Luna announces agreement to commercialize new self-cleaning textile technology
04 Novembro 2013 - 2:51PM
Business Wire
Company grants exclusive license to UltraTech
International to market repellent that protects clothing from
liquids
Luna Innovations Incorporated (NASDAQ: LUNA) today announced an
agreement granting UltraTech International Incorporated an
exclusive license to commercialize Luna’s new textile repellent
technology that can protect first responders from pathogens and
industrial workers from contaminants, as well as address the common
problem of keeping fabric clean.
Under the agreement, Luna will license exclusive rights to
UltraTech to commercialize the technology while UltraTech will
bring it to production and market it through its global sales
channels. The commercialization potential for the technology is
broad, as it may be sold as a standalone product that can be
applied to textiles or as treated fabric with the technology
embedded.
The proprietary chemical technology uses a nanostructured
textile coating to create an omniphobic treatment that repels both
water- and oil-based liquids so they roll off without penetrating
the underlying fabric. This technology provides protection against
contaminants and can also make clothes last longer and reduce
laundering – a potentially significant cost savings for both
households as well as large organizations such as the U.S. military
and oil & gas operations.
The innovation first came about from research that Luna
completed under a U.S. Army contract awarded through the Small
Business Innovation Research (SBIR) program to develop
self-cleaning uniforms based on the use of omniphobic coatings,
which are coatings that do not allow water, oils, solvents, or
chemicals to wet the surface. In UltraTech, Luna has now found a
partner to take its technology to market.
“This commercialization agreement is important for two key
reasons,” said My Chung, CEO of Luna. “First, it represents a
commercialization success story for us, with the recognition that
our breakthrough technology is now ready for the commercial
marketplace. Additionally, it demonstrates how Luna’s involvement
in the SBIR program guides the development of our technology to
solve specific needs, which can then be applied to meet commercial
market demands.”
“Luna’s technology effectively complements our current advanced
technology product offerings,” added Mark Shaw, Co-President of
UltraTech, based in Jacksonville, Fla. “We’re pleased to partner
with Luna, a leader in technology development, to advance their
patent-pending textile treatment that we expect will have many
commercial and military applications. With our experience in
introducing new products and a global sales channel that matches
needs with solutions, we look forward to bringing this innovative
coating to market.”
Inspired by nature, Luna’s fluid-resistant coatings are based on
hierarchical particles composed of commercially available
materials. The particles are part of a water-based solution coated
onto textiles to create omniphobic fabrics. The self-cleaning
coatings can be applied over other treatments to a variety of
synthetic and natural fabrics using conventional textile finishing
processes on a large scale. Fabrics treated with the technology are
breathable, lightweight, self-cleaning and durable under harsh
conditions.
About UltraTech
UltraTech International Incorporated, based in
Jacksonville, Fla., was formed in 1993 with one goal in mind: to
create the world’s finest offering of spill containment and spill
response products. Since then, its vision has expanded into
additional product categories and the company now features a
product line that consists of over 300 unique products. UltraTech
recently formed an Advanced Technology Group (ATG) to bring nano
and other advanced technologies such as the Luna product to market.
Ultra-Ever Dry was the first product offering from this group.
UltraTech introduces an average of 20 new products per year and is
credited with nearly 60 patents. Their lines of “problem solver”
products are market leaders in many categories. UltraTech’s
products are sold globally through an extensive network of safety,
industrial and environmental products distributors.
About Luna
Luna Innovations Incorporated (www.lunainc.com) is a public
company comprised of scientists, engineers, and business
professionals developing and manufacturing a new generation of
technologies and products. It has been successful in taking
innovative technologies from applied research to product
development and ultimately to the commercial market; driving
breakthroughs in fields as diverse as healthcare,
telecommunications, aerospace, energy, automotive, and defense.
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, infrastructure deployment, 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.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 Incorporated undertakes
no obligation to update any of the forward-looking statements after
the date of this release.
Luna Innovations IncorporatedDale Messick,
1-540-769-8400IR@lunainc.com
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