Picometrix Division of Luna Announces $7 Million Order
29 Outubro 2015 - 6:33PM
Business Wire
Large quantity of High-Speed Optical Receivers
sold to a leader in the telecommunications industry
Luna Innovations Incorporated (NASDAQ: LUNA) today announced
that its Picometrix division recently received a $7 million
purchase order for its industry-leading 100G integrated coherent
receivers (ICR). The ICR is critical to enable high-speed optical
communication in long haul networks.
The Picometrix division of Luna manufactures and markets the
fastest, most sensitive, most temperature-stable, and
broadest-wavelength high-speed optical receivers (HSOR) available
for both the Transmission and Test & Measurement markets.
“This order reinforces the value of our high-speed optical
receiver technology to the telecommunications industry, and
therefore we are pleased with the growth potential that it
demonstrates for this area of our business,” said My Chung,
president and chief executive officer of Luna. “Considering the
continued level of deployment of new fiber optic networks,
including 100G networks in Asia and North America, creating
significant demand for our high-speed optical receiver and detector
products, I believe we will see continued growth of this product
line. Furthermore, this is strong evidence of the value that can be
realized from our merger with Advanced Photonix, Inc. earlier this
year.”
About Luna
Luna Innovations Incorporated (www.lunainc.com) develops,
manufactures and markets fiber optic sensing, test and measurement
products and is focused on bringing new and innovative technology
solutions to measure, monitor, protect and improve critical
processes in the aerospace, automotive, energy, composite,
telecommunications and defense industries. Following its merger
with Advanced Photonix, Inc. (API), the company also packages
optoelectronic semiconductors into high-speed optical receivers
(HSOR products), custom optoelectronic subsystems (Optosolutions
products) and Terahertz (THz) instrumentation. Luna is organized
into two business segments, which work closely together to turn
ideas into products: a Technology Development segment and a
Products and Licensing segment. Luna's business model is designed
to accelerate the process of bringing new and innovative
technologies to market.
Forward-Looking
Statements
The statements in this release that are not historical facts
constitute “forward-looking statements” made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995 that involve risks and uncertainties. These statements include
the company's expectations regarding the company’s future financial
performance, operating results and future growth of the company’s
business, greater capabilities following the completion of the
merger with API, potential demand for the company's high speed
optical receiver and detector products, and potential for improved
financial performance. Management cautions the reader that these
forward-looking statements are only predictions and are subject to
a number of both known and unknown risks and uncertainties, and
actual results, performance, and/or achievements of the company may
differ materially from the future results, performance, and/or
achievements expressed or implied by these forward-looking
statements as a result of a number of factors. These factors
include, without limitation, failure of demand for the company’s
products and services to meet expectations, integration or other
operational issues related to the merger, technological challenges
and those 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
www.sec.gov and at the company’s website at 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 undertakes
no obligation to update any of the forward-looking statements after
the date of this release.
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version on businesswire.com: http://www.businesswire.com/news/home/20151029006726/en/
Luna Innovations IncorporatedDale Messick, CFO1-540-769-8400
Luna Innovations (NASDAQ:LUNA)
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