Jun 19 2010
Lightwave Logic announced that it has signed a technology application development contract with Celestech, a technology development company. Lightwave Logic concentrates on the development of 'Next Generation Electro-Optic Polymer Material Platform' for use in optical computing, and high-speed fiber-optic data communication.
According to the deal, Lightwave will offer engineering and development assistance to Celestech for hourly-based cash fee. Lightwave will initially provide support for concept, modeling, analysis, and optical engineering steps to help in integrating its Electro-Optic Material Platform into optical computing system.
Rusty Topping, General Manager and EVP of Celestech, stated that collaborating with Lightwave Logic would pave the way for vital optical domain proficiency. The CEO of Lightwave Logic, Jim Marcelli noted that the motive of the company is to gain maximum monetary benefits from their distinct electro-optic material platform.
Terry Turpin of Lightwave Logic expressed their pleasure to work with Celestech, a company that is well-experienced in developing innovative approaches for optical computing applications.
Source: http://www.lightwavelogic.com/