Luna Announces Fiber-to-the-Home Supply Agreement
22 Fevereiro 2016 - 4:00PM
Business Wire
Picometrix Division signs multi-year agreement
with leading PON network equipment supplier
Luna Innovations Incorporated (NASDAQ: LUNA), today announced
that its Picometrix division has entered into a 2-year supply
agreement for its 2.5G avalanche photodiode (APD) with a leading
OEM supplier of network equipment for the fiber-to-the-home (FTTH)
market. The company currently estimates revenue of approximately $4
million during the life of the agreement with shipments beginning
in the second quarter of 2016 and $2.4 million of revenue committed
in the first year of the agreement.
“We are excited to enter into this supply agreement which marks
another step in our penetration of the large and rapidly growing
FTTH Chinese market with our industry-leading 2.5G and 10G APD’s.
It is estimated that the China FTTH market will boost the number of
subscribers in China to more than 200 million by 2018 -- up from
about 70 million at the end of 2014,” commented Robin (Rob) Risser,
vice president and chief operating officer of the Picometrix
division.
With patented technology, the APD2.5A provides uncompromising
sensitivity and bandwidth, which allows it to be used for both the
central office node Optical Line Terminal (OLT) equipment, that
requires higher speed, and the Optical Network Terminal (ONT)
equipment that is at the end user location. The APD2.5A is just one
of an industry-leading suite of high-speed optical products that
Picometrix provides to cover the major modulation schemes for
telecommunication systems. The suite of products includes receivers
used in 10G, 100G and beyond targeted at the rapidly growing
long-haul and metro markets, and 2.5G and 10G avalanche photodiodes
targeted at the high volume and high growth PON FTTH markets
(passive optical network fiber-to-the-home).
“This supply agreement exemplifies the effort that Luna has
invested in growing our FTTH market offering,” said My Chung,
president and chief executive officer of Luna. “We are pleased to
enter 2016 with substantial momentum in our photodiode solutions
given our recent successful negotiations and continued growth in
2.5G, 10G and 100G product platforms. The growth opportunity
afforded by the Picometrix APD technology was a significant
consideration in our decision to merge with Advanced Photonix last
year, and I continue to believe that it positions us well for
revenue growth in 2016 and beyond.”
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 (Optoelectronics
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.
About the Picometrix Division
Picometrix is a division of Luna Innovations Incorporated that
manufactures High-Speed Optical Receiver (HSOR) products used in
telecommunication equipment as well as in test and measurement
equipment utilized in the manufacturing of telecommunication
equipment. Additionally, the Picometrix division manufactures the
Terahertz sensor product line, which is targeted at the
non-destructive testing Process Control, Quality Control, and
Laboratory markets. The T-Gauge® sensor can measure subsurface
physical properties, like multi-layer thicknesses, density,
moisture content, anomaly direction and some chemical features,
online and in real time.
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 future revenue from the supply agreement, the
company's expectations regarding the company’s future financial
performance, operating results and future revenue growth, the
growth of the China FTTH market and the growth of the company’s
FTTH market offering. 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, dependence on the performance of third
parties including the OEM supplier, continued adoption of FTTH by
consumers, continued investment in FTTH by telecommunications
service providers, Chinese macroeconomic factors, 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/20160222006371/en/
Luna Innovations IncorporatedDale Messick, CFO,
1-540-769-8400
Luna Innovations (NASDAQ:LUNA)
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