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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: pat mudge who wrote (1607)3/20/2000 1:13:00 PM
From: Mike Hardy  Read Replies (1) of 2484
 
Molex also invested in the development of the new plant
approximately 3 million worth of the 20 million total

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Lumenon is also pleased to announce that it has entered into an agreement, on
December 3, 1999, with Molex Incorporated for an additional investment in Lumenon.
Molex will purchase additional US$ 3 million Lumenon common stock at the 10 day
average price prior to December 3, 1999. Molex shall also receive « common share
purchase warrant per share purchased. Warrants are exercisable at 125% of the 10 day
average price prior to December 3, 1999. Warrants should be exercised before
December 3, 2000. The proceeds will be used for the expansion of Lumenon. The
Company?s new facility of approximately 30,000 square feet will be located close to
Lumenon?s existing facility. The new plant is designed for a production capacity of 500
units per day at the end of the year 2000, with potential for ramp up to 1000 units by the
end of year 2001. This plant should have approximately 200 employees. The cost of
setting up this plant is budgeted at US$20 million.

lumenon.com
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molex has a vested interest in the success of Lumenon
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