Luna Innovations Announces Ultrasonic Medical Device for Emboli Detection
23 Junho 2006 - 2:40PM
PR Newswire (US)
ROANOKE, Va., June 23 /PRNewswire-FirstCall/ -- Luna Innovations
Incorporated (NASDAQ:LUNA) has introduced an innovative medical
device that uses quantitative ultrasound technology to
non-invasively count emboli in the blood stream. Emboli can be air
bubbles or solid matter (i.e. lipid, blood clot) and can enter the
blood circuit during critical and invasive medical procedures such
as a cardio pulmonary bypass surgery. Emboli can be dangerous
causing neurological or neuropsychological postoperative deficits
and in some cases fatalities. Luna's EDAC(TM) (Embolus Detection
and Classification) QUANTIFIER system uses advanced ultrasound
technology to detect individual microemboli at rates up to 1000 per
second. Employing missile tracking algorithms originally developed
for the defense industry, the system is designed to provide
cardiothoracic surgeons, perfusionists and anesthesiologists with
an accurate rate of emboli in the blood circuit. The initial
release of the EDAC(TM) QUANTIFIER system was launched in May at
Outcomes 2006 in Key West, Florida and is "For Investigational Use
Only." Luna is currently accepting orders for research and
exploration purposes. Lead times are currently six weeks after
receipt of order. For more information, see
http://www.embolidetection.com/ or email . About Luna Innovations
[LUNA] Luna Innovations Incorporated researches, develops and
commercializes innovative technologies in molecular technology and
sensing solutions. Luna accelerates the process of bringing new and
innovative products to market by focusing on technologies that can
fulfill identified market needs and then takes these technologies
from the applied research stage through commercialization. Since
its inception, Luna has successfully developed products for the
energy, telecommunications, life sciences and defense industries.
Headquartered in Roanoke, Virginia, the company has research,
development and manufacturing facilities in Blacksburg,
Charlottesville, Hampton, and Danville, Virginia and a sales office
in McLean, Virginia. Additional information can be found at
http://www.lunainnovations.com/. FORWARD LOOKING STATEMENTS This
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. In
some cases, you can identify those so-called "forward-looking
statements" by words such as "may," "will," "would," "should,"
"expects," "plans," "anticipates," "believes," "feels,"
"estimates," "predicts," "potential," or "continue," or the
negative of those words and other comparable words. Luna
Innovations wishes to take advantage of the "safe harbor" provided
for by the Private Securities Litigation Reform Act of 1995 and you
are cautioned that actual events or results may differ materially
from the expectations expressed in such forward-looking statements
as a result of various factors, including risks and uncertainties,
many of which are beyond Luna's control. Factors that could cause
actual results to differ materially from the expectations expressed
in such forward-looking statements include, but are not limited to:
(1) we may be unable to manage our growth effectively, (2) we may
experience continuing losses, (3) we may not be successful in
identifying market needs for new products, (4) we will continue to
rely on contract research, and SBA contracts and SBIR grants for a
significant portion of our revenue, (5) we may become ineligible
for future SBA contracts and SBIR grants, (6) we face substantial
competition, (7) a substantial portion of our technology is subject
to retained rights of licensors, (8) our proprietary rights may be
insufficient to protect our technologies, (9) third parties may
claim that we infringe their intellectual property rights, (10) as
a provider of contract research for the U.S. government, we may be
subject to federal rules, regulations, audits and investigations,
(11) we are subject to significant government regulations including
environmental, health and safety and export controls regulations,
(12) our ability to develop and market certain of our products may
be delayed by FDA regulatory requirements, (13) we have limited
manufacturing experience, (14) we face risks associated with our
international business, (15) the impact of the slowdown in the
overall economy, (16) uncertainty of the current global political
environment, (17) the potential for terrorist attacks, (18) changes
in customer demands for our existing and new products, the timing,
cancellation or delay of customer orders and shipments, and (19)
unanticipated manufacturing or supply problems. Luna cannot
guarantee future results, levels of activity, performance, or
achievements. Additional factors that may affect the future results
of Luna are set forth in its Registration Statement on Form S-1 and
other filings with the Securities and Exchange Commission ("SEC"),
which are available at http://www.sec.gov/, the SEC's website, and
at Luna's website, which is http://www.lunainnovations.com/. These
factors are updated from time to time through the filing of reports
and registration statements with the SEC. DATASOURCE: Luna
Innovations Incorporated CONTACT: Media Contact: Mildred Cooper of
Luna Innovations, +1-540-557-7561, ; or Investor Contact: Catherine
Castro of Qorvis Communications, +1-703-744-7839, , for Luna
Innovations Incorporated Web site: http://www.lunainnovations.com/
http://www.embolidetection.com/
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