Lumera Named to Innovest Nanotechnology Index; Lumera One of 15 Companies Named to List by Strategic Value Advisors

BOTHELL, Wash.--(BUSINESS WIRE)--Sept. 21, 2005--Lumera Corporation (NASDAQ:LMRA), an emerging leader in the field of nanotechnology, announced today that it was one of 15 companies named to the newly launched Innovest Strategic Value Advisors Nanotechnology Index.

Innovest reviewed companies for qualities that contributed to responsible nanotechnology development and those that could offset the potential perception risk surrounding nanotechnology as an industry pioneering the use of new materials. After evaluating more than 200 public and 100 private companies, Innovest arrived at 15 public companies and a watch list of eight private companies.

“Lumera is pleased to be recognized as a company committed to responsibly delivering benefits from nanotechnology”

"Lumera is pleased to be recognized as a company committed to responsibly delivering benefits from nanotechnology," said Tom Mino, Chief Executive Officer of Lumera. "Our vision has always been to be a company that is highly valued by our customers and shareholders as a global leader in creating and delivering innovative solutions using proprietary materials and processes."

Lumera's inclusion on the Innovest index follows its addition to the Merrill Lynch Nanotechnology Index this past September. In its report, Merrill Lynch indicated it believes nanotechnology could be the next growth innovation, similar in importance to information technology over the past 50 years. Lumera is also listed on the Punk Ziegel Nanotechnology Index, the Newbridge Securities Nanotechnology Index, and is part of the Russell Microcap Index.

About Lumera

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, bioscience, RF and specialty nanotechnology applications. The company also has developed proprietary processes for fabricating such devices. For more information, please visit www.lumera.com.

About Innovest Strategic Value Advisors

Innovest Strategic Value Advisors is an internationally recognized investment research and advisory firm specializing in analyzing companies' performance on environmental, social, and strategic governance issues, with a particular focus on their impact on competitiveness, profitability, and share price performance.

Certain statements contained in this release are forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those projected in the company's forward-looking statements include the following: market acceptance of our technologies and products; our ability to obtain financing; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain additional contract awards and to develop partnership opportunities; the timing of commercial product launches; the ability to achieve key technical milestones in key products; and other risk factors identified from time to time in the company's SEC reports, including its Annual Report on Form 10-K, and its Quarterly Reports on Form 10-Q.

Contacts

The Summit Group Communications
Todd Wolfenbarger, 801-595-1155
(cell) 801-244-9600

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