Lumera Corporation Announces Successful Polymer Modulator Test Results and Updates Progress on its Proposed Merger with GigOptix
23 Giugno 2008 - 2:45PM
Business Wire
Lumera Corporation (NASDAQ:LMRA), a leader in the field of photonic
communications, announced today that it has successfully completed
Telcordia standard reliability testing of its packaged
polymer-based electro-optic modulators. �Achieving positive test
results for our modulators demonstrates the viability of Lumera�s
electro-optic polymer technology for component fabrication. These
results validate that polymer modulators can pass the same rigorous
tests required of industry standard components. Lumera is now in a
position to share reliability test results with potential customers
and business partners; additionally, we are very encouraged with
ongoing customer discussions and particularly with the
possibilities arising in the proposed merger with GigOptix,� said
Dr. Raluca Dinu, Vice President, Electro-Optics Business Unit.
Lumera�s testing program was based on exacting industry standard
tests including high temperature operation at 85 degrees C for
2,000 hours, with 50mW laser power at 1550 nm, temperature cycling
ranging between -40 degrees C and 85 degrees C for 500 cycles, high
temperature storage at 85 degrees C for 2,000 hours, low
temperature storage at -40 degrees C for 72 hours and thermal and
mechanical shock to name a few. While further statistical testing
is necessary, this marks the first time that polymer modulators
have successfully passed reliability tests as specified in the
GR468 standard. Lumera also announced that activities associated
with its proposed merger with GigOptix, LLC are progressing.
Information pertaining to the proposed merger, historical results
for GigOptix LLC and the combined businesses are expected to become
available when an initial Registration Statement on Form S-4 is
filed with the SEC. 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. Lumera
will file with the SEC a registration statement on Form S-4, which
will contain a proxy statement/prospectus regarding the proposed
merger transaction, as well as other relevant documents concerning
the transaction. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE
REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND THESE
OTHER DOCUMENTS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT LUMERA, GIGOPTIX LLC AND THE
PROPOSED TRANSACTION. A definitive proxy statement/prospectus will
be sent to Lumera�s stockholders seeking their approval of Lumera�s
issuance of shares in the transaction and to members of GigOptix
LLC. Investors and security holders may obtain a free copy of the
registration statement and proxy statement/prospectus (when
available) and other documents filed by Lumera with the SEC at the
SEC�s web site at www.sec.gov. Free copies of Lumera�s SEC filings
are available on Lumera�s web site at www.lumera.com and also may
be obtained without charge by directing a request to Lumera
Corporation, 19910 North Creek Parkway, Bothell, WA 98011-3008,
Attention: Investor Relations or by telephoning us at (425)
398-6546. Lumera and its directors and executive officers may be
deemed, under SEC rules, to be participants in the solicitation of
proxies from Lumera�s stockholders with respect to the proposed
transaction. Information regarding Lumera�s directors and executive
officers is included in its annual report on Form 10-K filed with
the SEC on March 17, 2008, as amended by Form 10-K/A filed with the
SEC on March 27, 2008. More detailed information regarding the
identity of potential participants and their direct or indirect
interests in the transaction, by securities holdings or otherwise,
will be set forth in the registration statement and proxy
statement/prospectus and other documents to be filed with the SEC
in connection with the proposed transaction. This communication
shall not constitute an offer to sell or the solicitation of an
offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
Grafico Azioni Lumera (NASDAQ:LMRA)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Lumera (NASDAQ:LMRA)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Lumera Corpration (MM) (NASDAQ): 0 articoli recenti
Più Lumera Corporation Articoli Notizie