Luna Sells Secure Computing and Communications Group
04 Março 2013 - 11:00AM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA), which develops and
manufactures new-generation products for the healthcare,
telecommunications, energy and defense markets, today announced the
sale of its Secure Computing and Communications (SCC) group to
MacAulay-Brown, Inc. (MacB).
The sale of SCC will enable Luna to more narrowly focus on the
company’s key strategic initiatives that relate to its core
strength in fiber optic sensing while reducing the company’s
exposure to reductions in government spending.
“We are very proud of the unique expertise we developed in
secure computing technology. The sale of SCC allows us to increase
liquidity and focus on the growth potential of our core fiber-optic
technology,” said My Chung, Luna’s CEO. “MacB has a strategic focus
in areas where our SCC technology is already being applied as well
as the infrastructure to advance this technology for military and
intelligence customers. This is truly an ideal home for this unique
technology and the talented people of SCC.
“This sale accelerates the monetization of our secure computing
technology while mitigating exposure to reductions in government
spending,” Chung added. “We look forward to working with MacB and
SCC’s customers on a smooth transition.”
Since 2003, SCC has conducted research and development of
innovative electronic components and methods, and has provided
technical services with a focus on critical U.S. military and
National Security applications. In addition, SCC is a leader in the
development of methods and technologies to build trust into
integrated circuits and energy management systems.
“We are delighted to welcome SCC to our growing portfolio,” said
Sid Fuchs, President and CEO of MacB. “This advanced
technology is a good strategic fit that builds on the role we play
in our nation’s defense. In working with SCC to verify the
capability and usability of its products, we recognized the
benefits of this growing technology for our existing customers and
our ability to bring this technology to market.”
Employees of SCC, as well as the business and intellectual
property portfolio, will shift to MacB, a privately held company
that provides advanced engineering services and national security
solutions.
About Luna
Luna Innovations Incorporated (www.lunainc.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.
About MacAulay-Brown
For more than 30 years, MacAulay-Brown, Inc. (MacB), owned by
industry veterans Syd and Sharon Martin, has been solving some of
the Nation’s most complex National Security challenges. Defense,
Intelligence Community, Homeland Security and Federal agencies rely
on MacB’s innovative and proven engineering and technical solutions
to meet the challenges of an ever-changing world. With Corporate
Headquarters in Dayton, Ohio and National Capital Headquarters in
Vienna, Va., MacB’s 2,000 employees worldwide are dedicated to
developing mission focused and results oriented solutions that make
a difference where and when it matters most.
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 transition
of the SCC business to MacAulay-Brown and the future growth of
Luna’s core fiber optic technologies. 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 technological challenges in specific applications and
risks and uncertainties set forth in Luna’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 Luna's website at http://www.lunainc.com. The statements
made in this release are based on information available to Luna as
of the date of this release and Luna undertakes no obligation to
update any of the forward-looking statements after the date of this
release.
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