ENGLEWOOD, Colo. - Lightwave Logic, Inc. (NASDAQ: LWLG), a developer of electro-optic polymers for data transmission, has announced a collaboration with Advanced Micro Foundry (AMF) to create polymer slot modulators that have achieved a record-breaking low drive voltage below 1V at 200Gbps PAM4. This technological advancement is poised to spur the development of 800Gbps and 1.6T pluggable transceivers, enhancing optical connectivity for AI computing clusters.
The partnership between Lightwave Logic and AMF has been ongoing for a year, focusing on leveraging AMF's silicon photonics platform to produce these modulators on 200-mm wafers. This collaboration has led to a successful demonstration that represents a significant milestone in integrated photonics by combining silicon photonics with polymer materials. The companies aim to scale up these advanced components for manufacturing availability to product companies.
Dr. Michael Lebby, CEO of Lightwave Logic, highlighted the accomplishments of the collaboration, noting the integration of their polymer slot modulators with AMF's silicon photonics design. Jagadish C.V, CEO of AMF, emphasized the modulators' support for higher baud rates, low power consumption, and compact size, making them cost-effective for high-speed data communication applications.
AMF, based in Singapore, is recognized as the world's first specialty Silicon Photonics foundry, offering manufacturing and prototyping services across various sectors. Lightwave Logic specializes in creating photonic electro-optic devices for the data communications and telecommunications markets.
This press release contains forward-looking statements and acknowledges potential risks and uncertainties that could affect the actual results, including technological changes, market conditions, and regulatory constraints. The information is based on a press release statement.
InvestingPro Insights
As Lightwave Logic, Inc. (NASDAQ: LWLG) forges ahead with its groundbreaking collaboration with Advanced Micro Foundry, investors are closely watching the company's financial health and market position.
According to InvestingPro data, Lightwave Logic holds a market cap of approximately $464.76 million, which is indicative of its scale within the niche electro-optic polymers industry. Despite the company's impressive gross profit margin of 89.16% over the last twelve months as of Q1 2024, it is important to note that Lightwave Logic is not currently profitable, with an operating income margin of -31451.54% over the same period.
Two key InvestingPro Tips relevant to the article are Lightwave Logic's strong cash position, holding more cash than debt, and its impressive gross profit margins. These financial indicators are particularly pertinent as the company invests in technological advancements and collaborations. Still, analysts anticipate a sales decline in the current year, which could be a point of concern for potential investors.
For those interested in a deeper dive into Lightwave Logic's financials and market performance, there are additional InvestingPro Tips available at https://www.investing.com/pro/LWLG. Readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights into the company's valuation multiples, liquidity, and stock price volatility.
With the company's stock price movements being quite volatile, and trading at a high Price / Book multiple of 12.49 as of the last twelve months, investors should weigh these metrics against the company's potential for growth in the fast-evolving data communications and telecommunications markets.
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