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Luna Announces Multi-Year Agreement with Intuitive Surgical

  Luna Announces Multi-Year Agreement with Intuitive Surgical

   Companies map out plan to continue to work together to integrate Luna’s
     shape-sensing technology into robotically assisted surgical systems

Business Wire

ROANOKE, Va. -- July 8, 2013

Luna Innovations Incorporated (NASDAQ: LUNA), which develops and manufactures
new-generation products for the healthcare, telecommunications, energy and
defense markets, today announced a multi-year agreement that amends its
development and supply agreement with Intuitive Surgical, Inc., (NASDAQ:
ISRG), the global leader in robotically-assisted minimally invasive surgical
systems. The agreement provides for the achievement of various development
milestones through 2015.

The new agreement builds on previous work between the companies to integrate
Luna’s high-speed shape-sensing technology into Intuitive’s platform for
robotically-assisted minimally invasive surgery. The agreement covers the work
planned over a multi-year period so that the component representing Luna’s
technology is ready to be brought to market. Under the existing development
and supply agreement, Luna is the exclusive supplier to Intuitive of these
components.

“This new commitment with Intuitive further expands our relationship with a
leader in the growing field of robotically-assisted surgery,” said My Chung,
Luna’s CEO. “It further demonstrates the significant advancements our company
has made toward revenue-enhancing productization as we continue to focus on
shape sensing as an area for growth. We’re pleased to strengthen our
relationship with Intuitive and are committed to achieving key milestones in
the agreement in the years ahead.”

About Luna

Luna Innovations Incorporated (www.lunainc.com) focuses on sensing and
instrumentation. Luna develops and manufactures new-generation products for
the healthcare, telecommunications, energy and defense markets. The company's
products are used to measure, monitor, protect and improve critical processes
in the markets it serves.

Forward Looking Statements

This release includes information that constitutes "forward-looking
statements" made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995, including statements regarding, but
not limited to: the uniqueness of Luna’s technology and intellectual property,
the future relationship between Luna and Intuitive and incorporation of Luna’s
technology into Intuitive’s products. Statements that describe the company's
business strategy, goals, prospects, opportunities, outlook, plans or
intentions are also forward-looking statements. Actual results may differ
materially from the expectations expressed in such forward-looking statements
as a result of various factors, including technical and scientific
difficulties, complications or difficulties in improving medical surgeries
and/or outcomes, market forces in the medical industry, and issues that might
arise in any particular business relationship, and 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
http://www.sec.gov, and at the company's website at http://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 Innovations undertakes no
obligation to update any of the forward-looking statements after the date of
this release.

Contact:

Luna Innovations Incorporated
Dale Messick, 540-769-8400
IR@lunainc.com
 
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