Lightwave Logic Chairman & CEO, Tom Zelibor Provides Year-End Update To Shareholders
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.
We are very excited by the commercial prospects here, especially after the Air Force Research Lab confirmed a femtosecond response time in our Perkinamine NR TM. As you may recall, Lehigh University could only determine a picosecond response time due to the capability of their equipment. This is 1,000 times faster than previously thought.
Patent/Personnel UpdateUS Patent No. 8,298,326 Tricyclic Spacer Systems for Nonlinear Optical Devices On October 30, 2012, the United States Patent Office (USPTO) issued Patent No. 8,298,326, titled: Tricyclic Spacer Systems for Nonlinear Optical Devices to Lightwave Logic. The claim in this divisional patent was originally part of a previously issued patent. The USPTO will not allow multiple inventions within a single patent. This is our third issued patent. Our spacer systems are an important component of our company's intellectual property and improve the solubility of its chromophores (dyes) that must be dissolved into organic polymer substrates. Chromophores are organic materials that impart light sensitivity to the resulting organic nonlinear polymer, but have a tendency dimerize. This term describes a tendency of opposite ends of the molecule to be strongly attracted to each other. Spacer systems prevent this from happening and are necessary for the polymer to be subsequently poled. Poling causes the alignment of the electro-optic polymer's molecules, which is necessary to facilitate the switching of light.
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