Business & Finance
Business and Finance
Business and Finance
Wed, October 14, 2009
Tue, October 13, 2009 Universal Capital Management: Universal Capital Management Pleased by Lightwave Logic's Increasing Progress
WILMINGTON, DE--(Marketwire - October 13, 2009) - Universal Capital Management, Inc. (
In January 2008 Equities Magazine published an article titled "Making Optical Computing a Reality" featuring then Lightwave Logic CEO, Harold Bennett, who explained the impact Lightwave's technology would have on the optical computing world. ([ http://www.equitiesmagazine.com/companies_third_order_nanotechnologies.php ].) When commenting on the limitations of bandwidth speed imposed by conventional modulators, Bennett stated, "The incumbent technology, lithium niobate, is running out of steam, and can really not practically go faster that 10 gigabits." That's where Lightwave's polymer (plastic) modulators come in. Based on news released so far regarding Lightwave's core chromophore that has been made and confirmed with repeated positive test results, this industry breakthrough appears imminent.
According to Lightwave's most recent release, the modulator is on the horizon. Again, citing the Equities article, "A modulator is the necessary component that transmits the information from a computer... into a stream of light that runs over a fiber-optic cable. By switching this laser off and on, the modulator is able to communicate information through the cable." The modulator is able to communicate information significantly faster through the cable with much greater bandwidth. Bennett stated that, "We've created the holy grail for photonics with a potential to unleash a thousand-fold more power that the fastest Pentium™."
According to Michael Queen, CEO of Universal Capital Management, "Terry Turpin is one of the world's most respected optical computing minds of our time. After reading his comments in Lightwave's release, we believe that Lightwave is very close to producing the key component for the all-optical computer. Due to the complexity of the science, this unprecedented progress is likely not being recognized as it should be. To put it plainly, we believe this is as big as the beginning of the personal computer, if not Microsoft itself. We are confident that sooner or later market analysts and Fortune 500 companies alike will realize the vastness of this accomplishment. Universal is ecstatic over this news."
About Universal Capital Management, Inc.
Universal Capital Management, Inc. is a publicly traded business development company under the Investment Act of 1940. Its purpose is to provide an opportunity for its shareholders to diversify risk by investing in a fund that assists its portfolio companies to grow and increase in value. Please refer to the company's website at [ http://www.unicapman.com ].
Forward-Looking Statements
The information contained in this press release may contain "forward-looking statements." You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," "believe," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to the following which could affect Universal Capital Management, Inc. or one or more portfolio companies: general economic and business conditions, effects of continued geopolitical unrest, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patters, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company assumes no obligation to update publicly or revise any forward-looking statements.
