Lumera Secures Contract for Wideband Optical Modulators

BOTHELL, Wash.--(Business Wire)--
Lumera Corporation (NASDAQ:LMRA), a leader in photonic
communications, announced today that it had been awarded an extension
to a U.S. government contract to continue development of
technologically advanced wideband optical modulators. The contract is
valued at approximately $900,000; the overall funding value has now
reached approximately $7.8 million.

"This is further validation of the superiority of our
electro-optic devices and materials and, along with other Lumera
government contracts, directly parallels our roadmap to commercial
products," said Dr. Raluca Dinu, Vice President - Electro-Optic
Business Unit. "Being chosen is recognition of our performance in
meeting the technical and financial milestones defined in the
contracts."

The objective of this contract is to fabricate low Vpi
electro-optic modulators from high performance organic polymers
recently scaled up or developed at Lumera. The low Vpi is crucial for
development of phased array radar and high performance satellite
systems.

About Lumera

Lumera is a leader in photonic communications. The company designs
electro-optic components based on proprietary polymer compounds for
the telecommunications and computing industries. For more information,
please visit www.lumera.com.

Certain statements contained in this release are forward-looking
statements that involve a number of risks and uncertainties. Factors
that could cause actual results to differ materially from those
projected in the company's forward-looking statements include the
following: market acceptance of our technologies and products; our
ability to obtain financing; our financial and technical resources
relative to those of our competitors; our ability to keep up with
rapid technological change; government regulation of our technologies;
our ability to enforce our intellectual property rights and protect
our proprietary technologies; the ability to obtain additional
contract awards and to develop partnership opportunities; the timing
of commercial product launches; the ability to achieve key technical
milestones in key products; and other risk factors identified from
time to time in the company's SEC reports, including its Annual Report
on Form 10-K, and its Quarterly Reports on Form 10-Q.

Lumera Corporation
Investor Contact
Helene Jaillet, 425-398-6546
hjaillet@lumera.com
or
The Summit Group Communications
Media Contact
Todd Wolfenbarger, 801-595-1155
Cell: 801-244-9600

Copyright Business Wire 2008