LMRA Lumera Corpration (MM)

Lumera Corporation (NASDAQ:LMRA), a leader in photonic communications, announced today that it had been awarded an extension to a U.S. government contract to continue development of technologically advanced wideband optical modulators. The contract is valued at approximately $900,000; the overall funding value has now reached approximately $7.8 million. �This is further validation of the superiority of our electro-optic devices and materials and, along with other Lumera government contracts, directly parallels our roadmap to commercial products,� said Dr. Raluca Dinu, Vice President � Electro-Optic Business Unit. �Being chosen is recognition of our performance in meeting the technical and financial milestones defined in the contracts.� The objective of this contract is to fabricate low Vpi electro-optic modulators from high performance organic polymers recently scaled up or developed at Lumera. The low Vpi is crucial for development of phased array radar and high performance satellite systems. About Lumera Lumera is a leader in photonic communications. The company designs electro-optic components based on proprietary polymer compounds for the telecommunications and computing industries. 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.