Replies to post #161748 on Lightwave Logic Inc (LWLG)

[tedpeele]

No Verification of Production Devices being tested by potential customers

Some have claimed the company has said they have 5 customers who are in "Production Trials". 2 Evidences have been given:

First, this quote from the March 2, 2023 Corporate Update:

This expansion of our IP moat, paired with our acquisition of the mission-critical IP assets of Chromosol Ltd (UK) to strengthen foundry PDK design capabilities with extremely low temperature ALD Processes, is a part of our ability to advance initial production trials with our foundry partners and secure our first licensing agreements in the near-term.

A "production trial" simply means they have produced some chips. It doesn't mean it is for any specific end user. This is not surprising. There is so much more needed to put out a viable commercial product. Of course a foundry is going to 'produce' some units in trial runs in order to work on the various hurdles involved.

Some think it means with end customers, and point to the 'funnel slide' in the 2023 ASM:

the funnel showing that LWLG is in late stage negotiations and running Production trials with GREATER THAN FIVE companies

No link - Proto is the source, and posts this every single day.
The reality is the slide says ">5 leads engaged including trial runs of technology."

First, it doesn't say "Production trials". Second, it doesn't say the trial runs are with all 5 -- it could mean they are engaged in some kind of relationship which for 2 of them includes some kind of trial run.

Another argument is that since the company previously indicated they had poled on over 1000 devices, and typically 1000 devices are run at once for Production Trials, that the company in fact had run production trials with that many devices.

It is possible that's what it means, but it is also possible that since they have been testing poling for years - trying and trying to get it to work, they may well have poled over 1000 devices over time straight out of their own lab. Given the timing of the slide mentioning that (in Sep 2022), since Dr Lebby was telling us about the "kitchen recipe" problem at that same time, it seems unlikely that they had gotten that far with foundries by then.