Luna Innovations will be exhibiting at the upcoming ADIPEC 2024 Conference and Exhibition in Abu Dhabi, UAE, November 4-7. Luna will be located in Hall 14 – Stand 14338 (Digitalization Hall.)

Luna’s fiber-optic technology enables renewable energy technologies, reduces CO2 emissions to the atmosphere, and allows manufacturers to produce more sustainable materials.

Learn how Luna's fiber-optic technology is helping to make the world a cleaner place to live and grow. 

For over a decade, Luna has been a trusted partner for Optical Coherence Tomography system integrators, offering OEM modules, subsystems, and test & measurement instruments to help capture higher resolutions images than traditional imaging methods.  

OCT systems can capture images at a higher resolution than traditional systems. In part 2 of the series, we cover the additional details of these fiber-based OCT systems and optical system integration capabilities.

Luna Innovations Incorporated announced the appointment of Kevin Ilcisin as its new President and Chief Executive Officer, the retirement of Richard Roedel from the Board of Directors after nearly 20 years of service, and the closing of a $15 million junior secured term loan facility.

Luna’s fiber-optic-based distributed acoustic sensing (DAS) system and OptaSense OS6™ real-time visualization software were deployed along the slurry line from a remote mining zone to a port hundreds of kilometers away. 

In this first of a two-part blog series, we take a closer look at LIDAR (Light Detection and Ranging) technology and its broad-reaching applications that impact many of our daily activities.

Luna’s RIO Lasers developed proprietary PLANEX technology specifically to address the needs of optical sensing and meteorology where high coherence length and low noise are critical enabling specifications. In this second post of a 2-part series, we examine the performance further and examples of outcomes.

Luna Innovations will delay the release of its fourth quarter and fiscal year 2023 financial results. 

A Special Committee of the Company’s Board of Directors is conducting an independent review of certain transactions for which revenue was recognized in the second and third quarters of 2023 that did not qualify for revenue recognition under U.S. generally accepted accounting principles. 

Our acquisition of Silixa, Distributed Fibre Optic Sensing Systems & Solutions provider, strengthens Luna's portfolio of distributed fiber optic sensing solutions.

This acquisition adds significant new growth markets and applications, further expanding our global footprint.

 Conference Call Scheduled for December 21st, at 11:00 AM ET
 

Proceeds from this strategic investment were partially used to fund the acquisition of Silixa, also announced today, and related transaction costs in the aggregate amount of approximately $25 million. Remaining proceeds were used to repay the Company’s outstanding $17 million term loan with PNC Bank and strengthen the Company’s balance sheet.

Luna has extended its existing relationship with Northrop Grumman by securing a new, multi-unit, multi-million dollar order for its OBR 6200 portable backscatter reflectometer in support of the F-35 Joint Strike Fighter.

Luna collaborated with  automation contractor ABB, to provide leak detection, pipeline security and facility security across the 1,811 km route for the transcontinental gas supply from Azerbaijan to the EU, a project spanning six years for Trans-Anatolian Natural Gas Pipeline (TANAP).

Luna’s optical frequency domain reflectometry (OFDR) technology has facilitated PDV system development since the early days of PDV. The OBR 4600’s high spatial resolution reflectivity measurement and ability to characterize a complete optical path in one scan make it extremely useful as a diagnostic tool for PDV systems.

Luna announced a large contract in support of a major technology provider’s hyperscale data centers. The provider will employ Luna’s polarization control technology to help improve the accuracy of tests it performs on components it installs in its data centers.