7 Best Nanotech Penny Stocks to Invest In

3. Lightwave Logic Inc. (NASDAQ:LWLG)

Number of Hedge Fund Holders: 3

Share Price as of February 11: $1.7

Lightwave Logic Inc. (NASDAQ:LWLG) develops nanotech-enabled photonic devices and electro-optical polymer materials for fiber-optic communications and optical computing. It designs and synthesizes organic chromophores for its electro-optic polymer systems, which align with nanotech applications. These are used in modulators and polymer photonic integrated circuits for converting electrical signals to optical signals.

The company has a unique electro-optic (EO) polymer technology. These polymers are designed to transmit data at much higher speeds while using less power, all within a smaller device footprint. This is an advantage in today’s data-intensive world. The company is using these polymers to develop next-generation photonic devices. These devices convert data from electrical signals into light (optical) signals. This conversion is essential for high-speed data transmission, with key applications in telecommunications and GenAI.

A significant achievement for Lightwave Logic Inc. (NASDAQ:LWLG) is demonstrating drive levels below 0.5V with its EO polymer modulators. This is an improvement in performance and power efficiency, making its technology attractive for data centers. The company had $27 million in cash and cash equivalents as of September 30, 2024. This funding is sufficient to support its operations through February 2026.