Lumera Secures Contract for Wideband Optical Modulators
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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.
