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LIGHTWAVELOGIC ™ Lightwave Logic Provides Third Quarter 2021 Corporate Update ENGLEWOOD , Colo . , Nov. 16 , 2021 / PRNewswire / -- Lightwave Logic , Inc. ( NASDAQ : LWLG ) , a technology platform company leveraging its proprietary electro - optic ( EO ) 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 third quarter ended September 30 , 2021 . Third Quarter 2021 and Subsequent Company Highlights : • As of November 15 , 2021 , the Company's cash and cash equivalents are approximately $ 15 million , enabling it to finance operations through March 2023 . • Nasdaq Stock Market approved the listing of the Lightwave Logic common shares on the Nasdaq Capital Market . The stock began trading on the Nasdaq on September 1 , 2021 , followed by a closing bell ceremony at the Nasdaq Stock Market on September 10 , 2021 .. • Achieved world - record performance for a polymer modulator , as demonstrated in an optical transmission experiment by ETH Zurich , using the Company's proprietary , advanced Perkinamine ™ chromophores and Polariton Technologies Ltd.'s newest plasmonic EO modulator , a silicon - photonics - based plasmonic racetrack modulator offering energy - efficient , low - loss , and high - speed modulation in a compact footprint . • Received 3rd party review of the ultra - high performance of Lightwave Logic's electro - optic polymers working with a slot modulator design . • Fortified intellectual property portfolio , growing to over 72 domestic and international patents and patent applications in advance of future commercialization initiatives - further strengthening the Company's business model and freedom of manufacturing . • Developed breakthrough improved thermal design properties for electro - optic polymers used in its Polymer Plus ™ and Polymer SlotTM modulators , enabling the speed , flexibility and stability needed for high - volume silicon foundry processes . • Received the 2021 Industry Award for Optical Integration from the European Conference on Optical Communications ( ECOC ) - a premier industry exhibition . • Presented at multiple industry specific and investor - related conferences including the European Conference on Optical Communications , the Q3 Investor Summit , the H.C. Wainwright 23rd Annual Global Investment Conference , and the LD Micro Main Event . The full text of the Company's Quarterly Report on Form 10 - Q for the third quarter ended September 30 , 2021 was filed with the SEC on November 15 , 2021 and can be found here . Management Commentary " We continued to press forward development of our proprietary electro - optic polymers during the third quarter of 2021 , including the achievement of world - record performance for a polymer modulator , and breakthrough improved thermal design properties for electro - optic polymers , " said Dr. Michael Lebby , Chief Executive Officer of Lightwave Logic . " Through our collaboration with Polariton , we not only have achieved a new world - record for a racetrack plasmonic modulator device structure , transmitting 220 Gbit / s OOK and 408 Gbit / s 8PAM , but we received 3rd party review of the performance of our electro - optic polymer material . We believe performance achievements both at these speeds as well as material performance are demonstrating to companies the impact that high performance optical switching devices using our polymers will have on their business .