- 2 years ago
Dr. Michael Lebby, Chairman and CEO of Lightwave Logic, Inc., was recently a guest on Benzinga's All-Access.
Lightwave Logic develops proprietary engineered electro-optic (EO) polymers. These polymers transmit data at higher speeds with less power than current alternatives. The company's high-activity and high-stability organic polymers allow it to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, critical to the functioning of the internet.
Dr. Lebby spoke about the exciting updates coming at the shareholder meeting on\ May 22.
Lightwave Logic develops proprietary engineered electro-optic (EO) polymers. These polymers transmit data at higher speeds with less power than current alternatives. The company's high-activity and high-stability organic polymers allow it to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, critical to the functioning of the internet.
Dr. Lebby spoke about the exciting updates coming at the shareholder meeting on\ May 22.
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NewsTranscript
00:00Welcome, Benzinga Nation.
00:01Today, we've got a great guest with us.
00:03It's going to be Dr. Michael Lebbe, who
00:05is the chairman and CEO of Lightwave Logic.
00:07Ticker on the NASDAQ is LWLG.
00:10All access starts right now.
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00:29So we a great of the time that you
00:31left us with last time that I'm looking
00:32to get more clarity on this time around.
00:34But before we dive into that, give
00:36the folks at home a quick overview of what
00:38is it that your company does.
00:40LightWave Logic is a company that's
00:42based in Denver, Colorado.
00:44We create chemistry polymers.
00:47These polymers are turned into little components
00:50that get used in the internet to speed up the internet.
00:53So when you have a problem at home
00:57your video off because you don't have the bandwidths. These types of technologies will
01:02solve that problem. Now, I know last time we spoke, but also in your Q1 Piara, you mentioned
01:08you had some folks come and check out your live demo. So like, what types of visitors come to
01:13see the live demo for your packed polymer modulators? This has been, since we last talked
01:20about three months ago, this has been incredibly busy, incredibly exciting. And yeah, the types of
01:26visitors, we've had over 20 major corporations come look at our packaged polymer modulators.
01:33And the reason being is, is the performance, like we've indicated all along, has really been
01:39blowing people away. Now, I'm not going to go into the technical numbers, but it's certainly
01:43world-class, and it's what the data centers and what we call the hyperscalers are really looking
01:49for. Now, I know you recently achieved world-class performance on your polymer material in the
01:55optical interconnect links. Can you elaborate on the implications of the data center industry
02:00standards, but also how you can use this in future applications as well? So if we think about what
02:08the internet is, it's like a mesh of fiber optic cables that go all over the country.
02:13Yeah. Think of it as like your interstate highway, and the data centers are the intersections.
02:18You know, that's where the traffic gets backed up and, you know, it takes time. It's no different in
02:23the data centers. And actually what's been happening is, is the generative artificial
02:29intelligence, you know, they're really big, exciting push from companies with GPUs like NVIDIA.
02:35They've been generating a lot more information on the internet. And so that's actually forced
02:41or driven the hyperscalers, the data center guys, to upgrade their equipment. And they're
02:46upgrading their equipment to what is known as little boxes called pluggable transceivers that
02:51work at speeds of 800 gigabits per second and beyond. And they're looking, these guys are
02:58looking for technologies to support the upgrades. And our technology fits perfectly into the
03:04performance. These guys are needed to upgrade. If you like the intersections, the traffic
03:10intersections, we call them data centers. Yeah. Now I know it's a little bit different
03:14than what y'all are doing, but doc, every month I check if my apartment building has fiber
03:19capabilities or not. And every month I'm disappointed, but that's okay. Let's keep it
03:24moving. Now I know there are certain things you can tell us certain things you can't, but I have
03:27to ask any insights on the types of strategic partnerships or collaborations that you're
03:32pursuing following the Q1 update that you gave, but also like, how are these partnerships going
03:37to align with your growth objectives that you've laid out for the company? So first of all, a lot
03:42of the visitors, I mean, these are big players, tier one players. And so these are folks that
03:49are really taking a close look at this technology and that's really exciting. But in terms of the
03:54strategic partnerships, obviously what we have is an engine for a pluggable transceiver box. This
04:00is a box that's one inch wide and about four inches long. And those folks we're partnering,
04:06we're partnering with silicon foundries. And I think I mentioned just a couple of months ago
04:12that our technology is now on 200 millimeter silicon wafers. These are silicon wafers that
04:19are eight inches in diameter. This is the commercial standard. And so we're really
04:23excited that our technology is being put onto this type of platform. And so yes, foundries,
04:30as well as manufacturing facilities, as well as packaging. So our focus, our key thing that we
04:38add to the industry is the chemistry, is the polymer. And we're partnering with folks that
04:42really can help scale that in volume. Now, I know in May, you've got your
04:46annual shareholder meeting, but before I ask you about that one final update from the Q1 side,
04:51you went ahead and highlighted your contributions to the IPSR-I, which is your integrated photonic
04:59system roadmaps international. Can you discuss how these positions, right, how it kind of helps
05:05you with the integrated photonics industry and drive that long-term growth opportunity for the
05:10company? Yeah, yes, I can. So if we think, we've all heard, maybe some of us have heard of Moore's
05:17law that was in the silicon industry that started in the sixties with Gordon Moore from Intel.
05:22And what came out of that was an industry roadmap for the silicon industry. It had
05:29red brick walls and things, and it indicated how far the technology could advance in the future.
05:36So the silicon industry has had a roadmap for the last, let's call it 40, maybe even 50 years.
05:42This is the photonics roadmap. This is something that folks have been working on for the last
05:47decade. And what they do is they forecast out over the next 10 to 20 years, the key
05:55technologies that are going to be needed for things like optical communications, the internet
06:00data centers. And the good news is, is that polymers are on that roadmap for the next 20 years,
06:06both from a polymer material standpoint in terms of its performance, like we just demonstrated,
06:12as well as a solution for pluggable transceiver boxes that you find going into servers and
06:19routers on the internet. And so what this roadmap really tells everybody is, is that
06:25we've got a great technology, it's got a great future, and we're really looking quite excited
06:31to see this happen. And when you see things plotted out to the next 20 years, it tells you,
06:37you're on the right track. Well, I want to definitely talk to you in 20 years. However,
06:41I also want a little bit of a sneak peek on what people can expect for your upcoming
06:46in-year shareholders meeting that's happening on May 22nd.
06:50Considering the progress that you made in Q1, right, and the strategic objectives that you've
06:55laid out, provide me some insights on any milestones or developments that you'll discuss,
07:00or possibly even announce during this meeting. So one of the things we're going to do at this
07:05meeting is we're going to show the shareholders actual working demo of our package modulators,
07:11so they can actually see it for themselves. This is really important. We've done this to
07:16the customer base. Now we want to do this to the shareholders. So they'll get a tour of our new
07:21facility or our expanded facility, which I think I reported to do about three to six months ago,
07:28to set up for scaling and volume. We'll also be showing what a 200 millimeter wafer looks like.
07:36So a big silicon wafer where you get thousands of modulators on. We'll also be plotting the
07:41future from a business standpoint. And so one of the pieces of feedback we do get from our
07:48retail investor base, and I thank them for sending me questions pretty much every day of the week,
07:53is we're going to be answering those questions, we'd be addressing those questions, and we'll be
07:59plotting our future in more granularity than we have before.
08:02I love it. I definitely look forward to hearing that. Again, that's on May 22nd, folks.
08:07Before I let you go, Doc, any final thoughts on your end?
08:11This has been a great three months for us. The industry is now seeing that the performance of
08:17modulators or our polymer modulators are really exactly what they're looking for. So that means
08:24as we look forward over the next six, nine, and 12 months, it's going to be really busy.
08:29And so this is an exciting time for us. So it's go lightweight.
08:32I love it. And look, I've been seeing videos of the things that y'all are doing,
08:36but I'm going to have my people talk to your people. And maybe the next time you and I talk,
08:39it's going to be at your facilities and we'll have the things that you're doing in the background.
08:43But thank you so much for your time. I really appreciate it.
08:46Thank you. I enjoyed it, Sunaid.
08:47Absolutely. And that is Dr. Michael Lebbe, who is the chairman and CEO of Lightwave Logic. Ticker
08:54on the NASDAQ is LWLG. And for you at home, thank you for watching All Access.
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