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.

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.”

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