Lightwave Logic signs with University of Alabama-Tuscaloosa to speed optical materials development

JANUARY 12, 2010 -- Lightwave Logic Inc. (OTC Bulletin Board: LWLG), a technology company focused on the development of what it calls a "Next Generation Electro-Optic Platform" for telecommunications and optical computing, has reached an agreement with the University of Alabama at Tuscaloosa to conduct cooperative development, analytical testing, optimization, and scale-up of its proprietary materials platform (see "Lightwave Logic launches material platform").

The company believes that the agreement will help shorten the time to market for its new polymeric electro-optic materials (third-order materials where light is used to switch light), covered with its sixth patent application.

"This agreement will accelerate our material platform development program significantly, while allowing our internal chemists and material scientists to concentrate on applications development with potential customers and partners," stated Jim Marcelli, Lightwave's CEO.

"This program affords a unique opportunity for the University of Alabama to work in close cooperation with the evolving technology needs of a dynamic and growing business," stated Dr. Arduengo, University of Alabama's Saxon Professor of Chemistry.

Said David Eaton, CTO of Lightwave Logic, "We are extremely pleased to have recruited a chemist of the stature of Professor Arduengo. With his guidance and active participation we will be able to explore synthetic variations to our chromophore and develop new configurations for our spacer groups."

Separately, the company noted that work is continuing on the development of its initial amplitude modulator for the optical computer market. Additional phase modulators for telecommunications applications are also progressing, and updated reports are expected within the first quarter.

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