LUMM - Lumenon Innovative Lightwave Technology Inc. Message Board

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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.

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To: pat mudge who wrote (1623)	3/23/2000 1:09:00 AM
From: Dick Martin	Read Replies (1) of 2484

Somehow I am reading this and it says to me that delivery will occure in July if there is satisfactory testing. Testing can only be satisfactory (or not) when it is finished not when it is commenced so it must be done before July. Regards - Dick SEC filiing says testing will begin in July: >>>> The Company is perfecting the materials and processes for its DWDM products in its existing pilot facility in preparation for the expansion of production. Under the Teaming Agreement, the Company will produce and deliver to Molex up to a maximum of 400 units per month, upon satisfactory testing of such devices commencing in July 2000. All of the Company's production of the jointly developed products (the 8, 16 and 32-channelDWDM devices) for the first year is reserved for Molex, and thereafter Molex will have the option to purchase all of such products at fair market value for the succeeding three year period. <<<< Have I misunderstood their development schedule? If testing is commencing in July, how long will it take to be ready for shipping? And what benefit will this readiness be if Molex is taking all their current facility will be able to produce?

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