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Optical/IP

LMG Signs LOI With FWBHC

BURLINGTON, Ontario -- Light Management Group Inc., (NASD-OTC/BB: LMGR), developer of new applications in optical and light technologies, today announced that it has signed a Letter of Intent with FibreWired Burlington Hydro Communications to provide LMG’s innovative acousto-optic switches for assessment in connection with the public utility and communications company. The Letter of Intent provides significant evidence of increasing industry interest in LMG’s acousto-optic technology; interest which is growing rapidly both in North America as well as internationally.

"The Letter of Intent with FibreWired Burlington Hydro Communications is a wonderful opportunity to collaborate with a major Canadian utility and communications company aggressively seeking to expand its fiber-optic network," said Barrington L. Simon, CEO and Chairman of Light Management Group Inc. "We anticipate the Letter of Intent will launch a close business relationship with a company that shares not only geographical proximity to LMG but also innovative thinking towards the construction of an all-optical network."

Light Management Group Inc.
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