LMRA Lumera Corpration (MM)

Lumera Adds Donald Guthrie, Fraser Black and James Judson to Board of Directors - Technology Veterans Strengthen Board With Experience and Expertise - BOTHELL, Wash., Oct. 25 /PRNewswire-FirstCall/ -- Lumera Corporation, (NASDAQ:LMRA), has named business and technology veterans Donald Guthrie, Fraser Black and James Judson to the company's Board of Directors. "We have significantly strengthened the company with the addition of our three new board members," said Lumera CEO Thomas D. Mino. "Each brings a unique skill set that has been proven over decades of experience in business. They will each provide sage counsel and guidance to Lumera as we continue to grow and realize our potential as a nanotechnology leader." Donald Guthrie will serve as the Chairman of Lumera's Audit Committee and as a member of the Compensation Committee. Guthrie joins the Board having previously served as Vice Chairman and Chief Financial Officer of the Western Wireless Corporation; as Vice Chairman of VoiceStream Wireless, now T-Mobile USA subsequent to its acquisition by Deutsche Telekom AG; and as a Senior Vice President and Treasurer of McCaw Cellular. Fraser Black will serve as a member of Lumera's Audit Committee and Compensation Committee. Over the course of his business career he served as Chief Financial Officer of ONYX Software, a publicly traded CRM enterprise software developer. He has also served as a Managing Partner at Pioneer Square Properties, a real estate property management and development company. James Judson will serve as a member of Lumera's Audit Committee and the Nominating and Governance Committee. Judson co-founded Eagle River Investments, LLC, a Kirkland-based venture capital fund that focuses on communications and has been a business law partner at the law firm of Davis Wright Tremaine in Seattle since 1975. Lumera announced last month that it had developed a revolutionary electro-optic polymer -- a molecularly engineered material -- that has unprecedented performance for advanced, high performance materials. Lumera is using the technology and materials to develop a number of new products that will allow the company to expand in, or enter new markets. For example, the company is developing modulators that have highly linear responses for cable TV (CATV) optical links and hybrid wireless/fiber optic networks. Additionally, external modulators that can operate at 10-40 GHz in metro applications, transponders, and long haul fiber optic network build-outs are being evaluated by potential customers. All have broad potential in markets that are gaining momentum in North America, Europe, and Asia. The markets for these various products are forecasted to be greater than $5 billion by 2007. 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, RF and specialty coating applications. The company also has developed proprietary processes for fabricating such devices. For more information, visit: http://www.lumera.com/ DATASOURCE: Lumera Corporation CONTACT: Todd Wolfenbarger of The Summit Group Communications, +1-801-595-1155, or cell, +1-801-244-9600, for Lumera Corporation Web site: http://www.lumera.com/

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