Lightwave Logic Director Frederick Leonberger to Retire from Board of Directors and Transition to Company's Advisory Board
Rhea-AI Summary
Lightwave Logic (NASDAQ: LWLG) announced that Dr. Frederick J. Leonberger will retire from the company's Board of Directors on December 31, 2024, after serving for eight years. Following his retirement, Dr. Leonberger will transition to the company's Advisory Board, maintaining his involvement with the organization in a different capacity.
Board Chairman Ronald Bucci expressed gratitude for Dr. Leonberger's service and commitment to the company's future success, welcoming his continued involvement through the Advisory Board role.
Positive
- Retention of Dr. Leonberger's expertise through Advisory Board role ensures continuity of strategic guidance
Negative
- Loss of experienced board member after eight-year tenure
News Market Reaction 1 Alert
On the day this news was published, LWLG gained 12.04%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"On behalf of the entire Board of Directors, I would like to thank Fred for his outstanding service and counsel to Lightwave Logic over the past eight years," said Ronald Bucci, Chairman of the Board. "We are deeply grateful for Fred's commitment to our future success and appreciate his willingness to advise the Company as a member of our Advisory Board. We wish Fred all the best in his retirement."
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) www.lightwavelogic.com is a technology platform company 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 it to create next-generation photonic EO devices that convert data from electrical signals into light/optical signals for applications in telecommunications, and for data transmission potentially used to support generative AI.
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.
Contacts:
Ryan Coleman or Nick Teves
Alpha IR Group for Lightwave Logic
lwlg@alpha-ir.com
312-445-2870
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SOURCE Lightwave Logic, Inc.
FAQ
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