Clean technology is finding more champions as time goes by. Thursday, it was Englewood, Colorado-based Lightwave Logic, Inc. (OTC:LWLG) which announced a major breakthrough.
Lightwave has been developing clean technology polymer materials that target the insatiable demand for fast and efficient data communications in the multi-billion-dollar telecom and data markets supporting Internet, 5G and IoT (Internet of Things) webscale services.
The improved thermally stable polymer has more than double the electro-optic response of the Company’s previous materials, enabling optical device performance of well over 100 GHz with extremely low power requirements. This addition to the family of Perkinamine polymers will hold back runaway consumption of resources and energy needed to support ever-growing data consumption demands.
Lightwave also says it will continue rigorous testing of the material and its performance in device structures during the remainder of this year before releasing it into full device development.
CEO Michael Lebby enthused, "I could not be more excited or prouder of our team for this accomplishment. They have raised the bar and set what could be a new industry standard for many years to come.”
Shares gained 17.5 cents, or 28%, to 80 cents, on 332,000.
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