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Lightwave Logic Announces the Appointment of Prominent Venture Capitalist and Entrepreneur, George Lauro to its Board of Directors
LONGMONT, Colo., May 13, 2014 /PRNewswire/ -- Lightwave Logic, Inc. (OTCQB: LWLG), a technology company focused on the development of Next Generation Photonic Devices and Non-Linear Optical Polymer Materials Systems for applications in high speed fiber-optic data communications and optical computing, announced today that George Lauro has been appointed to the Company's Board of Directors.
Mr. Lauro has 25 years of experience as a technology entrepreneur, operating executive and venture capitalist. He was a Managing Director at Wasserstein Perella, and head of West Coast technology investing. He has led and syndicated 18 private equity financing rounds and control deals, raising over $100M equity financing for portfolio companies and completed over $1 billion in M&A transactions.
After attending Brown (BSEE), the Wharton School (MBA) and MIT (graduate studies aeronautical engineering), Mr. Lauro began an extensive and varied career in the hi-tech industry holding positions primarily focused on the commercialization of emerging technologies. He served as the Director of Technology Commercialization at IBM where he was responsible for transitioning technologies from research labs to the market. Also, he was the Director of New Business Development for Motorola. Mr. Lauro has previously served on numerous corporate boards of both public and private technology companies.
Tom Zelibor, Lightwave Logic's Chairman and Chief Executive Officer commented, "We are all very excited to have George join our Board of Directors. This is the perfect time in our Company's development to have someone with George's wide-ranging skill set and connections join our Board. His expertise with early technology commercialization, financial engineering, and investor presentation and messaging align perfectly with our needs and objectives."
Mr. Lauro said, "I am delighted to be joining the Board of a dynamic company like Lightwave Logic. I believe that the Company's proprietary organic materials and related photonic components could have a huge commercial impact across the datacom, telecom and computing sectors. I look forward to helping the Company and team achieve this potential."
For more information about Lightwave Logic, please visit the Company's website at following URL: www.lightwavelogic.com
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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, about the Company please visit the corporate website at: www.lightwavelogic.com.
Safe Harbor Statement
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.