Untouched Control Workforce to Expedite Product Commercialization, Pursue Untouched Programs for Proprietary Polymer Fabrics, and Snatch Expansion Alternatives Introduced by means of AI

ENGLEWOOD, Colo., Dec. 11, 2024 /PRNewswire/ — Lightwave Good judgment, Inc. (NASDAQ: LWLG) introduced as of late that it’s wholesome the Corporate’s control group to beef up its aggressive place and boost up product and industrial strategic tasks. The Corporate remainder interested in developing price for all stakeholders by means of capitalizing on high-growth alternatives around the AI and datacenter networking sector, expediting commercialization for its proprietary electro-optic fabrics, and opening unutilized markets and packages for its complicated polymer-based answers.

To handover management for this unutilized level of the corporate’s progress, the Board of Administrators of Lightwave Good judgment has named seeing communications business veteran Yves LeMaitre as Government Officer and previous CEO and Chairman Thomas E. Zelibor as President of the Corporate. The Board has appointed Ronald Bucchi, stream top detached director, as its unutilized non-executive detached Chairman. James S. Marcelli serves as Monetary Officer and Working Officer. Dr. Michael Lebby has retired as Chairman and Government Officer of Lightwave Good judgment, efficient December 10, 2024.

Ron Bucchi, Chairman of the Board, mentioned: “We are committed to taking the necessary steps for our business to continue to evolve and grow. The Board is grateful for all Michael Lebby has accomplished in positioning Lightwave Logic’s best-in-class organic polymer materials at the forefront of next generation photonics and high-speed interconnects. As we advance our commercialization efforts to achieve the Company’s operational and financial goals and increase shareholder value, the Board and Michael agreed that the time is right for new leadership with the experience and business acumen commensurate with this new phase of our company. We appreciate Michael’s support to facilitate an orderly transition in the coming months and wish him success in his future endeavors.”

Mr. Bucchi added: “We are delighted that Yves LeMaitre is joining and Tom Zelibor is rejoining the control group, with the focal point, rigor, and excellence they carry to their roles. Yves is a member of the Board, and a well-regarded trade and seeing communications government with in depth international era and buyer revel in. He’s going to be instrumental in increasing the Corporate’s presence into more than one verticals and settingup the important industrial and strategic partnerships throughout a dimension of industries.

“As our former CEO and Chairman, Tom knows Lightwave Logic’s teams and shareholder base well. With his proven track record of operational transformation and excellence, he is the ideal person to step into this role and drive the changes we need,” concluded Mr. Bucchi.

Mr. LeMaitre mentioned, “I am excited to have the opportunity to lead this organization at such a time of change and opportunity. Lightwave Logic is uniquely positioned to become a critical supplier of solutions for the generative AI market. We believe the disruptive performance benefits of our materials can enable the fast and energy-efficient scaling of AI back-end and datacenter front-end networks. Our team also will continue to prioritize relationships with Tier One customers for licensing and selling our polymer modulators.”

For Mr. LeMaitre’s complete bio, please seek advice from https://www.lightwavelogic.com/leadership/board-of-directors/executive-team/.

Rear Admiral USN (Ret.) Zelibor commented, “I look forward to being back on-site in Denver with the team. My priorities will be commercializing our world-class polymer platform, realigning and streamlining our R&D focus, and, along with our talented team, managing costs to improve our competitiveness and financial performance while we make the operational shifts needed to position our company for long-term success.”

For Rear Admiral USN (Ret.) Zelibor’s complete bio, please seek advice from https://www.lightwavelogic.com/leadership/board-of-directors/executive-team/.

The Corporate intends to handover updates because the control group establishes themselves of their roles. As well as, Lightwave Good judgment has occupied Alpha IR Crew, the U.S.-focused investor family members guide, which shall be supporting conversation and knowledge for shareholders.

About Lightwave Good judgment, Inc.
Lightwave Good judgment, Inc. (NASDAQ: LWLG) www.lightwavelogic.com is a era platform corporate leveraging its proprietary engineered electro-optic (EO) polymers to transmit knowledge at upper speeds with much less energy in a little mode issue. The Corporate’s grand job and grand steadiness natural polymers permit it to form next-generation photonic EO gadgets that convert knowledge from electric alerts into brightness/seeing alerts for packages in telecommunications, and for knowledge transmission probably old to help generative AI.

Safeguard Harbor Remark 
The ideas posted on this drop would possibly comprise forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Operate of 1995. You’ll establish those statements by means of worth of the phrases “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and related expressions. Ahead-looking statements contain dangers and uncertainties that would reason latest effects to vary materially from the ones projected or expected. Those dangers and uncertainties come with, however don’t seem to be restricted to, inadequency of to be had investment; common financial and trade situations; festival from 3rd events; highbrow constituent rights of 3rd events; regulatory constraints; adjustments in era and forms of promoting; delays in finishing diverse engineering and production techniques; adjustments in buyer series patterns; adjustments in product combine; luck in technological advances and turning in technological inventions; shortages in elements; manufacturing delays because of efficiency attribute problems with outsourced elements; the ones occasions and elements described by means of us in Merchandise 1.A “Risk Factors” in our most up-to-date Method 10-Okay and 10-Q; alternative dangers to which our corporate is matter; alternative elements past the corporate’s keep an eye on.

Contacts:
Ryan Coleman or Nick Teves
Alpha IR Crew for Lightwave Good judgment
[email protected]
312-445-2870

SOURCE Lightwave Good judgment, Inc.

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