Lumera Secures Contract for Wideband Optical Modulators |
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GigOptix Inc.
2400 Geng Road, Suite 100
Palo Alto, CA, 94303
USA
Press release date: March 31, 2008
BOTHELL, Wash.--March 31, 2008--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 lumera.com.
CONTACT: The Summit Group Communications Media Contact Todd Wolfenbarger, 801-595-1155 Cell: 801-244-9600
SOURCE: Lumera Corporation
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