Lightwave Logic Inc (LWLG)

[ProfitScout]

Buyers walked LWLG up to .99 today. This was probably in anticipation of an announcement from the company soon based on the statement below from the last 10Q. (Note: LWLG's third quarter ended today).

In August 2009, we retained Perdix, Inc. to help us identify and build prototype products for high growth potential target markets in fiber optic telecommunications systems. We expect an initial prototype of a functional phase modulator that utilizes our prototype photonic chip to be completed by the end of the third quarter 2009, and we anticipate completing the development and building of functional prototype 40 Gb/s and 100 Gb/s modulators during the first and second quarter of 2010. However, we may incur delays in this process due to slower than expected material production within our laboratories and/or delays caused by the production of the modulator and testing procedures.

Source: http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6757364