Lightwave Logic Inc. (NASDAQ:LWLG) shares are trending on Wednesday night.
Shares of the technology platform company jumped 29.89% in after-hours trading on Wednesday to $6.52.
LWLG closed the regular session at $5.02, up 15.14%, according to Benzinga Pro data.
What’s Behind the Rally
The surge in extended trading followed Lightwave’s announcement of a development agreement with Israeli integrated circuit manufacturer Tower Semiconductor to integrate its electro-optic polymer-based modulator reference designs into Tower’s PH18 silicon photonics process design kit (PDK).
Tower’s PH18 is a 200mm SiPho foundry platform developed in Newport Beach, California. It is designed to support the growing demand for data center interconnects operating in both the O-band and C-band optical ranges.
According to Lightwave, under …
