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Lumera Corporation (LMRA) RSS Feed

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8
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12
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0
Posts (Total)
42
Created
10/16/06
Type
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LMRA Lumera shares jump on successful test of MMW system SAN FRANCISCO (MarketWatch) -- Lumera Corp. (LMRA : lumera corp Last: 5.00+3.42+216.46% 8:10pm 10/16/2006 LMRA5.00, +3.42, +216.5%) shares jumped nearly 40% to $2.20 in Monday morning trade after the Bothell, Wash.-based company said it has completed successful testing of its millimeter wave wireless bridge. Lumera said the system will allow the transmission of "vast amounts of data via a variety of high speed telecommunications networks." The company said the single band wireless communications system completes the first phase of its product development. In mid-November, Lumera expects to finalize the development and testing of its multiband system. "We are extremely pleased with the results of the tests on this first system," said Raluca Dinu, director of the company's electro-optics business unit. "Based on these internal results, we are confident that the third party tests to be conducted next month on the multiband system will be equally positive. We've already begun discussions with prospective customers who have expressed interest in the fully functional commercial product."
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