BOTHELL, Wash., Oct. 25 /PRNewswire-FirstCall/ -- Lumera Corporation,
(Nasdaq: LMRA), has named business and technology veterans Donald Guthrie,
Fraser Black and James Judson to the company's Board of Directors.
"We have significantly strengthened the company with the addition of our
three new board members," said Lumera CEO Thomas D. Mino. "Each brings a
unique skill set that has been proven over decades of experience in business.
They will each provide sage counsel and guidance to Lumera as we continue to
grow and realize our potential as a nanotechnology leader."
Donald Guthrie will serve as the Chairman of Lumera's Audit Committee and
as a member of the Compensation Committee. Guthrie joins the Board having
previously served as Vice Chairman and Chief Financial Officer of the Western
Wireless Corporation; as Vice Chairman of VoiceStream Wireless, now T-Mobile
USA subsequent to its acquisition by Deutsche Telekom AG; and as a Senior Vice
President and Treasurer of McCaw Cellular.
Fraser Black will serve as a member of Lumera's Audit Committee and
Compensation Committee. Over the course of his business career he served as
Chief Financial Officer of ONYX Software, a publicly traded CRM enterprise
software developer. He has also served as a Managing Partner at Pioneer
Square Properties, a real estate property management and development company.
James Judson will serve as a member of Lumera's Audit Committee and the
Nominating and Governance Committee. Judson co-founded Eagle River
Investments, LLC, a Kirkland-based venture capital fund that focuses on
communications and has been a business law partner at the law firm of Davis
Wright Tremaine in Seattle since 1975.
Lumera announced last month that it had developed a revolutionary
electro-optic polymer -- a molecularly engineered material -- that has
unprecedented performance for advanced, high performance materials.
Lumera is using the technology and materials to develop a number of new
products that will allow the company to expand in, or enter new markets. For
example, the company is developing modulators that have highly linear
responses for cable TV (CATV) optical links and hybrid wireless/fiber optic
networks. Additionally, external modulators that can operate at 10-40 GHz in
metro applications, transponders, and long haul fiber optic network build-outs
are being evaluated by potential customers. All have broad potential in
markets that are gaining momentum in North America, Europe, and Asia. The
markets for these various products are forecasted to be greater than
$5 billion by 2007.
Lumera is an emerging leader in the field of nanotechnology. The company
designs proprietary molecular structures and polymer compounds for a broad
range of electro-optic, RF and specialty coating applications. The company
also has developed proprietary processes for fabricating such devices. For
more information, visit: http://www.lumera.com/
SOURCE Lumera Corporation