Lightwave acquires rights to Corning patents

LONGMONT – Lightwave Logic Inc. in Longmont has signed a deal to license patents from New York-based Corning Inc.  (NYSE: GLW) enabling Lightwave to develop next-generation photonic devices to be used in high-speed fiber-optic data communications.

Terms of the deal were not disclosed.

Photonics is a technology comparable to semiconductors, but with the capability to provide greater bandwidth, energy savings, farther communication distances and are less sensitive to interference, according to the industry.

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Lightwave produces prototype electro-optic demonstration devices and is moving toward commercialization of organic polymers for applications in the electro-optical device markets. Electro-optical devices convert data from electric signals into optical signals for use in high-speed fiber-optic telecommunications systems and optical computers. Electro-optic refers to the effects electricity has on optical materials such as a change in refraction.

Tom Zelibor, chairman and CEO of Lightwave, said acquiring the rights to Corning’s organic electro-optical materials will allow Lightwave to “create devices that will meet the demands of data centers and telecommunications networks for many years to come.”