Company Continues to Deepen its Optical
Polymer Capabilities and Commercial Expertise to Open New Markets
for its Advanced Materials
Board Additions of Chemicals and Materials
Leader Tom Connelly and Optical
Network and AI/Datacenter Optics Executive Yves LeMaitre in August Advances Company Goal of
Establishing its Presence in Multiple Verticals
ENGLEWOOD,
Colo., Sept. 9, 2024 /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 in a small form
factor, announced today that its Board of Directors has appointed
former DuPont executive and CEO of the American Chemical Society
(ACS) Thomas M. Connelly, Jr., as
its newest Board member, effective September
4, 2024.
With the addition to the Board of these two
industry experts from the company's target markets, Lightwave Logic
believes it is well-positioned to expand its initial business focus
from datacenters and AI clusters connectivity to include other high
growth markets, such as materials, organics, quantum/optical
computing, aerospace, defense, and storage.
Tom Connelly, Jr.
has served as CEO of the American Chemical Society, one of the
largest scientific societies with 170,000 members worldwide, and as
Chief Innovation Officer of DuPont, where he was a member of its
Office of the Chief Executive. Among his responsibilities in
chemicals and materials over 35+ years at DuPont were its
Performance Polymers and Packaging & Industrial Polymers
businesses. He also served as its Chief Science and Technology
Officer, with responsibility across business units in the U.S.,
Europe and Asia. He joined DuPont in 1977, and played key
roles in Delrin®, Kevlar®, Sorona® and Teflon®.
Dr. Connelly said, "I am delighted to join
Lightwave Logic's board at such a transformational time for the
Company and the silicon photonics ecosystem. I look forward to
working with the management team and the other Board members to
guide the Company as it ramps up efforts for strategic industrial
partnerships and initiatives for its polymer technology platform to
be a commercial success."
Dr. Michael Lebby,
Chairman and Chief Executive Officer of Lightwave Logic, added: "We
are honored that Tom Connelly has joined our board. His
exceptional industry knowledge and deep experience in the polymers
business will be an outstanding resource to the Lightwave Logic
management team. He is uniquely qualified to help us as we expand
our business focus for our EO polymer platform. Tom and Yves LeMaitre, who joined the board in
August, each bring tremendous backgrounds to the Board's collective
experience and skillsets, adding expertise in photonics and optical
communications for selling innovative connectivity solutions to
hyperscalers for front-end Ethernet and back-end AI/machine
learning clusters."
Dr. Connelly holds degrees in chemical
engineering (highest honors) and economics from Princeton University, and as a Winston Churchill
Scholar he received a PhD in chemical engineering from the
University of Cambridge. As a member of
the National Academy of Engineering and its committees, he has been
chair of the National Academies of Sciences, Engineering, and
Medicine's committee for the Division on Earth and Life Studies. In
addition, he has held advisory roles to the U.S. government and
Republic of Singapore.
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) develops a
platform leveraging its proprietary engineered electro-optic (EO)
polymers to transmit data at higher speeds with less power in a
small form factor. The company's high-activity and high-stability
organic polymers allow Lightwave Logic to create next-generation
photonic EO devices, which convert data from electrical signals
into optical signals, for applications in data communications and
telecommunications markets. For more information, please visit the
company's website at www.lightwavelogic.com.
Safe Harbor Statement
The information posted in this release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. You can identify
these statements by use of the words "may," "will," "should,"
"plans," "explores," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include,
but are not limited to, lack of available funding; general economic
and business conditions; competition from third parties;
intellectual property rights of third parties; regulatory
constraints; changes in technology and methods of marketing; delays
in completing various engineering and manufacturing programs;
changes in customer order patterns; changes in product mix; success
in technological advances and delivering technological innovations;
shortages in components; production delays due to performance
quality issues with outsourced components; those events and factors
described by us in Item 1.A "Risk Factors" in our most recent Form
10-K and 10-Q; other risks to which our company is subject; other
factors beyond the company's control.
Investor Relations Contact:
Lucas A. Zimmerman
949-259-4987
LWLG@mzgroup.us
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SOURCE Lightwave Logic, Inc.