Logic’s technology and approach, Lebby asserted. He added he is pursuing other license opportunities that may be the subject of similar announcements in the not too distant future. Pursuit of such license agreements is part of what Lebby describes as a three-pronged approach towards commercialization, alongside development of the company’s own chips and technology transfer. He says that examples of Lightwave Logic’s own chips are returning from multiple fabs, setting the stage for additional prototyping efforts. He revealed that significant developments in this area are on tap for later this year.


https://www.lightwaveonline.com/optical-tech/components/article/14294661/lightwave-logic-reaches-electrooptic-polymer-materials-commercialization-with-supply-license-agreement