Lumera Corporation Announces DARPA SBIR Contract |
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GigOptix Inc.
2400 Geng Road, Suite 100
Palo Alto, CA, 94303
USA
Press release date: March 24, 2008
BOTHELL, Wash., Mar 24, 2008 -- Lumera Corporation (NASDAQ:LMRA), a leader in the field of photonic communications, announced today that it has been awarded a Defense Advanced Research Projects Agency (DARPA) phase I Small Business Innovation Research contract in the amount of $98,933 to design and fabricate polymer devices. Upon successful completion of certain milestones, Lumera could receive a subsequent contract in the range of $750,000.
"It is gratifying to see, by this contract award, DARPA's confidence in our capabilities to develop superior electro-optic polymer materials," said Dr. Raluca Dinu, Vice President, Electro-Optic Business Unit. "The final goal and end product of the contract will be to economically produce high bandwidth, small chip, stable, low voltage, low loss, ultra linear high EO coefficient polymer directional coupler modulators. We are up to the task and look forward to reaching that objective."
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. Through its wholly owned subsidiary, Plexera Bioscience LLC, the company is also in the bioscience industry. Plexera is focused on providing the life sciences market with tools, content, and methods to simplify and accelerate proteomic discovery for therapeutic antibodies as well as predictive biomarkers. For more information, please visit lumera.com.
SOURCE: Lumera Corporation
Lumera Corporation Investor Relations Helene F. Jaillet, Ph.D., 425-398-6546 or The Summit Group Communications Media Todd Wolfenbarger, 801-595-1155 Cell: 801-244-9600
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