Fortune 500 company advances in Lightwave Logic’s design cycle

ENGLEWOOD, Colorado - Lightwave Logic, Inc. (NASDAQ:LWLG) announced Tuesday that an unnamed Fortune Global 500 company has progressed to Stage 3 of its design win cycle, moving from product design to a formal engineering program. The stock, which has surged 443% over the past six months according to InvestingPro data, trades near $4.87 with earnings scheduled in just three days.

The advancement follows the prospective customer’s evaluation of Lightwave Logic’s Perkinamine electro-optic polymer platform. According to the company’s statement, key milestones for 2026 include building, processing, and testing Silicon Photonics PICs enhanced with electro-optic polymers for potential deployment in hyperscale data centers or AI facilities.

Later phases will focus on validating manufacturing process yields and establishing volume production capacity with mutually agreed cost parameters.

The company also disclosed it is expanding its semiconductor foundry relationships by adding another silicon photonics foundry capable of producing chips compatible with its polymer platform. This arrangement supplements Lightwave Logic’s existing collaboration with Advanced Micro Foundry (AMF) and aims to prepare for potential volume production scaling.

Lightwave Logic develops electro-optic polymers designed to enable high-speed data transmission with reduced power consumption in compact form factors. The technology is intended for telecommunications, data centers, and AI infrastructure applications.

The announcement was made through a company press release. Lightwave Logic did not disclose the identity of the Fortune Global 500 partner or the additional semiconductor foundry.

In other recent news, Lightwave Logic has announced that its proprietary Perkinamine platform is unaffected by the recent Chinese export restrictions on rare-earth elements and magnets. This development highlights the company’s strategic advantage, as its technology does not rely on geopolitically sensitive supply chains. Additionally, Lightwave Logic has extended CEO Yves LeMaitre’s contract through December 31, 2028, while Chief Financial Officer Jim Marcelli is set to retire at the end of 2025 after 17 years with the company.

In leadership changes, Dr. Lance Thompson has been appointed as the new Vice President of Engineering, bringing extensive experience from his previous role at Coherent. The company also announced a strategic partnership with Photonteck to enhance its sales and distribution network in Asia, aiming to bolster its position in the silicon photonics market. Furthermore, Dr. Sundar Ramamurthy has joined Lightwave Logic’s Technical Advisory Board, contributing over 30 years of experience in the semiconductor industry. These developments reflect Lightwave Logic’s ongoing efforts to strengthen its leadership team and expand its market presence.

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