OK I cannot give you the exact time frame but it was probably 10 or 11 years ago. I went into get my taxes done just as Fred Jr was walking out, I overheard something about how he lost his funding and is not sure what he can do. At the time is was explained as a way for the computers to communicate faster and they said without wires. So I started looking into it, at the time it looked to me like Lumera was given all of the funding, when I looked into it appeared that Larry Dalton at the U of W (IMO on a quest for a Nobel Prize) was calling the shots on whatever committee it was that I found. Fred Jr. would say things like, “No way X that material is going to succeed it is far away to fragile, they will get it to work but it simply is not practical.” He’d go over the double bonds, rotating about the pibonds, requiring protection from air, etc. Fred did not know how to raise money so he went to someone who had just hit it big by taking his company public, Mike, so Mike set up UCMT and took Lightwave public for him. Folowing that they went though 2,3,4 CEO’s something like that. The Goetz’s and Andrew didn’t really know how to run a company, IMO they overpaid for services with too any shares etc. OK meanwhile The U of W passed their super duper technology to Lumera for shares then immediately sold all ownership, they (Lumera) went through a few CEO’s I think the last one quit and they couldn’t find a replacement, the bottom line was that they ended up giving 6 million Dollars of the tax payers money that was funneled to them away from LWLG to Gig Optix, Gig gave them 3 million shares of the company that he (Avi) created from the assests of a company (creative financing)that were basically taken from shareholders in one of the largest bankruptcy, Ponzi schemes DBSI (google it, it is still in the courts down the street here in Delaware) anyhow they did a 1 for 8 reverse split, the stock tanked from like 50 Bucks to a Dollar, whatever,, anyhow it basically proves that what Fred said when he ran into me that day was obviously true. At the time it appeared that the 2 technologies, Lumera and Lightwave were in fact in completion and what he said to me was true. OK back to Lightwave, shortly after Marcelli came onboard Fred was in a terrible accident (I did not find out for about 1 year, thank god or I would have sold), I think it was Bim or Mike brought in Fasick. It looked to me like Eaton, Fasick, Mom Goetz, Andrew and a contingent of DuPont guys were somehow able to recreate what Fred Jr. was doing because I don’t think that he kept detailed notes. Smitty was on the BOD then, JM was the CEO we (the shareholders) basically rose up and somehow were able to effect a change, Zelibor became the CEO, Smitty stepped down, Joe Miller came onboard, (oh Turpin was around for a LONG time before all of this), JM moved over, Miller brought Glasgow, they brought in Babu and the lab guys, they set up a new lab, Opsys moved from U of Washingon, BSmith went to Intel, A guy that worked for both Miller and Leonberger is now heading up Opsys, EM (I forget his name) photonics couldn’t make it work, Z dumped all 964 Universities working with Lightwave and you pretty much know the rest of the story. Bintz etc.
I’m not proofing it, I apologize for leaving out names and I probably have the time frames a little screwed up but as far as the technology 10-12 years ago and even pretty much to today, Larry Dalton is the God in this field. He may be loosing his grasp as evidenced by Hochberg/Opsys moving to Newark. Again Thanks to the Ross Fasicks, Joe Millers, Fred Leonbergers and Terry Turpins of the world because they can absolutely command an audience with any fortune 500 in the company.
I’m not proofing it.
Oh crap I just looked at your post you are asking what they do, after all that, they change Light (Laser) with a dye using either Electricity (2nd Order) or Light (3rd Order).
X
