Luna Innovations and Intuitive Surgical Expand Relationship
08 Janeiro 2010 - 11:30AM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA) announced today
that it will be extending its development and supply agreement with
Intuitive Surgical, Inc. (NASDAQ: ISRG) to continue integrating
Luna’s shape sensing technology into Intuitive’s products.
In June 2007, Luna and Intuitive entered into a multi-year
development and supply agreement in which Luna would supply its
fiber optic based shape sensing system for integration into
Intuitive’s medical robotics products and license its shape sensing
technology to Intuitive for this purpose. Intuitive Surgical is the
global technology leader in robotic-assisted minimally invasive
surgery and its products include the da Vinci® Surgical System.
Luna has successfully achieved the expectations of the development
work in the original agreement, which concluded in December of
2009.
Luna and Intuitive will be extending their development and
supply agreement to further develop Luna’s technology for its
products.
"This new agreement with Intuitive Surgical will continue Luna’s
relationship with the leader in the medical robotics market and
further demonstrates the potential of our technology and
intellectual property,” stated Kent Murphy, Luna's Chairman and
Chief Executive Officer. "It has been a great relationship over the
past thirty months, and it is extremely rewarding to know that
Luna's technology will be assisting in complex minimally invasive
surgery in the pursuit of delivering the best outcome for
patients."
“We continue to view Luna as a strong technology partner in the
area of advanced shape sensing and position tracking systems,” said
Dave Rosa, Intuitive’s Vice President of New Product Development.
“Our development with Luna is progressing well and Intuitive
remains committed to our joint project.”
Luna’s exclusive shape sensing system tracks the position of an
optical fiber along its entire length, providing real-time
measurements that can assist surgeons in navigating through the
body. This technology could be particularly helpful in certain
minimally invasive surgical techniques because of the need to track
the position of medical instruments in the patient, using optical
fibers as thin as a human hair to provide sensing and feedback as
the nervous system does for the human body.
Luna will host a conference call with investors on Jan. 11,
2010, at 1:30 p.m. (EST) to discuss this and other announcements
upon the company’s emergence from bankruptcy. The investor
conference call will be available via live webcast on the Luna
Innovations' website at http://www.lunainnovations.com/ under the
tab "Investor Relations." To participate by telephone, the domestic
dial-in number is 1.800.299.7928 and the international
dial-in number is 1.617.614.3926. The participant access
code is 97312544. Investors are advised to dial in at least
five minutes prior to the call to register. The webcast will be
archived on the company's website under "Webcasts and
Presentations" for 30 days following the conference call.
About Luna Innovations:
Luna Innovations Incorporated (www.lunainnovations.com) is
focused on sensing and instrumentation, and pharmaceutical
nanomedicines. Luna develops and manufactures new-generation
products for the healthcare, telecommunications, energy and defense
markets. The company’s products are used to measure, monitor,
protect and improve critical processes in the markets we serve.
Through its disciplined commercialization business model, Luna has
become a recognized leader in transitioning science to solutions.
Luna is headquartered in Roanoke, Virginia.
Forward-Looking Statements:
This release includes information that constitutes
“forward-looking statements” made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995,
including statements regarding, but not limited to the potential of
Luna’s technology and intellectual property, any possible
improvements to medical surgeries and/or medical outcomes, and the
future relationship between Luna and Intuitive and incorporation of
Luna’s technology into Intuitive’s products. Statements that
describe the Company’s business strategy, goals, prospects,
opportunities, outlook, plans or intentions are also forward
looking statements. Actual results may differ materially from the
expectations expressed in such forward-looking statements as a
result of various factors, including technical and scientific
difficulties, complications or difficulties in improving medical
surgeries and/or outcomes, market forces in the medical industry,
and issues that might arise in any particular business
relationship, and risks and uncertainties set forth in the
company’s periodic reports and other filings with the Securities
and Exchange Commission. Such filings are available at the SEC’s
website at http://www.sec.gov, and at the company’s website at
http://www.lunainnovations.com. The statements made in this release
are based on information available to the company as of the date of
this release and Luna Innovations undertakes no obligation to
update any of the forward-looking statements after the date of this
release.
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