June 12, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Lightwave Logic, Inc. (OTCBB: LWLG) said it has inked a technology application development subcontract agreement with Celestech, Inc., a technology development and engineering firm. Under terms of the agreement, Lightwave will provide development-engineering support to Celestech in exchange for a cash fee based upon a direct hourly rate. According to Lightwave, the support will initially focus on the concept, analysis, modeling and optical and system engineering steps to integrate Lightwave Logic's 'Next Generation Electro-Optic Material Platform' into an optical computing application.

Delaware-based Celestech is a technology development and engineering firm that provides innovations in computing, communications, analytics, and signal processing.

In addition, the company conducts technology research and develops innovative enabling capabilities that make use of evolving and newly emerging technologies. Lightwave provides turn-key projects, engineering services, and embedded value added products for government and commercial organizations.  

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [prfssnlsrvctsrc] [systmspprtrpys] [prtnrshpsphs] [tchnlgy] [infrntntchnlgy] [ftrdnwswnd]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.