Earnings release
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LIGHTWAVELOGIC ™ Lightwave Logic Provides First Quarter 2021 Corporate Update ENGLEWOOD , Colo . , May 18 , 2021 / PRNewswire / -- Lightwave Logic , Inc. ( OTCQX : LWLG ) , a technology platform company leveraging its proprietary electro - optic polymers to transmit data at higher speeds with less power , today provided a corporate update in conjunction with the filing of its Quarterly Report on Form 10 - Q for the first quarter ended March 31 , 2021 . LIGHTWAVELOGIC TM First Quarter 2021 and Subsequent Company Highlights : • Continued alignment of the Company's Polymer Plus ™ product platform with use cases in key end - markets for commercialization . These markets continue to grow strongly into multi - billion - dollar opportunities that demand high speed , low power consumption , and miniaturization through photonics integration . • Fortified intellectual property portfolio , growing to over 70 domestic and international patents and patent applications in advance of future commercialization initiatives , including : • Receipt of a patent on an innovative polymer modulator packaging design , allowing electro - optic polymer modulators to be packaged in a hermetic environment using well - known , high - volume and low - cost fabrication processes , improving suitability for mass production . 。 Receipt of a patent on protective polymer layers in modulators for design into integrated photonics platforms , improving reliability and performance while best positioning them for standardized mass - market manufacturing process • Presented at multiple industry specific and investor - related conferences . Among these were the PHOTONICS + Virtual Exhibition , the 33rd Annual ROTH Conference , the Oppenheimer Annual Emerging Growth Conference and various EPIC Online Technology Meetings The full text of the Company's Quarterly Report on Form 10 - Q for the first quarter ended March 31 , 2021 filed with the SEC on May 17 , 2021 can be found here . Management Commentary " We continued to press forward development of our proprietary electro - optic polymers , particularly our Polymer Plus ™ product platform , in the first quarter of 2021 - sustaining our aggressive cadence as we march towards our end goal of mass - market commercialization , " said Dr. Michael Lebby , Chief Executive Officer of Lightwave Logic . " We regularly make exciting new technical achievements many thought impossible , clearly positioning ourselves as a thought leader in the space - regularly attending key industry and investor events to share our progress . " Our IP portfolio reflects this presence , having grown to over 70 patents and patent applications in both the U.S. and key international markets . With this strong moat and a distinct technological competitive advantage , we believe that we are in an advantageous position to proceed with our business plan . " With the eyes of the industry on us , we continue to work closely with our tier - 1 partners under NDA to enhance our