Lumera Receives Additional Patent; Award Increases Company's Growing Intellectual Property Assets
BOTHELL, Wash., Jan. 18 /PRNewswire-FirstCall/ -- Lumera Corporation has received the third in a series of patents covering the company's fundamental technology. This patent family protects the highly efficient electro-optic materials and devices that Lumera is developing and bringing to market.
Electro-optic polymers have fundamental advantages over current materials used to fabricate components for optical communication. These advantages offer significantly higher bandwidths and improved power efficiency combined with simplified, low cost fabrication.
However, the practical lifetime of electro-optic polymers is a critical issue that has been actively researched for many years. Lumera's patented technology uses molecular-level material modification to provide improvements in both lifetime and efficiency.
"In the past, other approaches to increase the lifetime of electro-optic polymers also reduced their efficiency," explains Tom Mino, Lumera's CEO, "but we've found that, with our proprietary modifications, we can increase both the lifetime and efficiency."
Lumera currently has three issued and four allowed patents and has over 30 patent applications pending that address markets such as fiber optic communications, biotechnology, and wireless communications. The most recently issued patent number is 6,822,384, which joins the related patents 6,750,603 and 6,716,995.
"We have been aggressively protecting the intellectual property around our competency in several areas including electro-optic polymers and devices, biotechnology instruments and disposables, and smart antennas for wireless communication," continued Mino. "Government agencies have been interested in this technology from our inception, and we continue to derive revenue for those efforts; but now we are seeing strong interest from companies in the optical modulator market and biotechnology sector as well."
Lumera is an emerging leader in the field of nanotechnology. The company designs proprietary molecular structures and polymer compounds for a broad range of electro-optic, RF and specialty coating applications. The company also has developed proprietary processes for fabricating such devices. For more information, please visit http://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 in its registrations statement on Form S-1, dated July 22, 2004 and its Quarterly Reports on Form 10-Q.
CONTACT: Todd Wolfenbarger of The Summit Group Communications,+1-801-595-1155, or cell, +1-801-244-9600, for Lumera Corporation
Web site: http://www.lumera.com/
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