Meggitt and Luna Innovations Sign Exclusive License Agreement for the Supply of Fibre Optic Technology
26 Junho 2019 - 9:30AM
Business Wire
Meggitt PLC, a leading international company specialising in
high-performance components and sub-systems for the aerospace,
defence and energy markets, and Luna Innovations, Incorporated
(NASDAQ: LUNA), a market leader for fibre optic-based technology,
have signed an exclusive license agreement for the supply of fibre
optic components and technology for aircraft fire and overheat
detection equipment.
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Through this agreement Meggitt will develop and supply its
innovative next-generation Bleed Air Leak Detection systems using
fibre optic technology which improves sensor accuracy and
reliability, ensuring passenger and crew safety.
Aircraft overheat detection systems detect any leaks along the
bleed air ducts; this is critical to the integrity and safety of
the aircraft structure. Using fibre optic technology, Meggitt’s
pioneering solution provides real-time temperature measurement
continuously along the sensor length, providing a far quicker, more
accurate and versatile detection of fires or overheat.
Luna Innovations will provide key optical components for
integration with Meggitt’s electronic controllers and FBG (Fibre
Bragg Grating) sensors.
Hugh Clayton, Group Director, Engineering & Strategy says,
“We are delighted to be partnering with Luna Innovations on our
fibre optic development programme. Luna Innovations leads the field
in this area. Our next-generation optical sensing solutions deliver
important weight and maintenance cost savings and they also support
the development of future health monitoring technology. We plan to
extend the solution to fire detection in the near future.”
“As a leading supplier of fibre optic-based technology for the
aerospace and automotive industries, we are thrilled to be
partnering with Meggitt to supply fibre optic-based sensing
equipment for aircraft,” said Scott Graeff, President and Chief
Executive Officer of Luna Innovations Incorporated. “Our
partnership with Meggitt will use state-of-the-art sensors to
create a safer environment for crew and passengers, and we look
forward to installing this on commercial aircraft in the
future.”
About Meggitt PLC
Headquartered in the United Kingdom, this international group
operates in North America, Europe and Asia. Known for its
specialised extreme environment engineering, Meggitt is a world
leader in aerospace, defence and energy. Meggitt employs more than
11,000 people at over 40 manufacturing facilities and regional
offices worldwide.
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
expectations regarding technological leadership and technological
and product capabilities and advantages. 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, changes in market needs and
technological 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/20190626005227/en/
Kate Moss Group Communications Director Meggitt PLC Tel: +44 (0)
7464 677987 Email: press.office@meggitt.com Jane Bomba Luna
Innovations Incorporated Phone: 1.303.829.1211 Email:
ir@lunainc.com Sally Curley Luna Innovations Incorporated Phone:
1.614.530.3002 Email: ir@lunainc.com
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