Luna Technologies Launches New Optical Vector Analyzer

OVA 5000 scans all parameters in less than three seconds

ROANOKE, Va.--Sep. 17, 2009-- Luna Technologies, an industry-leading developer of advanced solutions for fiber optic test and measurement systems and a division of Luna Innovations Incorporated (NASDAQ: LUNA), today announced its newest product in the Optical Vector Analyzer™ platform, the OVA 5000. This instrument is the fastest, most accurate and economical tool for loss, dispersion and polarization measurements of modern optical networking equipment, all packaged with a user-friendly interface and a small footprint. It is the ideal device for single-measurement, all-parameter analysis of fiber optic components and assemblies up to 150 meters in length. With the new OVA 5000, a full C and L band characterization of all linear optical parameters can be completed in less than three seconds.

Luna’s patented characterization technique uses swept-wavelength interferometry to accurately measure all device characteristics in a single scan of a tunable laser. The OVA is the only instrument measuring the complete linear transfer function of a device under test. With this measurement, the OVA characterizes all linear optical parameters including: Insertion Loss (IL),Polarization Dependent Loss (PDL), GroupDelay (GD), Chromatic Dispersion (CD), Polarization Mode Dispersion (PMD), and Second Order PMD. It also measures the Optical Time Domain Response, the complex Jones Matrix Elements and the Optical Phase Response.

“We offer a unique and unprecedented way of characterizing optical components that provides our customers with valuable benefits,” said Luna’s Chief Technology Officer Dr.Mark Froggatt. “Speed is incredibly important, which is where Luna has an edge. The OVA 5000 offers complete, rapid, single-scan measurement of all parameters in real-time which allows our DWDM component manufacturers to save time and money.”

Luna’s OVA 5000 is available within six to eight weeks from order placement. For more information email the Luna sales team at [email protected], or see the Web site at www.lunatechnologies.com for the list of domestic and international contacts. Luna will be demonstrating its optical test and measurement solutions at the European Conference and Exhibition on Optical Communications (ECOC) in booth #309, beginningSeptember 20 inVienna, Austria.

About Luna Technologies:

Luna Technologies, a division ofLuna Innovations Incorporatedlocated inBlacksburg, Virginia, manufactures and markets test and measurement equipment and integrated sensing solutions.Luna Technologies'products are used for test, measurement and sensing in telecommunications, manufacturing, power generation and distribution, down-hole oil and gas, aerospace, and defense applications. Its products award-winning products are sold and distributed throughoutNorth America,Europe, theMiddle EastandAsia.

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 the benefits and performance of Luna’s OVA. 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 difficulties and the failure of Luna’s OVA to perform 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.lunainnovations.com. The statements made in this release are based on information available to the company as of the date of this release andLuna Innovations undertakes no obligation to update any of the forward-looking statements after the date of this release.

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Luna Technologies
Media Contact:
Karin Clark, 1 540-769-8400
[email protected]
or
Investor Contact:
Dale Messick, CFO, 1 540-769-8400
[email protected]