It is important for you to understand that in the process of commercializing our technology, there are various processes that we must master and I caution you to not misconstrue comments that can easily be taken out of context. For example, being done with the initial synthesis of a material does not mean we are done testing its characteristics and does not mean we are done with fabricating a device with it. Each device has its own particular specifications that can generate numerous engineering hurdles to overcome.We are proceeding toward our goal of developing an all-optical switch using Perkinamine NR TM for an Intelligence Community customer of Celestech. We have submitted various white papers, however, certain issues regarding security clearances have prevented us from directly interfacing with their customer. That may not make sense to you since I have an extensive background in this area. However, pursuant to DOD 5220.22-R, Industrial Security Regulation (ISR), and DOD 5220.22-M, National Industrial Security Program Operating Manual (NISPOM), in order to reactivate my current security clearance, we need to be engaged in an active contract that requires a certain clearance level. This would result in the issuance of a DD Form 254, Contract Security Classification Specification for me. We are presently attempting to work our way around this obstacle to obtain the necessary clearances.
Lightwave Logic Chairman & CEO, Tom Zelibor Provides Year-End Update To Shareholders
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