Lightwave Logic appoints Lance Thompson as new VP of engineering

ENGLEWOOD, CO - Lightwave Logic, Inc. (NASDAQ:LWLG), a provider of electro-optic polymer materials with impressive gross profit margins of 91.8%, announced Tuesday the appointment of Dr. Lance Thompson as its new Vice President of Engineering, replacing interim VP Siraj Nour ElAhmadi, who will remain on the company’s board of directors. According to InvestingPro data, the company maintains a strong liquidity position with current assets significantly exceeding short-term obligations.

Thompson previously served as Director of Datacom Transceivers at Coherent, where he developed transceiver modules for 200 Gbps per lane applications. His prior roles include Senior Director of Waveguide Technologies at Lumentum and leadership positions at Kaiam Corporation and Sumitomo Electric Device Innovations. He holds a doctorate in Electrical Engineering from Colorado State University and six U.S. patents. This appointment comes as LWLG’s stock has shown remarkable momentum, posting a 163% gain over the past six months.

In his new role, Thompson will focus on advancing the company’s PerkinamineTM polymer technology, enhancing the back-end-of-line Process Design Kit, working with silicon photonics foundries, and collaborating with customers on integration and commercialization efforts.

"Lance is a highly respected leader in the AI networking and optical communications industry," said Yves LeMaitre, CEO of Lightwave Logic, according to the company’s press release.

Thompson stated he looks forward to helping commercialize and scale the company’s electro-optic polymer platform, drawing on his experience in product development from design to volume production.

Lightwave Logic develops electro-optic polymers for photonic devices used in telecommunications, data centers, and AI infrastructure applications. While the company’s stock currently trades near InvestingPro’s Fair Value estimate, investors should note its high price volatility. For deeper insights into LWLG’s financial health and growth prospects, InvestingPro offers 14 additional investment tips and comprehensive financial metrics.

In other recent news, Lightwave Logic has announced a strategic partnership with Photonteck to enhance its sales and distribution network across Asia. This collaboration is aimed at bolstering Lightwave Logic’s standing in the manufacture and sale of electro-optic polymers, particularly for silicon photonics applications. Furthermore, Lightwave Logic has appointed Dr. Sundar Ramamurthy to its Technical Advisory Board. Dr. Ramamurthy brings over three decades of expertise in materials science and technology, particularly within the semiconductor industry. His previous leadership roles at Applied Materials focused on transistor and interconnect verticals, including epitaxy and advanced packaging. These developments reflect Lightwave Logic’s ongoing efforts to strengthen its market position and technical capabilities.

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