Lumera Reports 2004 Results and Updates Product Development Efforts

Lumera Reports 2004 Results and Updates Product Development Efforts

on March 02, 2005

Lumera Reports 2004 Results and Updates Product Development Efforts

BOTHELL, Wash., March 2 /PRNewswire-FirstCall/ -- Lumera Corporation, (Nasdaq: LMRA - News), an emerging leader in the field of nanotechnology, today reported financial results for the fourth quarter and full year of 2004 and released information regarding its current product development efforts.

"We are pleased with the product development progress we made in 2004 and believe that 2005 can be a turning point for the company," said Lumera Chief Executive Officer Tom Mino. "Over the last twelve months we have created one of the world's fastest electro-optic polymer modulators and have entered into partnerships with the potential to dramatically alter the proteomic marketplace. Our technical progress and strategic partnering position Lumera for significant sales opportunities in substantial growth markets including bio-science and proteomic research, pharmaceuticals, electro-optic components, optical interconnects and wireless antennas."

"Lumera's investments in 2004 have put us in an excellent position to attack multiple markets with high value, disruptive solutions," continued Mino. "We have an exceptional group of scientists, valuable intellectual property and several valuable strategic partnerships that are now in place and we have the resources to execute on our business plan. We believe that we have positioned the company for a break out year in 2005."

Microvision owns 33% of Lumera.

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