Technology firm moving HQ to Longmont
Last Updated: 15:50 December 13, 2013
Lightwave Logic Inc. in Newark, Delaware is leasing 4,720 square feet at 1831 Lefthand Circle from Goff Capital Partners LP, according to documents filed with the Securities and Exchange Commission.
Steven Cordovano, director of corporate communications for Lightwave, said about five people will be employed at the office in Longmont, and another five employees will remain in Delaware at the company's chemical synthesis laboratory.
Cordovano said the company chose Longmont for its headquarters because it has been working with scientist Alan Mickelson at the University of Colorado-Boulder in developing the organic materials. Mickelson runs the Guided Wave Optics Laboratory at CU's Engineering Center. Also, Lightwave's chairman and chief executive Tom Zelibor, and its president and chief operating officer James S. Marcelli live in Colorado.
The company believes these materials made with organic compounds can improve performance and reduce cost of optical devices and sub-systems. The materials, the company believes, have a broad application in military and commercial markets.
Electro-optical devices convert data from electric signals into optical signals for use in high-speed fiber-optic telecommunications systems and optical computers.
Initially founded as PSI-TEC Corp., Lightwave Logic Inc. became an over the counter publicly traded company in July 2004 with the trading symbol LWLG.
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