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ENGLEWOOD, CO - Lightwave Logic, Inc. (NASDAQ:LWLG), a provider of electro-optic polymer materials with a market capitalization of $392 million and impressive gross profit margins of 92%, announced Friday it has formed a strategic partnership with Photonteck to expand its sales and distribution network in Asia.
The partnership aims to strengthen Lightwave Logic’s position in the manufacture and sale of electro-optic polymers for silicon photonics applications, according to a company press release.
"The AI revolution is global, and we need to ensure that we continue to advance our customer and foundry engagement in diverse geographic markets," said Yves LeMaitre, CEO of Lightwave Logic.
Kai Yang, Vice President of Photonteck, stated that the partnership would help customers "address key bottlenecks in AI connectivity."
The Colorado-based company also announced it will attend the China International Optoelectronic Expo in Shenzhen from September 10-12, with Atikem Haile, Vice President of Marketing, scheduled to present on September 11.
Lightwave Logic develops electro-optic polymers designed to enable data transmission for telecommunications, data centers, and AI infrastructure applications.
The announcement comes as technology companies seek to establish stronger footholds in Asian markets amid growing demand for advanced connectivity solutions.
In other recent news, Lightwave Logic has announced the appointment of Dr. Sundar Ramamurthy to its Technical Advisory Board. Dr. Ramamurthy brings over three decades of experience in materials science and technology, particularly within the semiconductor industry. His previous leadership roles at Applied Materials included overseeing businesses in transistor and interconnect verticals, such as epitaxy, specialty semiconductors, and advanced packaging. This development highlights Lightwave Logic’s focus on enhancing its expertise in semiconductor innovation. The company has not disclosed any new financial results or mergers recently. There were no updates on analyst ratings or projections for Lightwave Logic. The appointment is part of the company’s ongoing strategy to strengthen its technical advisory capabilities.
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