Lumenon Manufacturing Facility is Operational; Company Ships First Customer Order
Lumenon Manufacturing Facility is Operational; Company Ships First
Customer Order
ST-LAURENT, Quebec, Feb 15, 2001 (BUSINESS WIRE) -- Lumenon (Nasdaq: LUMM) a
developer and manufacturer of high-quality optical devices for the global
telecommunications, data communications and cable markets, announced today that
its 34,000 square-foot state-of-the-art manufacturing plant is operational.
The 34,000 square-foot plant, is part of Lumenon's 53,000 square-foot facility
opened in October 2000. In addition to the manufacturing plant, this facility
houses all of Lumenon's executive and administrative offices, as well as
operations.
Commenting on this announcement, Dr. Chia-Yen Li, Vice President Operations and
Chief Operating Officer, said, "We are very pleased at the progress achieved in
such a short period of time with the construction of the manufacturing facility
over a seven month period. After constructing the facility, production and test
equipment has been received and set to work, we have staffed all critical
positions and trained our people."
The Company also announced that it recently shipped its first customized AWG
(Arrayed Waveguide Gratings) product. "Many months of effort and investment have
paid off as we have met an important milestone by delivering the first product
to a customer from our new manufacturing facility." said Lumenon's President and
CEO, Dr Iraj Najafi, "Our engineering and manufacturing teams deserve special
recognition for the rapid introduction of this technology." Lumenon also
announced it will be exhibiting its broad range of integrated optic devices at
Optical Fiber Communication (OFC) conference on March 17-22, 2001 in Anaheim, CA
in Booth 2488.
About Lumenon Innovative Lightwave Technology, Inc.:
Lumenon Innovative Lightwave Technology, Inc. designs, develops and builds
integrated optic devices in the form of compact hybrid glass circuits on silicon
chips. These photonic devices - based upon Lumenon's breakthrough Hybrid Sol-Gel
Glass technology and patented PHASIC(TM) process - offer communications
providers the ability to dramatically boost bandwidth in fiber optic cabling,
the pipeline for today's burgeoning telecommunication, data communication and
cable industries.
For more information about Lumenon Innovative Lightwave Technology, Inc., visit
the Company's Web site at lumenon.com.
Any remarks that we may make about future expectations, plans and prospects for
the Company constitute forward-looking statements for purposes of the safe
harbor provisions under The Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those indicated by these
forward-looking statements as a result of various important factors, including
those discussed in the 10-Q for the Quarter ended September 30, 2000 and the S-1
filed December 22, 2000 which contains "risk factors" sections which are on file
with the SEC. |
