Luna Innovations Receives Large Purchase Order for Tunable Lasers from Industry-Leading Robotics Company
30 Abril 2019 - 9:30AM
Business Wire
Phoenix laser order further underscores Luna’s
fiber optic-based expertise
Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in
advanced fiber optic-based technology, today announced that it will
supply an industry-leading robotics company with a significant
number of its Phoenix tunable lasers. The order, valued at more
than $6 million, will be delivered over four years, with deliveries
beginning this summer.
Luna’s Phoenix tunable laser was designed with systems
integration in mind and is well-suited to a wide range of fiber
optic sensing instrumentations. The Phoenix is a miniaturized,
tunable external cavity laser offering high performance in a
compact footprint, which provides improved scalability, ruggedness
and speed compared to similar lasers on the market. These
features are ideal for robotics applications because they enable
the maximum precision and repeatability needed to measure and
control very fine movement.
Laser-based fiber optic sensing systems are now widely deployed
across many industries due to the benefits of optical fiber over
traditional techniques in terms of precision and scalability.
Advanced robotics increasingly relies on optical-based measurement
systems as a core component. The Phoenix laser delivers the high
performance needed to maintain maximum precision and reliability
and is ideal for these applications.
“Luna’s collaboration with an industry-leading robotics company
demonstrates how far our optical sensing technology has advanced,”
said Scott Graeff, President and CEO of Luna Innovations. “The
technology has matured to the point where it is being used in
precise applications – requiring the ultimate in performance,
reliability and quality. From a commercialization standpoint, an
order of this magnitude, combined with our existing platform, will
allow us to achieve greater economies of scale on our existing and
future products.”
About Luna
Luna Innovations, Incorporated (www.lunainc.com) is a leader in
optical technology, providing unique capabilities in
high-performance, fiber optic-based, test products for the
telecommunications industry and distributed fiber optic-based
sensing for the aerospace and automotive industries. 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
Luna’s expectations regarding the suitabilities, performance and
capabilities of certain products, technological advancement and the
ability to achieve economies of scale. 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 Luna 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, technological and manufacturing
challenges and other risks and uncertainties set forth in Luna’s
periodic reports and other filings with the Securities and Exchange
Commission (“SEC”). Such filings are available on the SEC’s website
at www.sec.gov and on Luna’s website at 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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version on businesswire.com: https://www.businesswire.com/news/home/20190430005244/en/
Investor Contacts:Jane BombaLuna Innovations
IncorporatedPhone: 303-829-1211Email: IR@lunainc.com
Sally J. CurleyLuna Innovations
Incorporated614-530-3002IR@lunainc.com
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