Lumera Corporation Announces Order for 100 Gbps Modulator

Lumera Corporation (NASDAQ:LMRA), a leader in the field of photonic communications, announced today it is now readying for launch its 100 Gbps electro-optic polymer modulator that will become the first known modulator in the world to transmit at 100 Gbps data rates. Additionally, Lumera announced it has received an order from a well known research institution for the modulator. Specific terms of the contract were not disclosed. Earlier this month, the company introduced its 40 Gbps modulator and indicated that market dynamics were quickly shaping to support its upcoming 100 Gbps product. Lumera sees bandwidth demand increasing rapidly as system designers are developing higher bandwidth networks to meet market requirements. The market opportunity for a polymer solution rests in the material's ability to optimize bandwidth while keeping power needs, and resulting heat, at low levels. This is something that existing crystalline materials cannot accomplish efficiently. Professor Larry Dalton, an award-winning professor at the University of Washington and a global expert in the development of electro-optic materials, believes that the time for a shift to a disruptive technology such as electro-optic polymers is now at hand. "For modulators based on crystalline technologies the bandwidth is compromised as you lower the driving voltage,” said Dr. Larry Dalton. "To solve this dilemma, Lumera’s electro-optic polymer modulators are the best and, right now, only known solution, as they offer simultaneously low driving voltage and extremely high bandwidth.” "We are at the crossroads of a significant shift occurring in the way communications networks are built,” said Dr. Joseph Vallner, interim CEO of Lumera. "As communications demands continue to increase, the adoption of polymer technology as a reliable alternative to crystalline materials will become critical. Lumera expects to be a leader of that evolution.” For its part, Lumera expects to aggressively market the unique value proposition of its modulators to system developers by demonstrating that polymers are a superior and reliable alternative to crystalline materials. About Lumera Lumera is a leader in the field of photonic communications. The company designs electro-optic components based on proprietary polymer compounds for the communications/computing industries. The company also has developed proprietary designs and 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.