Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products to measure, monitor, protect and improve critical processes in the aerospace, automotive, energy, composite, telecommunications, and defense industries. The company uses its in-house technical expertise across a range of technologies to perform applied research services for companies and government-funded projects in the areas of sensing and instrumentation, advanced materials, and health sciences. Segments The company is organized into Products and Licensing segment and Technology Development segment. The Products and Licensing segment develops, manufactures and markets its fiber optic sensing, as well as test and measurement products. The company develops and commercializes its fiber optic technology for strain and temperature sensing applications for the aerospace, automotive, and energy industries. The Technology Development segment performs applied research principally in the areas of sensing and instrumentation, advanced materials and health sciences. Most of the government funding for the company’s Technology Development segment outside of secure computing and communications group is derived from the Small Business Innovation Research program coordinated by the U.S. Small Business Administration. Products In the Products and Licensing segment, the company develops and markets fiber optic test and measurement products, which provide solutions primarily for the telecommunications industry. Test and Measurement, Sensing, and Instrumentation Products Test and Measurement Equipment for Fiber Optic Components and Sub-Assemblies The company’s product lines in the test and measurement domain include its Optical Vector Analyzer, its Optical Backscatter Reflectometer (OBR), and the Phoenix family of tunable lasers. The company’s test and measurement products monitor the integrity of fiber optic network components and sub-assemblies. These products are designed for manufacturers and suppliers of optical components and sub-assemblies. Most manufacturers and suppliers of optical components and modules use a combination of different types of optical test equipment to identify and measure failures in optical networks, such as bad splices, bends, crimps and other reflective and non-reflective events that can cause defects and negatively impact product performance. The company’s optical test equipment products replace the need to employ multiple test products by addressing all stages of the end user’s product development lifecycle, including design verification, component qualification, assembly process verification and failure analysis. The company’s OBR is a highly sensitive diagnostic device which has application in the telecommunications industry and flexibility to provide measurements in various other applications. The company’s OBR allows data and telecommunications companies and the service providers maintain their own fiber optic networks to reduce test time and improve product quality. The company’s OBR provides the ability to inspect fiber networks with higher resolution and better sensitivity than is possible with other existing test products. Its user-friendly graphical user interface also makes the OBR product suitable for both research and manufacturing applications. The OBR gives end users a very high resolution view that is similar to an X-Ray into the inner workings of a fiber optic network. The OBR also has a feature that allows users to turn standard optical fiber into multiple sensors that could be used in various temperature measurement and monitoring applications, including power generation, civil structure monitoring, industrial process control; component-level heating in optical amplifiers, strain and load distribution measurements of aircraft harnesses and temperature monitoring inside telecommunications cabinets and enclosures. ODiSI Sensing Solution; Optical Distributed Sensor Interrogator: In 2011, the company launched its new sensing platform called ODiSI.
luna innovations inc (LUNA:NASDAQ CM)
1 Riverside Circle
Roanoke, VA 24016
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