Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing and test & measurement products focused on bringing technology solutions to measure, monitor, protect, and improve critical processes in the aerospace, automotive, energy, composite, telecommunications, and defense industries. The company also packages optoelectronic semiconductors into high-speed optical receivers (HSOR products), custom optoelectronic subsystems (Optoelectronics products), and Terahertz (THz) instrumentation. Its HSOR transmission products are deployed in the Internet infrastructure to enable the high-speed bandwidth necessary to support video and data. The company’s Optoelectronics products are sold to scientific instrumentation manufacturers for various applications, such as metrology, currency validation, flame monitoring, and temperature sensing. In addition, it provides applied research services, typically under research programs funded by the U.S. government, in areas of advanced materials, sensing, and healthcare applications. The company uses its in-house technical expertise across a range of technologies to perform applied research services for companies and for government funded projects. Segments The company is organized into main segments, Products and Licensing, and Technology Development. Products and Licensing segment This segment develops, manufactures, and markets its suite of products, including its HSOR, Optoelectronics, and THz products, as well as its fiber optic sensing, and test & measurement products. This segment also includes revenues from licenses of its technologies to third parties and the funded development of potential new products for both corporate and government customers. In its Products and Licensing segment, the company develops and markets fiber optic test & measurement products, which provide solutions primarily for the telecommunications industry. It offers ODiSI platform of products for distributed sensing of strain and temperature. Test & Measurement, Sensing, and Instrumentation Products Test & Measurement Equipment for Fiber Optic Components and Sub-Assemblies The company’s product lines in the test & measurement domain include its Optical Vector Analyzer (OVA), its Optical Backscatter Reflectometer (OBR), and the Phoenix family of tunable lasers. Its test & 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 and allow them to reduce development, test and production costs and improve the quality of their products. Majority manufacturers and suppliers of optical components and modules use various 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 could cause defects and impact product performance. The company’s OVA platform allows manufacturers and suppliers of optical components and sub-assemblies to reduce development, test and production costs and time-to-market by replacing measurement platforms with a single integrated instrument. The company’s OBR is a sensitive diagnostic device that has application in the telecommunications industry and the flexibility to provide measurements in various other non-telecom applications. Its OBR allows data and telecommunications companies and the service providers who 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 graphical user interface also makes the OBR product suitable for both research and manufacturing applications. The OBR gives end users a 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 generat
luna innovations inc (LUNA:NASDAQ CM)
301 1st Street, SW
Roanoke, VA 24011
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