Luna Innovations and Intuitive Surgical Extend Relationship
28 Março 2012 - 10:45AM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA) announced today
that it will be extending its development work through 2012 under
its development and supply agreement with Intuitive Surgical, Inc.
(NASDAQ: ISRG), as they work towards the integration of Luna’s
shape and position sensing technology into Intuitive’s medical
robotic products.
This extension is to the multi-year development and supply
agreement the companies entered into in June 2007, under which Luna
would supply and license to Intuitive its fiber-optic based shape
sensing and position tracking system for use in Intuitive’s
products. Intuitive Surgical is the global technology leader in
robotic-assisted minimally invasive surgery. Luna has made great
leaps in advancing its shape sensing technology and will continue
these efforts through 2012 as Luna and Intuitive aim towards
commercialization.
"This new agreement with Intuitive Surgical enhances our
relationship with the leader in the medical robotics market and
reinforces Luna’s commitment to the development of our technology
and its value toward the advancement of healthcare. Through this
partnership, Luna and Intuitive strive to help surgeons more
precisely guide and control surgical tools during
robotically-assisted procedures,” stated My Chung, Luna’s Chief
Executive Officer. “Our partnership with Intuitive has continued to
advance and we look forward to completing our technology
development and transitioning to product integration with
Intuitive’s systems. The end goal is to assist surgeons with these
very complex, minimally invasive surgeries and promote the best
outcomes for patients.”
“We are pleased to continue our relationship with Luna,
recognizing them as a strong technology partner in the area of
advanced shape and position sensing systems,” said Dave Rosa,
Intuitive’s Senior VP of Emerging Procedures and Technology. “Our
collaboration with Luna has been very productive and we remain
committed to further developments through 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 it serves. Luna, a recognized leader in
transitioning science into 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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