Lightwave Logic, Inc. (OTCQB: LWLG) announced that it has acquired the polymer technology intellectual property assets of BrPhotonics Productos Optoelectrónicos S.A., a Brazilian corporation (“BrPhotonics”), including 15 patents, for $350,000.
According to a press release, the acquisition significantly advances Lightwave Logic’s patent portfolio of electro-optic polymer technology. The patents acquired from BrPhotonics reportedly cover polymer chemistry materials, devices, packaging and subsystems intended to strengthen Lightwave’s design capabilities as it prepares to enter the 400Gbps integrated photonics marketplace.
Dr. Lebby of Lightwave Logic noted, “BrPhotonics’ intellectual property patent portfolio dovetails well with Lightwave Logic’s development of 50Gbps packaged modulators as part of its P2IC™ platform to address 400Gbps datacenter and high-performance computing opportunities as described in our March 28th 2018 press release. We are currently focusing on optimizing our own 50Gbps Ridge Wave Guide (RWG) Mach-Zehnder polymer modulator device and packaging to create customer prototypes. This acquisition provides a solid IP extension for Lightwave Logic and importantly gives us additional freedom of manufacturing for our products, and further demonstrates to our potential customers that we are serious about becoming the leader in polymer photonics technology products.”