Lightwave Logic, a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, has completed the build-out of new laboratory production facilities, expanding the corporate facility in Englewood, Colorado, by nearly 10,000 square feet for a total of approximately 23,500 square feet to support recent commercial activity. Colorado is fast becoming a technology hotbed.
According to the Computing Technology Industry Association, Colorado's tech industry has an economic impact of $52.6 billion, or 12.2% of the state's economy, the fifth highest among all states.
The renovations and installation of new laboratory and engineering facilities expand the size of Lightwave Logic’s Englewood facility by over 65%, enabling commercial device testing and evaluation, production reliability testing, laser characterization, SEM analysis and the expansion of the Company's chemical synthesis production line. The facility will support the Company's recently added team members, including organic chemists and photonics, packaging and reliability engineers, bringing the Company's headcount to 33 team members.
"As we enter into this exciting new phase of advancing our commercial business plans, we believe that we now have the team and the facilities in place to make our electro-optic polymers ubiquitous," said Dr. Michael Lebby, Chairman and Chief Executive Officer of Lightwave Logic. "This additional space allows us to grow our technical capabilities to produce, evaluate and improve our electro-optic polymer materials.”
He added, “The space will be utilized to support commercial material supply and license agreements – such as our recent first agreement – to provide Perkinamine® chromophore materials for polymer-based photonic devices and photonic integrated circuits (PICs).”
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Sean Buckley
Sean is responsible for establishing and executing the editorial strategies of Lightwave and Broadband Technology Report across their websites, email newsletters, events, and other information products.