Lumenon Innovative Lightwave Technology, Inc. to roll-out product portfolio at Optical Fiber Communications Conference.

Lumenon Innovative Lightwave Technology, Inc. (NASDAQ NM: LUMM), a new manufacturer of high-quality optical devices for the global telecommunications, data communications and cable markets, today announced its plans to roll-out its broad portfolio of Arrayed Waveguide Grating (AWG) optical components at this year's Optical Fiber Communications Conference (OFC) in Anaheim, CA, March 19 –21. The company has secured a large exhibit space (booth # 2488) at this year's show, and is supporting its presence with a significant promotional program. "The photonics industry is looking for reliable, high volume sources for photonic devices," says Mr. Philip Meffe, Lumenon's Vice-President of Business Development and Marketing. "OFC represents a perfect opportunity for Lumenon to launch its portfolio of DWDM, CWDM and splitter/coupler packaged components, as part of a larger portfolio of photonic components," he adds. "Our message at OFC is very straightforward but powerful," concludes Mr. Meffe. "The simplicity and flexibility of the Lumenon's adaptive manufacturing (PHASIC™) process allows us to quickly develop innovative photonic components and then to manufacture hundreds of those components daily."

About Lumenon Innovative Lightwave Technology, Inc.
Lumenon Innovative Lightwave Technology, Inc. designs, develops and builds integrated optics devices in the form of compact hybrid glass circuits on silicon chips. These photonic devices – based upon Lumenon's breakthrough Hybrid Sol-Gel Glass technology and patented PHASIC™ process - offer communications providers the ability to dramatically boost bandwidth in fiber optic cabling, the pipeline for today's burgeoning telecommunication, datacommunication and cable industries.

For more information about Lumenon Innovative Lightwave Technology, Inc., visit the Company's Web site at http://www.lumenon.com.

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors are detailed from time to time in the Company's filings with the regulatory authorities having jurisdiction.