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To: DENNIS TULLY who wrote (11845)	7/6/1999 11:33:00 AM
From: Fuza	Respond to of 52051

Latest news on LUMM....... ********************************************** Inauguration of the first photonic chip manufacturing plant - Lumenon inaugurates first photonic chip manufacturing plant DORVAL, July 6 /CNW/ - Dr. Iraj Najafi, President and Chief Executive Officer of Lumenon Innovative Lightwave Technology Inc., and Dr Mark Andrews, Vice-President and Chief Technology Officer, inaugurated the first photonic chip manufacturing plant today. The innovative photonic chip technology developed by Lumenon offers cost-effective solutions to boost fiber optic telecommunications and data communications transmission capacity substantially. ''We will produce chips based on our breakthrough technology. Our product will be highly competitive since it is mass produced - just like microelectronic chips. Relatively low production costs and revolutionary design will enable us to respond to a wide range of needs,'' explained Dr. Najafi. Made of compact hybrid glass integrated circuits on silicon, Lumenon's chips combine the best features of glass and organic polymeric materials (plastic) producing a unique material. The chips are designed to be integrated with fiber optic networks and equipment. Low production costs and a flexible production process make the chip easily adaptable for a wide range of telecommunications and data communications applications. ''Our highly adaptable photonic chips, combined with the plastic optical fiber we are developing, serve as a platform technology increasing the speed of access to large quantities of data, images and multimedia products and allowing businesses and individuals to get the full benefit of the internet and information technologies,'' added Dr. Mark Andrews, Vice President and Chief Technology Officer. Lumenon was founded in 1998 by Dr. Iraj Najafi, Ph.D. Physics, Associate Professor at the Ecole Polytechnique and Dr. Mark P. Andrews, Ph.D. Chemistry, Associate Professor at McGill University. The creation of the company culminates over 30 years of independent research and six years of collaborative R&D by these two respected scientists. Lumenon develops and manufactures high-performance integrated optics components and plastic optical fiber for telecommunication, data communication, computer network and sensor applications. Lumenon is listed under the NASDAQ symbol LUMM (OTC BB).