Feb. 15, 2005 — Lumera Corp., a Bothell, Wash., nanomaterials developer, announced securing a $1.1 million contract extension from a U.S. government agency to continue development of wideband optical modulators.
The new contract extension was awarded to transition Lumera’s proprietary electro-optic polymers into high performance devices by developing custom polymers that are critical in other parts of the device. The overall contract value has now reached approximately $4.7 million.
“This latest contract agreement is a validation of our product development strategy and supports Lumera’s approach of designing materials for the whole system to complement our leading electro-optic performance,” said Lumera Chief Executive Officer Tom Mino in a prepared statement.
“We believe these high performance devices have the strong potential to enable a whole new generation of fiber optic and wireless communication systems and we remain optimistic that we can play a role in this evolution.”