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Technology Stocks : Lightwave Logic, Inc.
LWLG 4.465-4.1%3:59 PM EST

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From: Zoro996/23/2008 10:16:25 AM
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Related news today; LMRA has announced progress on their EO Modulator but the specs are not so impressive compared to Lightwave's tech. See below...

Lumera Corporation Announces Successful Polymer Modulator Test Results and Updates Progress on its Proposed Merger with GigOptix
Monday June 23, 8:45 am ET

BOTHELL, Wash.--(BUSINESS WIRE)--Lumera Corporation (NASDAQ:LMRA - News), a leader in the field of photonic communications, announced today that it has successfully completed Telcordia standard reliability testing of its packaged polymer-based electro-optic modulators.

“Achieving positive test results for our modulators demonstrates the viability of Lumera’s electro-optic polymer technology for component fabrication. These results validate that polymer modulators can pass the same rigorous tests required of industry standard components. Lumera is now in a position to share reliability test results with potential customers and business partners; additionally, we are very encouraged with ongoing customer discussions and particularly with the possibilities arising in the proposed merger with GigOptix,” said Dr. Raluca Dinu, Vice President, Electro-Optics Business Unit.

Lumera’s testing program was based on exacting industry standard tests including high temperature operation at 85 degrees C for 2,000 hours, with 50mW laser power at 1550 nm, temperature cycling ranging between -40 degrees C and 85 degrees C for 500 cycles, high temperature storage at 85 degrees C for 2,000 hours, low temperature storage at -40 degrees C for 72 hours and thermal and mechanical shock to name a few. While further statistical testing is necessary, this marks the first time that polymer modulators have successfully passed reliability tests as specified in the GR468 standard.

Lumera also announced that activities associated with its proposed merger with GigOptix, LLC are progressing. Information pertaining to the proposed merger, historical results for GigOptix LLC and the combined businesses are expected to become available when an initial Registration Statement on Form S-4 is filed with the SEC.
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