Luna Innovations Recognized with Achievement Award from U.S. Army
26 Abril 2012 - 12:29PM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA), which develops and
manufactures new-generation products for the healthcare,
telecommunications, energy and defense markets, today announced it
received the U.S. Army Small Business Innovation Research (SBIR)
Achievement Award for its development of high-performance antennas
for military vehicles.
Luna is one of 10 national achievement award winners and
received the recognition for its accomplishments in developing
antennas to be used in ground and airborne platforms. Luna, with
the Georgia Tech Research Institute (GTRI), is combining specially
engineered materials, unique antenna designs and inkjet printing
for rapid antenna prototyping to meet the needs of the U.S.
Army.
The company received the award after being evaluated on four
criteria: originality and innovation of research; relevance to the
Army mission; immediate commercialization potential; and overall
quality performance of the project.
“Luna Innovations is already a trusted partner for the U.S.
armed forces,” said My Chung, CEO of Luna Innovations. “This award
further validates the value and quality we bring to the technology
and products that support our men and women in uniform. We thank
the U.S. Army for this prestigious award, and we look forward to
continuing to develop and implement technologies that safeguard our
nation.”
Luna was recognized for developing a new tool to solve a common
problem in Humvees, Mine Resistant Ambush Protected (MRAP) vehicles
and unmanned aerial vehicles (UAVs) – how to reduce the visibility
of wideband communications antennas and improve vehicle aerodynamic
performance without sacrificing performance.
Using advanced materials and computing algorithms, Luna and GTRI
dramatically enhanced the antenna design, modeling, and prototyping
process. These advances enabled fabrication of efficient brassboard
prototypes on a very short time scale, leading to dramatic
reductions in design-to-fielding time for new wideband
antennas.
The modularity and cost-effectiveness of each step in the
prototyping process will lead to rapid technology transfer to
end-users in a wide variety of platforms. Now, brassboard
prototypes of new antenna designs can be rapidly manufactured
within hours or days, giving the Army the capability to fabricate
and test new antenna concepts without expensive and lengthy
operations. The technologies can be applied to other Department of
Defense and commercial applications.
About Luna Innovations
Luna Innovations Incorporated (www.lunainnovations.com) focuses
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. Through its disciplined commercialization
business model, Luna has become a recognized leader in
transitioning science to solutions.
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: product
capabilities, technological attributes, advantages and
applications, and customer use. 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 technological challenges in specific
applications 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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