The second wave of Lightwave Logic, Inc. (OTCMKTS:LWLG) is in progress as shares started to move higher form the $1.00 level last week on big volume (the largest seen this year) sending shares up more than 100% for 2017. This change stems from a leadership change at the company.
If you look at pricing in the chart below, you can see where it becomes clear that the company is ready for a leadership change and makes this change where a long time board member assumes the role of CEO. Lightwave Logic, Inc. (OTCMKTS:LWLG) shares reacted with the rally we have in place.
Often companies make difficult changes and the stock has a sell off, but it seems shareholders were ready for these changes and the leadership was competent, and without interruption, the company operated efficiently and with a precise view of the future evidenced by the recent letter from the incoming CEO. See his letter to shareholders below.
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$LWLG 10-Day Chart Below:
Today, with great pride I assume the post of CEO of Lightwave Logic (LWLG). I have been an independent board member since mid-2015, and I have personally seen the company move quickly and efficiently towards the commercialization of its polymer photonics materials under the leadership of Tom Zelibor and Jim Marcelli. Going forward, Tom will remain as Chairman of the Board, and Jim will continue in the President/Chief Operating Officer role; both continuing to provide the valued and expert leadership we have all seen over the past few years. Lightwave Logic is in excellent health, and is ideally positioned to advance polymer photonics based technologies onto the world stage.
I am also proud to have Fred Leonberger as an outside board member (see Press Release dated March 29, 2017). Fred is one of the most famous, and technically successful engineering leaders in the fiber communications business. Fred is a veteran of this field and has driven many technical photonic device programs to product, both at JDSU, United Technologies, as well as other companies. We are proud and privileged to have Fred on our team assisting both at the board level as well as part of our Operations Committee.
My enthusiasm for Lightwave Logic has been reinforced by the fact that we not only have achieved our stated milestones, but also have exceeded them and continue to exceed them. The momentum is building and we believe that we are rapidly accelerating toward becoming a truly world-class polymer device revenue-generating enterprise, as can be seen by last week’s press release (dated April 26, 2017) which reports Lightwave Logic achieving high speed modulation enabling 25Gbps in our polymer based optical modulator.
For 2017, our development route is now clear. We need to scale the performance of the ridge waveguide modulator to a point where customers will ask to evaluate the device. As we noted in our December 27, 2016 press release, one of the major opportunities over the next decade is the 100Gbps node which is composed of 4 channels, each operating at 25Gbps)—and that is where we are focusing our development efforts. Our press release last week reported that we now have seen high speed performance from our modulator to enable 100Gbps solutions in the market place, which is extremely exciting for us. We intend to leverage significant advances in our organic polymer materials development to fully develop our P2IC™ (polymer PIC or polymer photonics integrated circuit) platform to address 4x25Gbps customer-ready devices that also can pass reliability and quality assurance metrics.
The opportunity that awaits us is large. At the start of 2017, I took on the challenge to explore the market trends in the datacom and telecom market segments, and produced internal data to forecast which markets would be attractive to us over the next decade. It quickly became evident that market demand for 100Gbps devices (using 25Gbps devices) is explosive with demand exceeding supply. We also saw the market upgrading device performance to 50Gbps to support the growing demand for 400Gbps data rates, especially in the data center segment of the market. I look forward to sharing this data with you at our upcoming annual meeting of shareholders on May 18 in Boulder, Colorado.
Lightwave Logic, Inc. is a development-stage, electro-optical device and organic nonlinear materials company. The Company is engaged in the chemical synthesis of chromophore dyes used in the development of organic Application Specific Electro-Optic Polymers (ASEOP) and Organic Non-Linear All-Optical Polymers (NLAOP) that have high electro-optic and optical activity.
The Company’s family of materials has utility across a range of applications in devices that address markets, including telecommunication, data communications, high-speed computing and photovoltaic cells. LWLG develops photonic devices that utilize its polymer-based material systems. These polymer-based material systems, when used in modulators or waveguide structures, can convert high-speed electronic signals into optical (light) signals for use in communications systems, high-speed data transfer or advanced high speed computing.
Now it will be about execution for LWLG, and shareholders voted positively prior to the changes. The next few quarters will be critical, but leadership recognizes the need for it’s premium product and has a solid plan in place to deliver it to the market. Stay tuned and we will continue to update on any announcements from the Company. For continuing coverage on shares of LWLG stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!