A Colorado-based company announced the release of a white paper by CEO Dr. Michael Lebby that provides a roadmap for the photonics industry over the next decade. Shares of Lightwave Logic Inc. (OTCQX:LWLG) soared as the white paper specifically highlighted the role of electro-optic polymers for fiber optic communications systems, which could potentially boost the company’s operations.
Lightwave is a U.S.-based development stage company moving toward commercialization of next-generation electro-optic photonic devices made on its P2IC technology platform which uses in-house proprietary high-activity and high-stability organic polymers. Electro-optical devices convert data from electric signals into optical signals for multiple applications. It designs and synthesizes organic chromophores for use in its own proprietary electro-optic polymer systems and photonic device designs.
Traders were optimistic on the news as shares traded up to an early session high of $1.66/share (+8.49%) following the open. This move is a strong continuation of the intermediate uptrend the stock has been riding since finding support earlier this month.
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