Luna Innovations and Intuitive Surgical Extend Relationship
31 Março 2011 - 10:54AM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA) announced today
that it has agreed with Intuitive Surgical, Inc. (NASDAQ:ISRG), to
extend its development efforts under its development and supply
agreement with Intuitive towards further 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 under which Luna would supply and
license to Intuitive its fiber optic based shape sensing system for
integration into Intuitive’s medical robotics products. Intuitive
is the global technology leader in robotic-assisted minimally
invasive surgery. Luna has satisfied its development obligations
under the existing agreement, which had previously been extended in
January 2010 to cover 2010 development work. The new agreement will
cover development work in 2011.
"This new agreement with Intuitive Surgical strengthens Luna’s
relationship with the leader in the medical robotics market and
reflects our dedication to the advancement of medical technology.
With the partnership, Luna and Intuitive strive to deliver
disruptive technology that we believe will enhance the quality of
surgical procedures,” stated Dale Messick, Luna’s interim President
and Chief Operating Officer. “Our relationship with Intuitive
continues to advance and we look forward to maturing our technology
to further assist with complex, minimally invasive surgery to
promote the best outcomes 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.
About Luna Innovations:
Luna Innovations Incorporated (www.lunainnovations.com) is
focused on sensing and instrumentation. 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. Luna, a recognized leader in
transitioning science to solutions, 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 Luna’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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