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March 12th, 2007
Lumera gets Lockheed order, shares surge
Nanotechnology company Lumera Corp. said Monday it received a purchase order from Lockheed Martin Corp. for its high electro-optic activity materials, which are used in fiber optic transmission.
Financial terms of the agreement were not disclosed.
Following the announcement, Lumera shares surged $1.07, or 29 percent, to $4.71 on the Nasdaq Stock Market. Earlier in the session, the stock gained as much as 41 percent to $5.16.
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