Lightwave Logic, Inc.

A Risk Factors ; other risks to which our Company is subject; and other factors beyond the Company’s control. Any forward-looking statement made by us in this Annual Report on Form 10-K is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. ii PART I Item 1. Business . Overview Lightwave Logic, Inc. is a specialty materials and intellectual property company focused on the development and commercialization of proprietary electro-optic ( EO ) polymer materials designed to enable high-speed optical modulators for data communications and other photonic applications. Our Perkinamine family of EO polymer materials is engineered for integration into silicon photonics ( SiPh ) and other photonic integrated circuit ( PIC ) platforms. When incorporated into device architectures, these materials are designed to support high-speed, high-bandwidth optical modulation with lower drive voltage requirements relative to certain conventional silicon-based approaches and certain other traditional photonic material systems, including III-V based compound semiconductor technologies. The electro-optic properties of these materials can allow shorter interaction lengths in modulator designs, which can contribute to more compact device footprints and increased integration density.