Lightwave Logic, Inc. a technology platform company, announced the completion of new laboratory production facilities, expanding the corporate facility at 369 Inverness Pkwy, in Englewood by nearly 10,000 square feet for a total of approximately 23,500 square feet to support new commercial activity. According to the Computing Technology Industry Association, Colorado’s tech industry has an economic impact of $52.6 billion, or 12.2% of the state’s economy, the fifth highest among all states.
The renovations and installation of new laboratory and engineering facilities expand the size of the company’s Englewoodfacility by over 65 percent, enabling commercial device testing and evaluation, production reliability testing, laser characterization, SEM analysis and the expansion of the company’s chemical synthesis production line. The facility will support the company’s recently added team members, including organic chemists as well as photonics, packaging and reliability engineers which will bring the company’s headcount to 33 team members.
“As we enter into this exciting new phase of advancing our commercial business plans, we believe that we now have the team and the facilities in place to make our electro-optic polymers ubiquitous,” said Dr. Michael Lebby, chairman and chief executive officer of Lightwave Logic. “This additional space allows us to grow our technical capabilities to produce, evaluate and improve our electro-optic polymer materials. The space will be utilized to support commercial material supply and license agreements – such as our recent first agreement – to provide Perkinamine® chromophore materials for polymer-based photonic devices and photonic integrated circuits (PICs). Combined with several new experienced engineers, we are quickly ramping our operational capabilities to support our commercialization effort and positioning Lightwave Logic for the future, which should be exciting news to our customers and shareholders alike.”
Lightwave Logic’s management, device development and chemistry teams are located together at its headquarters site in the Denver Tech Center. The location is outfitted for synthesis, fabrication and testing facilities including a class 100 cleanroom.
