Luna Innovations Signs Development Agreement with Philips Medical
08 Maio 2012 - 10:00AM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA), a leading
developer of fiber-optic sensing technology, today announced a
development agreement with Philips Healthcare, to conduct work in
advancing Luna’s technology towards the commercialization of
fiber-optic shape sensing in the non-robotic medical field.
Under the agreement, Luna will conduct development work and
provide advanced prototypes for a new-generation shape sensing
device that will be used in the medical field. If successful, these
devices will be used by physicians to provide additional 3D
guidance while performing minimally invasive interventions.
The two companies have been discussing collaboration after
Philips purchased sublicenses to Luna’s intellectual property in
the non-robotic medical field from Hansen Medical in February 2011.
Philips purchased several early prototype systems from Luna last
year for internal evaluation. After evaluation of these systems,
Luna and Philips decided to enter into an agreement to develop the
next generation system.
The development agreement complements existing efforts to
integrate Luna’s fiber-optic shape sensing technology into
minimally invasive robotic surgery systems made by the leading
manufacturers in the industry. Luna has been working in the medical
robotic field with Intuitive Surgical since 2007 and with Hansen
Medical since 2010.
“This agreement with Philips further strengthens Luna’s broad
relationship with key players in the medical space while further
validating the market potential of our technology,” said My Chung,
Luna’s CEO. “The medical market is a core piece of our overall
strategy. It is with these relationships in medical technology that
our products will help improve health care. Our agreement with
Philips adds a valuable part of the industry to our portfolio.”
“We expect fiber-optic shape sensing to add valuable new
guidance options to minimally invasive care”, added Gerard Winkels,
Vice President, Strategy & Business Development, Philips
Healthcare. “We are of firm intention to bring this technology from
bench to bedside.”
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, the potential
of Luna’s technology and intellectual property, any possible
improvements to medical surgeries and/or medical outcomes
(including reducing use of x-rays for certain surgeries and
associated physical strain on surgeons), the future relationship
between Luna and Philips and other medical companies, the
incorporation of Luna’s technology into Philips’s products, the
role of minimally invasive surgery in advancing health care
generally and the role of Luna’s technology for minimally invasive
surgery. 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,
other trends in the health care 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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