Former VP of DuPont Polymers and Automotive Products Joins Lightwave Logic Board
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WILMINGTON, Del., July 22 /PRNewswire-FirstCall/ -- Lightwave Logic, Inc.
(OTC Bulletin Board: LWLG) ( http://lightwavelogic.com ), a technology company
focused on the development of electro-optic polymer materials for applications
in high-speed fiber-optic telecommunications and optical computing, announced
today the addition of Dr. Ross Fasick to its Board of Directors. Dr. Fasick
has a broad spectrum of global business and chemistry experience that spans
over thirty years.
Dr. Fasick spent the early years of his career with DuPont as a research
chemist primarily working with polymers and dyes. During his thirty year
tenure at DuPont, Dr. Fasick held diverse positions ranging from manufacturing
and business development to making divestitures and acquisitions. He served
as both President of DuPont's Brazil division and Director of worldwide paint
operations. He completed his DuPont career as Senior VP of Polymers and
Automotive, a division that generated multi-billion dollar annual revenues.
Since his retirement, Dr. Fasick has remained an active board and committee
member for private college and pre-college level institutions. Dr Fasick
earned his Ph.D. in organic chemistry at the University of Delaware.
According to Hal Bennett, Lightwave's chief executive officer, "Dr.
Fasick's technical experience with polymers coupled with his global marketing
expertise and senior executive knowledge will be instrumental in Lightwave's
commercialization objectives."
About Lightwave Logic, Inc.
Lightwave Logic, Inc. is a development stage company, moving toward
prototype demonstration and 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. Lightwave Logic, Inc. is a portfolio company of
Universal Capital Management, Inc. (OTC Bulletin Board: UCMT). Please visit
the Company's website, www.lightwavelogic.com , for more information.
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, general economic and business
conditions, effects of continued geopolitical unrest and regional conflicts,
competition, changes in technology and methods of marketing, delays in
completing various engineering and manufacturing programs, changes in customer
order patterns, changes in product mix, continued success in technological
advances and delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's control.
SOURCE Lightwave Logic, Inc.
Lightwave Logic, Inc., +1-302-998-8824
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