Company Initiates Benchmark Testing on Organic Polymer Coated Chips Versus Silicon Photonic Devices

LONGMONT, Colo., Jan. 12, 2015 — (PRNewswire) —  Lightwave Logic, Inc. (OTCQB: LWLG, the "Company" or "Lightwave"), a technology company focused on the development of Next Generation Photonic Devices and Non-Linear Optical Polymer Materials Systems for applications in high speed fiber-optic data communications and optical computing, announced today that initial thermal aging testing on its organic polymers indicates decades of operational performance as it prepares to process a series of commercially viable bleached waveguide devices—the initial products in a planned photonic device program.   Lightwave Logic is also announcing it is initiating side-by-side comparative testing of its organic polymers versus duplicate silicon photonic devices.  Such testing is expected to provide results of Lightwave's organic polymers' ability to improve a broad range of performance parameters on photonic devices.

During the month of December, several blends of materials created by Lightwave Logic's multi-chromophore process were subjected to thermal aging tests that included lengthy exposure to high temperatures (85C and 110C) for 300 hours.  On December 18^th, 2014, the Company reported that data collected indicated minimal loss of electro optical activity (R33), even after over 120 hours at 110C.  Internal aging calculations now extrapolate that Lightwave Logic's organic polymers are expected to provide decades of operational performance.  These results exceed previously published efforts for other organic polymers.

In late December, the Company also received a series of long-awaited, custom specified silicon chips, each with various types of imbedded photonic structures (waveguides and modulators).  Lightwave Logic's development team is initiating side-by-side comparative tests on these photonic structures coated with its proprietary organic polymers versus duplicate straight silicon photonic device structures.  The tests are expected to provide empirical results demonstrating that organic polymers can improve a broad range of performance parameters over other photonic structures.   These structures will be used in future proprietary device designs to address many high-value applications.

Tom Zelibor, Chairman and Chief Executive Officer of Lightwave Logic stated, "The demonstrated aging test results of our organic polymers represent a landmark in the development of organic polymer materials.  We still anticipate our materials and devices can be produced without the need for expensive packaging, which will be a significant cost advantage for commercial applications.

"Several of our 'Generation 2' gold-patterned electrode substrates recently manufactured by Reynard Corporation for use in our bleached waveguide modulator will shortly be coated with our materials.  This should produce working demonstration prototype devices that we will use to present to potential customers and development partners.

"We are simultaneously laying the groundwork for future devices in our development path by demonstrating advantages of silicon organic hybrids versus silicon photonics on a series of photonic components that are on chips recently received.  While the arrival of these uncoated chips was delayed, we have already begun performing baseline testing on the silicon photonics chips that were manufactured by IMEC, Belgium.  As soon as we have comparative test results and data in hand, will we report them to the market."

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Lightwave Logic, Inc. is a development stage company that produces prototype electro-optic demonstration devices and is moving toward commercialization of its high-activity, high-stability organic polymers for applications in electro-optical device markets. Electro-optical devices convert data from electric signals into optical signals for use in high-speed fiber-optic telecommunications systems and optical computers. For more information, about the Company please visit the corporate website at: www.lightwavelogic.com.

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company's control.

For Further Information Contact:

Steven Cordovano
Lightwave Logic
203-952-6373
Email Contact 

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SOURCE Lightwave Logic, Inc.

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Lightwave Logic, Inc. Web: http://www.lightwavelogic.com