<![CDATA[BOTHELL, Wash.–(BUSINESS WIRE)–July 22, 2004–Lumera
Corporation, (Nasdaq:LMRA), announced today the initial public
offering of 6,000,000 shares of common stock at $6.95 per share.
Lumera has granted the underwriters an option to purchase up to an
additional 900,000 shares to cover over-allotments. Lumera's stock is
expected to begin trading on July 23rd on the Nasdaq National Market
under the symbol "LMRA." Until the completion of the offering, Lumera
is a majority-owned subsidiary of Microvision, Inc. (Nasdaq:MVIS).
The offering was made through an underwriting syndicate led by
Paulson Investment Company, Inc., with I-Bankers Securities
Incorporated acting as co-manager. Copies of the prospectus may be
obtained from Paulson Investment Company, Inc., Syndicate Department,
Suite 200, 811 SW Naito Parkway, Portland, OR 97204, or by phone at
Lumera was founded in 2000 and has developed substantial expertise
in nanotechnology to develop polymer materials and products based on
those materials for a broad range of applications, including wireless
antennas and systems, biotechnology disposables, electro-optic devices
and polymer-based products for government applications.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission and has become
effective. This release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state.
Thomas D. Mino, 425-415-6900