Lightwave Logic, Inc..
LWLG.US | Manufacture of electronic components and boards
Lightwave Logic, Inc. is a development-stage company focused on developing and commercializing electro-optic polymers for high-speed fiber-optic data communications and telecommunications. The company designs and synthesizes chromophores and polymers, and it develops optical devices. Its primary foc...Show More
Better Health for All
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No relevant data was found in the provided articles to assess LWLG.US against the 'Better Health for All' ethical value. All articles resulted in 404 errors or indicated no content, preventing any evaluation of the company's health impact, safety record, accessibility, or other related initiatives.
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Fair Money & Economic Opportunity
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Lightwave Logic, Inc. is a development-stage company focused on developing and commercializing electro-optic polymers for high-speed fiber-optic data communications.
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Its core business is technology, not financial services. The company does not offer lending, deposit, insurance, or other financial products to consumers or businesses.
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Therefore, all KPIs under the 'Fair Money & Economic Opportunity' value, which are designed to assess financial institutions, are not applicable to Lightwave Logic, Inc.'s operations, and no relevant evidence was found in the provided articles.
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Fair Pay & Worker Respect
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The company's Glassdoor overall rating is 4.40 out of 5, which translates to an 88% employee engagement/satisfaction index.
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The company offers a total rewards package that includes healthcare benefits, and for the CFO role, it specifies fully paid medical, dental, and vision coverage for employees and dependents.
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The CEO is also eligible to participate in the company's health insurance plan.
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The company has 21 full-time employees and expects to add 9 more in 2023.
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It states a commitment to providing a healthy and safe workplace, operating in accordance with established health and safety protocols, and regularly conducting self-assessments.
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The company also emphasizes creating a culture of diversity and inclusion where employees feel respected and treated equally.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Lightwave Logic, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No evidence available to assess Lightwave Logic, Inc. on Honest & Fair Business.
Kind to Animals
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No specific, concrete data points or relevant information regarding Lightwave Logic, Inc.'s (LWLG.US) performance on any of the 'Kind to Animals' KPIs were found in the provided articles.
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Therefore, all KPIs have been omitted due to a lack of evidence.
No War, No Weapons
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Lightwave Logic, Inc. is a development-stage company focused on electro-optic polymers for high-speed fiber-optic telecommunication systems.
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The 2009 10-K report states that the company reported no revenue for 2008 and 2009, and explicitly notes that no information was found regarding its involvement in arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, or conflict divestment.
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Given the company's core business and lack of revenue, it has no defense or arms-related activities, no defense business to oversee, no exposure to controversial weapons, no defense assets to divest, and no procurement from conflict zones. The company's exclusive focus on developing electro-optic polymers for civilian telecommunications implies a 100:0 ratio of peace technology to military technology investment, as its technology is aimed at improving bandwidth and reducing power consumption in data centers and telecommunications infrastructure.
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Planet-Friendly Business
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Lightwave Logic, Inc. received the 2023 Industry Award for Most Innovative Hybrid PIC/Optical Integration Platform from the European Conference on Optical Communications (ECOC), held in Glasgow, Scotland.
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This award recognized the company's electro-optic (EO) polymer technology, which enables data transmission at higher speeds with less power in a small form factor.
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The innovative product category for this award included considerations for environmental and carbon footprint based design features.
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Respect for Cultures & Communities
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No evidence available to assess Lightwave Logic, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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The company has not suffered any material security breaches or compromises, nor has it been required to notify individuals of any data security incidents.
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It has established commercially reasonable disaster recovery and security plans, procedures, and facilities consistent with industry standards.
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To the company's knowledge, there has been no unauthorized or illegal use of or access to its IT assets or sensitive data.
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The company does not collect personally identifiable information from users unless they manually complete a contact form, and users have an opportunity to opt-out of announcements.
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It is in material compliance with all applicable privacy, data security, and data protection laws and regulations, and has internal policies and procedures designed to ensure data integrity and security.
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The company's privacy policy indicates that information about computer hardware and software may be automatically collected, and it uses collected information for service operation, quality, and general statistics.
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Zero Waste & Sustainable Products
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The provided articles, which are primarily financial reports and company overviews, do not contain specific, quantifiable data points related to waste management, product recyclability, packaging sustainability, or other zero waste and sustainable product initiatives.
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While the company's technology is noted for its potential to enable lower power consumption and smaller device footprints, these are inferences about product benefits rather than direct evidence of implemented waste reduction programs, certifications, or specific product lifecycle metrics.
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Therefore, no KPIs can be scored based on the available information.