Lightwave Logic confirms rare-earth-free polymer platform

ENGLEWOOD, CO - Lightwave Logic, Inc. (NASDAQ:LWLG), a developer of electro-optic polymer materials trading at $5.64 with a market cap of $730 million, announced Wednesday that its proprietary Perkinamine platform is unaffected by recent Chinese export restrictions on rare-earth elements and magnets. The company has demonstrated impressive momentum, with shares surging over 500% in the past six months.

The company emphasized that unlike competing technologies such as thin-film lithium niobate or indium phosphide, which may depend on geopolitically sensitive supply chains, its polymer platform contains no rare-earth elements. Lightwave Logic conducts all production at its facility in Denver, Colorado, maintaining strong financial health with a current ratio of 20.72 and operating with moderate debt levels.

"From the beginning, our mission has been to create a technology platform that delivers not only cutting-edge performance, but also geopolitical resilience," said Yves LeMaitre, CEO of Lightwave Logic, in a press release statement.

The announcement comes as technology companies face increasing concerns about supply chain vulnerabilities amid global trade tensions. Lightwave Logic’s polymers are designed for applications in telecommunications, data centers, and AI infrastructure.

The company’s focus on domestic manufacturing aligns with broader industry efforts to reduce dependence on potentially unstable international supply chains for critical components.

Lightwave Logic develops electro-optic polymers intended to enable high-speed data transmission with reduced power consumption in compact devices. The company trades on the Nasdaq under the ticker LWLG.

In other recent news, Lightwave Logic, Inc. has extended CEO Yves LeMaitre’s contract through December 31, 2028, while CFO and COO Jim Marcelli is set to retire at the end of 2025. The company has initiated a search for Marcelli’s successor, who has been with Lightwave Logic for 17 years. Additionally, the company appointed Dr. Lance Thompson as the new Vice President of Engineering, succeeding interim VP Siraj Nour ElAhmadi. Dr. Thompson brings experience from his previous roles at Coherent and Lumentum and holds six U.S. patents.

In a strategic move, Lightwave Logic has partnered with Photonteck to enhance its sales and distribution network in Asia, aiming to bolster its presence in the silicon photonics market. Furthermore, the company has added Dr. Sundar Ramamurthy to its Technical Advisory Board, leveraging his 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 reach.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.