Lumenon Innovative Lightwave Technology, Inc. Appoints New Board Member.

Business & High Tech Editors

ST-LAURENT, Quebec, Canada--(BUSINESS WIRE)--May 31, 2000

Pierre-Andre Roy Joins Company's Board

Lumenon Innovative Lightwave Technology, Inc. (NASDAQ NM: LUMM), announced today that Pierre-Andre Roy has been appointed to its Board of Directors.

Mr. Roy recently retired from Bombardier, where he held senior financial management positions since 1980.

With the appointment of Mr. Roy, a new appointment, Lumenon's Board now totals eight members.

In announcing Mr. Roy's election, Dr. S. Iraj Najafi, President and Chief Executive Officer of Lumenon, said, "Pierre-Andre Roy brings to our Company extensive financial management experience. His excellent career with Bombardier, where he was responsible for numerous administrative and financial operations, and his knowledge of capital markets, will help us to achieve our strategic goals."

Mr. Roy joined Montreal-based Bombardier in 1980 as Vice President of Finance and Administration in the corporation's Mass Transit Division. In 1987, Mr. Roy assumed the position of Controller of Bombardier's Transportation Equipment Group and a few months later moved to the position of Controller for the holding corporation, Bombardier, Inc.

In 1989, Mr. Roy joined Bombardier's Aerospace Group as Vice President of Finance where he was also responsible for Information Technologies and Sales Financing Activities. In 1992, he was promoted to President and General Manager of the Aerospace Group's Amphibious Aircraft Division.

In 1993, Mr. Roy assumed the role of President and COO for Bombardier Capital. From 1995 to 1996, he served in a dual role as President of Bombardier Capital and Treasurer of the holding corporation, Bombardier Inc.

Mr. Roy relinquished his position as Treasurer in May 1996 to focus on developing Bombardier Capital business interests. He retired in February 2000.

He began his career in financial services with the Canadian Imperial Bank of Commerce before becoming Controller at Montel, Inc. He later served as Vice President of Finance and Operation for Groupe BFG Limitee.

Mr. Roy studied Administration and Accounting at Universite Laval in Quebec and Ecole des Hautes Etudes Commerciales in Montreal.

About Lumenon Innovative Lightwave Technology, Inc.:

Lumenon Innovative Lightwave Technology, Inc. designs, develops and builds integrated optics devices in the form of compact hybrid glass circuits on silicon chips. The chips can dramatically boost bandwidth in fiber optic cabling, the pipeline for today's burgeoning telecommunications industry. Lumenon's breakthrough Hybrid Sol-Gel Glass technology offers telecommunications providers the ability to vastly increase their Bandwidth capacity at a fraction of the cost of conventional dense wavelength division multiplexing (DWDM) equipment.

For more information about Lumenon Innovative Lightwave Technology, Inc., visit the Company's Web site at http://www.lumenon.com.

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors are detailed from time to time in the Company's filings with the regulatory authorities having jurisdiction.

This release is available on the Company's Web site at www.lumenon.com and the KCSA Public Relations Worldwide Web site at www.kcsa.com.