Luna Announces Multi-Year Agreement with Intuitive Surgical
08 Julho 2013 - 10:00AM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA), which develops and
manufactures new-generation products for the healthcare,
telecommunications, energy and defense markets, today announced a
multi-year agreement that amends its development and supply
agreement with Intuitive Surgical, Inc., (NASDAQ: ISRG), the global
leader in robotically-assisted minimally invasive surgical systems.
The agreement provides for the achievement of various development
milestones through 2015.
The new agreement builds on previous work between the companies
to integrate Luna’s high-speed shape-sensing technology into
Intuitive’s platform for robotically-assisted minimally invasive
surgery. The agreement covers the work planned over a multi-year
period so that the component representing Luna’s technology is
ready to be brought to market. Under the existing development and
supply agreement, Luna is the exclusive supplier to Intuitive of
these components.
“This new commitment with Intuitive further expands our
relationship with a leader in the growing field of
robotically-assisted surgery,” said My Chung, Luna’s CEO. “It
further demonstrates the significant advancements our company has
made toward revenue-enhancing productization as we continue to
focus on shape sensing as an area for growth. We’re pleased to
strengthen our relationship with Intuitive and are committed to
achieving key milestones in the agreement in the years ahead.”
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.
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 uniqueness
of Luna’s technology and intellectual property, the future
relationship between Luna and Intuitive and incorporation of Luna’s
technology into Intuitive’s products. 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 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.lunainc.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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