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SOURCE Lightwave Logic, Inc.
Dr. Ross Fasick to Retire
NEWARK, Del., Oct. 3, 2013 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQB: LWLG), a technology company focused on the development of a Next Generation Non Linear Optical Polymer Materials Platform for applications in high speed fiber-optic data communications and optical computing, announced today that Siraj Nour El-Ahmadi will replace Dr. Ross Fasick as a director of the Company effective November 1, 2013. Dr. Fasick, who is retiring, will continue as special advisor to the Board.
Siraj Nour El-Ahmadi is a Co-Founder and CEO of Menara Networks, Inc., located in Dallas, Texas, is a company that develops products and solutions that enhance layered optical transport networks.
Tom Zelibor, Chairman and Chief Executive Officer of Lightwave Logic commented, "We are thrilled that Siraj has agreed to join our Board of Directors. Siraj is a very successful entrepreneur and brings with him over 17 years of experience in the optical transmission field with a particular focus in device design and manufacturing for the telecommunications market. In addition, Siraj has specific expertise in the design and fabrication of optical transceivers and I am certain that he will contribute tremendously to our device commercialization efforts."
"On behalf of the entire Company and Board of Directors, I want to thank Dr. Ross Fasick for the tremendous technical guidance and support he has provided during his Board tenure which began in July of 2008."
Siraj Nour El Ahmadi stated, "I am extremely honored to be joining such a prestigious Board of Directors and to help the management team achieve commercialization of their products. I have been very impressed by the viability of Lightwave Logic's organic nonlinear optical polymer technology and am excited for the opportunity to help Lightwave's team advance their devices and materials into the market."
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Lightwave Logic, Inc. is a development stage company that produces prototype electro-optic demonstration devices and is moving toward commercialization of its high-activity, high-stability organic polymers for applications in 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. For more information, please visit the Company's website, www.lightwavelogic.com.
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The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company's control.
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