June 24, 2008--Photonic communications component manufacturer Lumera Corporation (Bothell, WA) successfully completed Telcordia standard reliability testing of its packaged polymer-based electro-optic modulators. News of the result caused its stock to soar 38% early in the day, and settle back to an approximate 24% gain to $1.07 by end of day. Lumera also announced that activities associated with its proposed merger with GigOptix, LLC are progressing.
Lumera said that achieving positive test results for its modulators demonstrates the viability of its electro-optic polymer technology for component fabrication. These results validate that polymer modulators can pass the same rigorous tests required of industry standard components. Lumera is now in a position to share reliability test results with potential customers and business partners and is encouraged with ongoing customer discussions and particularly with the possibilities arising in the proposed merger with GigOptix, said Raluca Dinu, VP, Electro-Optics Business Unit.
Lumera's testing program was based on industry standard tests including high temperature operation at 85 degrees C for 2,000 hours, with 50 mW laser power at 1550 nm, temperature cycling ranging between -40 degrees C and 85 degrees C for 500 cycles, high temperature storage at 85 degrees C for 2,000 hours, low temperature storage at -40 degrees C for 72 hours, and thermal and mechanical shock to name a few. While further statistical testing is necessary, this marks the first time that polymer modulators have successfully passed reliability tests as specified in the GR468 standard.
For more information, visit www.lumera.com.
