Luna Innovations Announces CEO Transition
Richard Roedel Named Interim Executive Chairman and Interim President
Richard Roedel Named Interim Executive Chairman and Interim President
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, with the assistance of external legal and financial advisors, 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.
Company executives will participate in the 26th Annual Needham Growth Conference in New York City, New York. Scott Graeff, President and CEO; George Gomez- Quintero, CFO; and Brian Soller, CTO and EVP, Corporate Development, will present on Thursday, January 18, 2024, at 8:45 a.m. ET. Click to view details on the conference.
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’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.
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.
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 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 is proud to be an exhibiting partner for ADIPEC
LUNA is proud to be an exhibiting partner for AMI Medical Tubing and Catheters
LUNA is proud to be an exhibiting partner for Automotive Testing Expo
LUNA is proud to be an exhibiting partner for Battery Show USA