Lightwave Logic, Inc. announced the company's first commercial material supply license agreement for its Perkinamine chromophore materials. This initial commercial material supply license agreement will provide Perkinamine Chromophore materials for polymer based photonic devices and photonic integrated circuits (PICs). Supplying licensed materials is one prong of the Company's three-prong revenue model and business strategy that includes polymer modulator products as well as technology transfer.

The license agreement represents tangible commercial progress for electro-optic polymer material, license initiation fee, per unit royalties, minimum royalty levels that increase annually, and minimum sales volume in units.