Shares of Lightwave Logic, a company developing data transmission solutions, surged more than 6% on Tuesday, September 24. This came after the company announced a partnership with Swiss-based Polariton Technologies to create a compact, ultra-high bandwidth device for data centers, which require advanced solutions to support AI and machine learning applications.
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Lightwave Logic shares gained 6.3% on the Nasdaq on Tuesday, closing at $3.00 per share. The stock is still down more than 39% year to date and about 37% over the last 12 months.
The company announced on Tuesday that it will present its joint electro-optical polymer modulator with Polariton at the European Conference on Optical Communications. This device integrates Polariton’s plasmonic modulator device and Lightwave’s chromophores. Modulators are electronic circuits that encode data signals for wireless transmission. Plasmonic modulators enable ultrafast data transfer speeds, which makes them perfect for space data applications. Chromophores, which are complex, large molecules, on a scale akin to drug molecules, are embedded into polymers to make them electro-optically active. This allows them to respond almost instantaneously to electrical signals.
Data centers worldwide are facing rising power consumption and “burgeoning” demand for faster data transmission from AI, machine learning, and other cloud services, explained Michael Lebby, the CEO of Lightwave. “This device enables ultra-high bandwidths, which are extremely well suited for next generation internet and optical networking transceivers that require 200Gbps per lane today, and 400Gbps per lane soon,” noted Wolfgang Heni, the co-CTO of Polariton.
About Lightwave Logic
Lightwave Logic is a tech company focused on developing next-generation electro-optical photonic devices utilizing its own proprietary technology platform. In its filings with the U.S. SEC, the company reported $19,000 in revenue for the second quarter of 2024, compared to zero a year earlier. The company holds $29 million in cash and cash equivalents, which could finance operations through October 2025.
