Luna Signs Significant Contract with Intuitive Surgical
22 Setembro 2022 - 11:13AM
Business Wire
Executes on strategy of long-term, recurring
sales
Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in
advanced fiber optic-based technology, today announced a new, $14.2
million contract with its long-standing partner Intuitive Surgical,
Inc (NASDAQ: ISRG). This new agreement provides for the supply of
critical photonic subsystems manufactured by Luna and incorporated
into Intuitive’s next generation robotic surgical systems.
“This is a great example of how many of our products are finding
a foothold in large and growing market applications such as
surgical robotics, and it speaks directly to our growth potential,"
said Scott Graeff, Luna’s President and CEO. "We are excited to
expand our relationship with Intuitive Surgical and support its
visionary leadership in improving human health and surgical
outcomes. Luna is honored to help advance this leadership by
supplying critical technologies over the years to come.”
Luna’s PHOENIX™ tunable laser and compact line of Optical
Polarization Controllers will play critical roles in enabling
further production of hardware modules and sustained global growth
of Intuitive Surgical’s advanced robotic surgical systems.
Laser-based fiber optic sensing systems are now widely deployed
across many industries due to the benefits of fiber optics over
traditional techniques in terms of precision and scalability.
Advanced robotic surgery increasingly relies on optical-based
measurement systems as a core component. Luna’s PHOENIX™ tunable
laser and compact line of Optical Polarization Controllers deliver
the high performance needed to maintain maximum precision and
reliability required for rapidly growing applications like robotic
surgery.
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 a multitude of industries. Luna’s business model is
designed to accelerate the process of bringing new and innovative
technologies to market.
Forward-Looking
Statement
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 technological capabilities, industry
trends, market opportunities and acceptance, customer and business
relationship, growth potential, execution of strategy and
operational efficacy related to its technology and/or products.
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, challenges in executing
strategies, competitive forces 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/20220922005208/en/
Investors: Allison Woody Luna Innovations Incorporated
Phone: 540.769.8465 Email: woodya@lunainc.com
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