Lumera Corporation Announces Government Contract
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Lumera Corporation (NASDAQ: LMRA), a leader in the field of photonic
communications, announced today that the Defense Advanced Research
Projects Agency (DARPA) had formally awarded the company Phase III of
the contract tentatively approved in July 2006. In a recent meeting,
DARPA officials indicated that all milestones contingent on the award
had been successfully met by Lumera. The 12 month contract amount is
$2.4 million.
"The technical achievements realized to attain
these milestones represent truly breakthrough efforts,”
said Dr. Raluca Dinu, Vice President –
Electro-Optics Business Unit. "Our 1.2 V
driving voltage and 7 – 8 dB insertion loss on
a stable 40 GHz modulator are, to our knowledge, unmatched by anyone.”
The contract involves developing materials with unprecedented
electro-optic coefficients, with qualified thermal and photo-stability,
and processing them into devices. The combination of reduced drive
voltage and optical loss will enable defense applications that are
impractical with currently available optical modulator technologies.
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.
