This is Why Lightwave Logic Inc (OTCMKTS:LWLG) Is Skyrocketing

Shares of Lightwave Logic Inc (OTCMKTS:LWLG) are skyrocketing following the confirmation of a breakthrough, on the development of clean-technology polymer materials. Investors have continued to push the stock up the chart, as the discovery paves the way for the company to address insatiable demand for fast and efficient data communications.

Share Price Analysis

The stock rallying by more than 100% attests to renewed investor interest in the stock, after a long period of underperformance. After shedding more than 40% in market value in 2018, the stock is once again surging having recouped all the losses accrued last year.The stock is back to one-year highs as the upward momentum continues to gather pace. A spike in share price, as well as market activity, come on a growing belief that the company remains well positioned to generate significant value in the multimillion-dollar telecom and data market with its latest innovation.After the recent spike, the stock is staring at the $1.30 level, seen as the immediate resistance level. A breach of the resistance level should affirm the bullish momentum, setting the stage for the stock to make a run for two-year highs.Above $1.30, Lightwave Logic would be on its way to $1.70, seen as the next resistance level. Pullbacks from current highs will have to contend with the $1 a share level, seen as the immediate support level. Above the critical support level, the stock remains bullish. LWLG Daily ChartConversely, a breach of the $1 a share support level would leave the stock susceptible to further drops in continuation of the long-term bear trend.

About Lightwave Logic

Lightwave Logics bills itself as a technology company focused on the development of photonic devices as well as non-linear optical polymer material systems, for fiber optic data communications. The company operates under two segments of material development and prototype device design and development.

Why is Lightwave Logic Skyrocketing?

Lightwave Logic is skyrocketing on succeeding on the development of clean technology polymer material, which targets the multibillion-telecom and data markets. The company’s latest innovation details a thermally stable polymer whose electro-optic response is more than double what current materials can produce.The improvement means the material can enable optical device performance of more than 100 GHz with low power requirements. The company is still conducting additional tests of the materials, before embarking on full device development.

“Polymer electro-optics can break through today’s technology limitations to give us both fast and energy efficient data communications. We are anxious to get this material into a test device within the next 6 months while we continue developing existing polymer device prototypes for evaluation by potential customers,” said CEO Michael Lebby.

The new polymer material made from advanced energy-saving plastics technology is poised to be a game changer in the telecommunication industry. For starters, it will help in the reduction of costs as well as natural resources and energy consumed by data centers and data communications network. In addition, it should go a long way in enhancing infrastructure to address the insatiable demand for 5G and IoT.The company has since formed an advisory board, tasked with the responsibility of working with the company’s leadership to enhance product positioning and promotion of the new polymer modulator. The board is made up of Dr. Craig Ciesla, Dr. Christoph S. Harder, and Mr. Andreas Umbach.

“I am delighted that these experienced executives have chosen to allocate their valuable time to joining us in our mission to bring electro-optic polymers and modulators to market. Each of them is truly excellent. Our meeting in San Diego has yielded valuable insights to better position Lightwave Logic in the marketplace with the right partners for success,” said Mr. Lebby.

Lightwave Logics has also secured $25 million in new financing as part of a purchase agreement with Lincoln Park Capital Fund. The new financing should go a long way in financing the company’s activities as it continues the development and commercialization of its fiber optic products.

Bottom Line

Lightwave Logics has achieved a significant milestone on the development of fiber optic materials that looks set to be a game changer in the data center industry. The fact that its new material has the potential to reduce costs as well as energy consumptions when it comes to data transmission all but affirms its credentials and prospects in the multi-billion-dollar industry.The stock is likely to continue powering higher as investors take note of the tremendous opportunity the company has with its new polymer material.We will be updating our subscribers as soon as we know more. For the latest updates on LWLG, sign up below!Disclosure: We have no position in LWLG and have not been compensated for this article.