BOTHELL, Wash. -- Microvision, Inc. (Nasdaq: MVIS - news) today announced the formal launch of a subsidiary company, Lumera Corporation ( www.lumera.com ), that is engaged in the development of high-performance active and passive components for optical networks. The company's superior optical component technology is based on breakthrough work in proprietary electro-optic polymer materials conducted by the company and its research partners at the University of Washington.

"There are four predominant themes in the component marketplace right now," said Todd McIntyre, Lumera Vice President for business development. "Faster speed, more integration, smaller size and lower cost. Lumera has a disruptive technology that can deliver substantial gains in all of these areas. The improved signal quality and unique gain features offered by our planned products are also important to the industry's objectives of greater transmission distances and all-optical signal processing."

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