Lumera Announces Shipment of Production Devices to Multiple Customers
September 19 2005 - 5:46PM
Business Wire
Lumera Corporation (NASDAQ:LMRA), an emerging leader in the field
of nanotechnology, announced today that it has successfully shipped
electro-optic modulators to multiple customers. During the past six
months, Lumera has received orders for electro-optic modulators
from Raytheon, undisclosed defense contractors and government
agencies. Additionally, a semiconductor chip company ordered
modulators to evaluate for board level and chip level optical
interconnects. "Today is another important milestone for Lumera,"
said Lumera Chief Executive Officer Tom Mino. "It is a measurement
of our evolution from a world class research company to one that is
delivering viable commercial products into the marketplace." Lumera
is using proprietary nanotechnology to develop unique materials
addressing several multi-billion dollar marketplaces. Lumera is
currently developing products for the optical/telecommunications,
and the bioscience/biotech marketplaces. "We continue to see
significant revenue opportunities for our proprietary products and
technology," continued Mino. "We view the shipping of products as
positive evidence of our ability to pursue these opportunities."
About Lumera Lumera is an emerging leader in the field of
nanotechnology. The company designs proprietary molecular
structures and polymer compounds for a broad range of
electro-optic, bioscience, RF and specialty nanotechnology
applications. The company also has developed proprietary processes
for fabricating such devices. For more information, please visit
www.lumera.com Certain statements contained in this release are
forward-looking statements that involve a number of risks and
uncertainties. Factors that could cause actual results to differ
materially from those projected in the company's forward-looking
statements include the following: market acceptance of our
technologies and products; our ability to obtain financing; our
financial and technical resources relative to those of our
competitors; our ability to keep up with rapid technological
change; government regulation of our technologies; our ability to
enforce our intellectual property rights and protect our
proprietary technologies; the ability to obtain additional contract
awards and to develop partnership opportunities; the timing of
commercial product launches; the ability to achieve key technical
milestones in key products; and other risk factors identified from
time to time in the company's SEC reports, including its Annual
Report on Form 10-K, and its Quarterly Reports on Form 10-Q.
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