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Replies to post #149871 on Lightwave Logic Inc (LWLG)
These are new pictures. You can see here different types of SCMs from foundries. I’m not going to get into a lot of details of the foundries. But I think the message here today is we’re receiving devices back from foundries with great performance. These are new SCMs for a lot of you. I think I’ve got another one here that is really exciting from our standpoint. If you looked at our press releases late last year, we did an acquisition of a company called Chromosol. The core skills with a technology called atomic layer deposition really improved with that acquisition. We also got some IP and some patents.
What I’m showing here is an SCM of what ALD is. It’s atomic layer deposition of a dielectric-based encapsulation. You can use this for chip scale packaging. What it does is it seals the polymer in. It’s like it puts a container like a package over the material and protects the material from the elements of the atmosphere. A lot of people use ALD techniques. In fact, if you look at the OLED industry, the organic LEDs, they do exactly this to protect the polymers on the displays you look at every day. We’ve taken this technology. We worked it in terms of low-temperature performance.
This is an FIB analysis of what it looks like. You can see here there’s 130-nanometer, is very clean. It’s a lovely barrier, and we’re doing some really nice work here. It’s a clean, high-quality interface. This is some of the work we’ve done since we did the Chromosol acquisition, and this is really exciting.
Polymer stability, and this is not meant to be a technical [Indiscernible]. I don’t expect everybody to be super technical PhDs in the audience. But one of the things the end users ask us is, what is the reliability and the stability of this material. We’ve hired [Indiscernible] here as Director of Reliability and he’s putting together a first class reliability team to make sure we not only have two of these graphs, but a lot more of these graphs because this is what the end users want to see.
Now the top one just shows you thermal stability. There’s 400 hours, but you can see here the change in V-Pi is minimal. This is at a stress at 85 degrees. This is a thermal stability test. You can see the results are looking really nice. Obviously, we’re going to keep these in the oven and keep this going. In terms of photo stability, I just wanted to show there was a whole bunch of questions have you done more than 5,000 hours. This is running about 9,000 hours, with pretty good optical intensity of 1,550.
We’re getting some really nice performance here over the long term. This is going to increase this year and it’s going to increase next year, and everybody wants to see this type of data because this is exactly what happened in the OLED business about 10 years ago. They asked for data like this. Once they saw data like this and then everything ramped up. Reliability data set is being built for end-user valuation.
Let’s talk about commercial strategy and activity. This is our business model. It hasn’t changed since the last slide I gave you. It’s this three pronged approach where you’ve got product sales, patent licensing and tech transfer. That hasn’t changed. The technology that falls into this is the Chromophore and polymer matrix IP, Perkinamine series materials, devices and PIC architecture IP, fabrication and processing, high-speed package and assembly design IP. What that will bring is obviously the output, what everybody here wants to see, which is license and royalty fees, device and PIC, optical subassembly sales, technology transfer license, royalty fees and tech transfers, too. The goal here with this business model is to become a leader in the engineering and manufacturing of electro-optic partners.
With this, I think most folks have seen this slide before. These are the representative interactions for all levels of the value chain from optical component suppliers to high-speed optics manufacturers to optical networking equipment companies, to the Internet service providers, which really influence all these levels. There’s many verticals here. But these companies are all sort of part of the optical network and they make the infrastructure for the Internet. These are the type of companies that will use our technology.
You can’t do licensing without a strong patent portfolio. The patent portfolio is really based on materials. That’s the Perkinamine series, the device, PIC fab and design, the optical subassembly package concept just like the atomic layer deposition that I showed you. Obviously, new patents that we want to acquire and file continuously. But what it really boils down to is we’re developing a polymer-based technologies for licensing that really will engage with the Internet and optical networking and data centers. We’re creating a strong moat and know how to carve leadership in the high-speed modulated game. We have a unique chemistry to create unique polymers that we can design and create and strengthen this patent portfolio.
But this portfolio enables this license and tech transfer for long-term revenue generation. You have to put this in place. It takes a long time to get patents and know-how. We have to be very aggressive in this. But it drives the licensing opportunities. Now a lot of folks have heard that we’ve been expanding. I think you’ve seen it in some of our documents. Before I go through the words, let’s have a look at the pictures. Now the last picture I showed of our facility had the parking lot essentially empty. That’s because when I took the photograph, I was in at 6 am in the morning, and nobody had arrived. I went at lunch time, and you can see the parking lot is full. I know there’s some people go up to companies and they count the number of cars in the parking lot. Our parking lot is full.
This is the front of the facility. This corner here, if you go off in that direction, and that’s the frontend and you see the side. You can see the front actually adjoins the back. The back is the place that we’re actually moving into, expanding into. Actually adjoins, we’re actually going to knock a hole in the wall and just walk through. It’s all part of the end of one building and this is the back. If you go to the end there, and here and you look down, we go basically about halfway down here. You can see some of the pods here. The folks in there are actually moving out at the end of May. They’re already getting ready to do that.
It’s going to take us about a couple of months to refit it a little bit, but it’s pretty much set up. Probably round about July, August, we’ll be moving in. Some of the things that we’re going to be doing, now remember, this is about 10,000 square feet and this is adjoining. We’re going to be a single unit, which is really exciting. It’s about a 72% increase in the current space. But this is what is going to be useful. Production device test and evaluation, production reliability, laser characterization, SCM analysis and a big area of expansion of our chemical synthesis production line. That’s really super exciting. Obviously, there’s going to be some offices and meeting space for the new staff.
But look what’s happened in the last six, seven months, maybe it’s eight months. We have had 11 recent hires. This is exciting times for us. We’re really building the team to create a world-class team to service our technology to the end users. We see that we have the team and the production facilities to make this technology and I’ll use this word like I did last year, ubiquitous. That’s really one of the key reasons why we’re really excited here.
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