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To: smars4444 who wrote (714)	4/10/2008 6:15:08 PM
From: Fruno	Respond to of 1811

It reads more like a prospectus than a 10K. Lots of great background information for new investors. Some key quotes: "In March 2008, we commenced production of our first prototype photonic chip, which we delivered to our partner, Photon-X, LLC who will fabricate a prototype polymer optical modulator and measure its technical properties. We hope to be able to demonstrate this prototype early in the second quarter." "Should these tests produce a functional 10 Gb/s or greater modulator we expect to go forward with product marketing and development in the telecommunication market with partners in the telecommunication field." "We expect our initial product device line to include high speed 40Gb/s modulators and system applications." "All-Optical Transistors All-optical transistors are expected to be included in the future market of all-optic devices. All-optical devices convert data in the form of input light signals to a secondary light data stream. Some experts anticipate that all-optical transistors will replace traditional transistors used today in microprocessors. All-optical transistors are expected to enable the fabrication of an entirely new high-speed generation of "plastic" computers that operate on light instead of electricity, which in turn should significantly improve computation speeds." And, my favorite: "As one of only two companies known to us that are actively pursuing the development of high-performance electro-optic materials for application and development in the high-speed telecommunication markets, we believe that upon the commercialization of our technology, that we will be poised to obtain a significant portion of the component manufacturing market. Electro-optic plastics demonstrate several advantages over other technologies, such as crystalline-based technologies, due to their reduced manufacturing and processing costs, higher performance and lower power requirements. Our electro-optic plastics are CSC model molecules that have demonstrated significant stability advantages over our sole known competitor's (Lumera) materials. In the expectation of becoming the sole producer of high-performance, high-stability electro-optic materials, we hope to capture all or some of this potential electro-optic component market." Emphasis is mine. That's a very bold statement. IF they achieve this, we will all be very happy indeed.