Lightwave Logic, Inc. Provides Update on Commercial Pipeline

Rhea-AI Summary

Lightwave Logic (NASDAQ:LWLG) announced that a Fortune Global 500 company has advanced to Stage 3 of its Design Win Cycle after completing product design and moving into a formal engineering program.

Key 2026 milestones include building, processing, and testing silicon photonics PICs integrated with Lightwave Logic's Perkinamine® electro-optic polymers, targeting a final product for deployment within a hyperscale data center or AI factory. Later Stage 3 work will validate manufacturing yields and establish volume production capacity and costs.

The company also said it is expanding its semiconductor foundry relationships by adding another unnamed silicon photonics foundry, incremental to its existing collaboration with Advanced Micro Foundry (AMF), to support scaling for volume production.

Positive

• Design Win progress: Fortune Global 500 customer advanced to Stage 3
• 2026 technical milestones: build, process, and test silicon photonics PICs
• Foundry expansion: adding an additional silicon photonics foundry alongside AMF

Negative

• Yield validation required: Stage 3 includes validating high manufacturing process yields
• Production cost and capacity: must establish volume production capacity and costs aligned with mutual expectations

Fortune Global 500 Company in Stage 3 (Prototype to Final Product) of Design Win Cycle

ENGLEWOOD, COLORADO / ACCESS Newswire / November 4, 2025 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), a leading provider of high-performance electro-optic (EO) polymer materials, today announced that a Fortune Global 500 Company has progressed to Stage 3 of the Company's previously outlined Design Win Cycle.

After a rigorous evaluation of Lightwave Logic's Perkinamine^® platform, this prospective customer has moved beyond the initial Product Design phase to a formal engineering program. Key 2026 milestones now include the building, processing, and testing of Silicon Photonics PICs augmented with electro-optic polymers to achieve a final product targeted for deployment within a hyperscale data center or AI factory. Later phases of Stage 3 will include validating high manufacturing process yields and establishing volume production manufacturing capacity and costs aligned with mutual expectations.

In addition, with this strategic partnership, the Company is expanding its semiconductor foundry relationship to add another unnamed silicon photonics foundry with capability to produce chips compatible with Lightwave Logic's Perkinamine^® platform. This engagement is incremental to the Company's existing collaboration with Advanced Micro Foundry (AMF) and will be critical to preparing the eventual scaling of volume production.

About Lightwave Logic, Inc.

Lightwave Logic, Inc. (NASDAQ:LWLG) is a technology platform company pioneering the development of proprietary electro-optic polymers that enable ultra-high-speed data transmission with low power consumption and compact form factors. These materials power next-generation photonic devices for telecommunications, data centers, and emerging AI infrastructure. Visit www.lightwavelogic.com for more information.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding polymer performance, manufacturing readiness, and potential real-world applications. Words such as "may," "will," "should," "anticipates," "believes," and similar expressions identify such statements. Actual results may differ materially due to risks including technical and manufacturing challenges, reliance on third-party foundries, delays in qualification, funding constraints, market competition, regulatory changes, and other risks described in Lightwave Logic's filings with the SEC, including the "Risk Factors" section of its most recent Form 10-K and Form 10-Q.

Contacts:

Ryan Coleman or Nick Teves
Alpha IR Group for Lightwave Logic
lwlg@alpha-ir.com
312-445-2870

SOURCE: Lightwave Logic

View the original press release on ACCESS Newswire

FAQ

What does Stage 3 advancement mean for Lightwave Logic (LWLG)?

A Fortune Global 500 customer moved beyond product design into a formal engineering program to build, process, and test silicon photonics PICs with Perkinamine® in 2026.

What are Lightwave Logic's key 2026 milestones mentioned in the update for LWLG?

Key 2026 milestones are building, processing, and testing silicon photonics PICs augmented with Perkinamine® and preparing for final product deployment.

How will the new foundry addition affect Lightwave Logic's manufacturing for LWLG?

The company is expanding foundry relationships by adding another unnamed silicon photonics foundry, incremental to AMF, to help prepare for scaling volume production.

Does Lightwave Logic expect deployment of the product and where for LWLG?

The company targets deployment within a hyperscale data center or AI factory as the final product goal.

What technical or manufacturing risks did Lightwave Logic highlight for LWLG?

The company identified the need to validate high manufacturing process yields and to establish volume production capacity and costs as part of Stage 3.