Luna Wins Major Contract for Levee Monitoring
21 Dezembro 2022 - 10:35AM
Business Wire
Fiber optic sensing used to monitor for early
warning signs of levee failure
Luna Innovations (NASDAQ: LUNA), a global leader in advanced
fiber optic-based technology, was recently awarded a contract with
PT Freeport Indonesia, an affiliate of Freeport-McMoRan, and one of
the world’s leading gold and copper mining companies, to provide an
early-warning monitoring system for the West and East levees
between the Otomona and Aikwa rivers in West Papua, Indonesia.
“Our fiber sensing solutions are helping Freeport manage and
mitigate risks by providing decision-ready information across very
long linear assets,” said Scott Graeff, President and CEO of Luna.
“The information we are able to deliver not only provides current
conditions but also dynamic changes that have or are occurring,
resulting in tremendous insight into the health of Freeport’s
levees and an overall increase in safety. Infrastructure monitoring
applications like this are growing rapidly around the world, and
Luna is well positioned to add significant value to customers that
need robust, cost effective twenty-four seven monitoring of
critical assets.”
Tailings are the residual moisture and sand produced in the
separation of valuable minerals from ore extracted during mining
operations. This residue is transported to a designated deposition
area, controlled by levees on the east and west sides along those
rivers.
The monitoring of the two levees will be done using a fiber
optic-based distributed sensing system. A range of up to 50km on
both levees will be monitored for early warning signs of potential
issues that could lead to a failure of the levee structure. The
system can instantly identify cable breaks and temperature “hot
spots” along the length of the fiber. The continuous monitoring of
levees for changing conditions allows PT Freeport Indonesia the
ability to run targeted inspections to determine if and what
remedial action is necessary to prevent major failures.
In addition to levee monitoring, Luna’s distributed sensing
technology has been used by PT Freeport Indonesia to monitor the
slurry pipelines used in their mining operations since 2014.
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, risk
management and mitigation, quality and actionability of
information, safety improvements 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, 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/20221221005151/en/
Investors: Allison Woody Luna Innovations Incorporated
Phone: 540.769.8465 Email: woodya@lunainc.com
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