Lightwave Logic, Inc. (OTCMKTS:LWLG) stock was one of the biggest gainers on Wednesday as the stock soared on very heavy volume. The stock is one of the biggest gainers so far this year with a jump of 715%.
Market Reaction:
On Wednesday, LWLG stock surged 15.65% to $7.98 with more than 967k shares, compared to its average volume of 425k shares. The stock has moved within a range of $6.75 – 8.08 after opening the trade at $7.01.
Major Trigger:
Lightwave Logic Announces Receipt of U.S. Patent on Device Design Enabling Mass-Volume Manufacturing
- LWLG announced the receipt of a new U.S. patent on a breakthrough new device design that enables mass-volume manufacturing when designed into advanced integrated photonic platforms.
- The device design, protected by U.S. Patent number 11,042,051, enhances reliability, improves optical mode control and most important, lowers by consumption through the use of direct-drive, low-voltage operation.
- The patent is entitled, “Direct drive region-less polymer modulator methods of fabricating and materials therefor” and is expected to open the opportunity for low power consumption electro-optic polymers to be developed into large foundry PDKs (process development kits), and be ready for mass volume commercialization.
Key Quote:
“We are pleased to receive yet another powerful patent, providing us with significant freedom of manufacturing and positioning us for efficient, mass-volume commercialization of our technology with large foundries,” said Dr. Michael Lebby, Chief Executive Officer of Lightwave Logic. “The patent emphasizes our technology platform using fabrication techniques that would naturally fit into foundry PDKs. Our technology is proving to be more important than ever as the industry and service providers increasingly consider high-speed, low-power and foundry compatibility – such as our technology offers – to be key metrics for success.”
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