Lumenon to Develop Optical Channel Monitor.Business Editors & High Tech Writers Optical Fiber Communications 2002 ST. LAURENT, Quebec--(BUSINESS WIRE)--March 18, 2002 Lumenon Innovative Lightwave Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: LUMM), a manufacturer of high-quality optical devices for the global telecommunications, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and cable markets, is pleased to announce that it has entered into an agreement with Poly-Scientific, a business unit of Northrop Grumman's Component Technologies sector, to develop an Optical Channel Monitor. Recently Lumenon announced that it had entered into a contract to participate in the design of Poly-Scientific's ROADM ROADM Reconfigurable Optical Add/Drop Multiplexer ROADM Reconfigurable Add Drop Multiplexing , as well as the supply of planar A technique developed by Fairchild Instruments that creates transistor sublayers by forcing chemicals under pressure into exposed areas. Planar superseded the mesa process and was a major step toward creating the chip. lightchip components for the product. The two companies have subsequently now agreed to work together to develop and market an optical channel monitor (OCM OCM Oracle Certified Master (database administrator certification) OCM Organization for Competitive Markets OCM Onondaga Cortland Madison (counties in New York) OCM Olympic Council of Malaysia ). This product will be for us by optical communication equipment providers in their systems to determine the performance of the optical signals. It is expected that the technical solution selected will result in high performing low cost OCM solutions. The OCM will be a standalone product as well as being integrated in the jointly developed ROADM. Alain Bourque, Director Product Management at Lumenon, stated, "This is Lumenon's first hybrid product marrying photonic with electrical components in the same package. We believe that combining Lumenon planar lightchip process and know how, with Poly-Scientific leading edge opto-electronic and micro electronic capabilities, creates a strong combination that has the capability to produce such complex and performant products." Norris Lewis, Vice President Engineering and Research at Poly-Scientific, added, "The OCM project really allows us to apply our capabilities developed in other product lines to produce a competitive product for the telecommunications industry." Lumenon and Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Poly-Scientific will be showcasing their Optical Channel Monitor technology at the upcoming Optical Fiber Communication (OFC OFC Office OFC Officer OFC Of Course OFC Oxygen Free Copper OFC Oceania Football Confederation (soccer) OFC Optical Fiber Cable OFC Optical Fiber Communications OFC Optical Fiber Conference ) Conference and Exhibition in Anaheim, California “Anaheim” redirects here. For Annaheim, see Annaheim, Saskatchewan. Anaheim is a city in Orange County, California, located 28 miles southeast of Los Angeles. , March 17-22, 2002. About Northrop Grumman's Poly-Scientific Poly-Scientific is a business unit of Northrop Grumman's Component Technologies sector, and a world leader offering innovative solutions for motion technology, optical components and electronic systems with unique design, engineering and manufacturing capabilities. Poly-Scientific's motion product line includes motors, drives, resolvers, slip rings Slip rings Electromechanical components which, in combination with brushes, provide a continuous electrical connection between rotating and stationary conductors. Typical applications of slip rings are in electric rotating machinery, synchros, and gyroscopes. and actuators that can be integrated into systems that range from simple combinations of resolvers and slip rings to advanced electro-mechanical actuation ac·tu·ate tr.v. ac·tu·at·ed, ac·tu·at·ing, ac·tu·ates 1. To put into motion or action; activate: electrical relays that actuate the elevator's movements. 2. assemblies with precision gearing and control electronics. It is the world's largest supplier of slip rings as well as a global leader in the design and manufacture of precision brushless DC motors. Optical components include crystals for use in solid-state laser A solid-state laser is a laser that uses a gain medium that is a solid, rather than a liquid such as in dye lasers or a gas as in gas lasers. Semiconductor-based lasers are also in the solid state, but are generally considered as a separate class from solid-state lasers (see systems, specialty crystals and microchip laser devices. Poly-Scientific is the world's largest manufacturer of solid-state laser crystals. Electronic products include MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. based fiber optic switches, fiber optic modems, hybrid electronics, and avionic products. Poly-Scientific is headquartered in Blacksburg, Va., with operations in Murphy and Charlotte, N.C., Springfield, Pa., and Brno, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. . Northrop Grumman Component Technologies is a world leader in the design, development and manufacture of high performance electronic and optical components and materials to the telecommunications, networking, industrial, medical, and military markets. Headquartered in Iselin, New Jersey Iselin (pronounced IZ-lin) is a census-designated place and unincorporated area within Woodbridge Township, in Middlesex County, New Jersey, United States. As of the United States 2000 Census, the CDP population was 16,698. , Component Technologies is comprised of seven business units which includes Life Support, Interconnect Technologies, Kester, Poly-Scientific, Precision Products International, VEAM, and Winchester Electronics. The sector has over 4,000 employees, with technical sales offices in 28 countries and operations in 18 countries. About Lumenon Innovative Lightwave Technology, Inc.: Lumenon Innovative Lightwave Technology, Inc. designs, develops and builds optical components and integrated optical devices in the form of packaged compact hybrid glass and polymer circuits on silicon chips. These photonic devices - based upon Lumenon's patented PHASIC(TM) design process and manufacturing methodology - offer communications providers the ability to dramatically boost bandwidth for today's burgeoning telecommunication, data communication and cable industries. For more information about Lumenon Innovative Lightwave Technology, Inc., visit the Company's Web site at www.lumenon.com. Any statements in this press release about future expectations, plans and prospects for the Company, including statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: that we are a development stage company with no experience in manufacturing and marketing our products; that we have a significant number of outstanding convertible notes, warrants and options, the exercise or conversion of which could decrease the price of our common stock; that several of our agreements entitle third parties to receive a specified portion of the revenues that we would otherwise receive upon the sale of our products and this may decrease our profitability; that we may be unable to obtain funding to meet our future capital needs, which could cause us to delay or abandon some or all of our anticipated spending, cut back our operations, sell assets or license our technologies to third parties; that there are significant risks associated with the manufacture of our products; that the markets in which we compete are highly competitive and subject to rapid technological change; that we may not be able to compete successfully if we are unable to adapt to new technologies and successfully develop new and evolving products which may lead to reduced sales of our products, reduced revenues and reduced market share; and other factors discussed in our most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and quarterly reports filed with the Securities and Exchange Commission. You may register to receive Lumenon's future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at www.kcsa.com |
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