Lightwave Logic to Focus on Execution of its Strategic Plan Under Refreshed Leadership Team; Appoints Yves LeMaitre as CEO and Thomas E. Zelibor as President

Core Insights - Lightwave Logic, Inc. is enhancing its management team to strengthen its competitive position and accelerate product commercialization, particularly in the AI and datacenter networking sectors [1][3] - The company aims to create value for stakeholders by capitalizing on high-growth opportunities and expediting the commercialization of its proprietary electro-optic materials [1][8] Management Changes - Yves LeMaitre has been appointed as the new CEO, with Thomas E. Zelibor taking on the role of President, while Ronald Bucchi becomes the non-executive independent Chairman [2][3] - The Board of Directors expressed gratitude towards former CEO Michael Lebby for his contributions and emphasized the need for new leadership to drive the company's next phase of growth [3][4] Strategic Focus - The new management team is committed to commercializing the company's polymer platform, realigning R&D efforts, and managing costs to enhance competitiveness and financial performance [6] - LeMaitre highlighted the company's unique position to supply solutions for the generative AI market, emphasizing the performance benefits of their materials for scaling AI networks [5][8] Future Plans - Lightwave Logic plans to provide updates as the new management team settles into their roles and has engaged Alpha IR Group for investor relations support [7] - The company is focused on establishing commercial and strategic partnerships across various industries to expand its market presence [3][5]