Business Wire
ROANOKE, Va. -- April 30, 2019
Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced
fiber optic-based technology, today announced that it will supply an
industry-leading robotics company with a significant number of its Phoenix
tunable lasers. The order, valued at more than $6 million, will be delivered
over four years, with deliveries beginning this summer.
Luna’s Phoenix tunable laser was designed with systems integration in mind and
is well-suited to a wide range of fiber optic sensing instrumentations. The
Phoenix is a miniaturized, tunable external cavity laser offering high
performance in a compact footprint, which provides improved scalability,
ruggedness and speed compared to similar lasers on the market. These features
are ideal for robotics applications because they enable the maximum precision
and repeatability needed to measure and control very fine movement.
Laser-based fiber optic sensing systems are now widely deployed across many
industries due to the benefits of optical fiber over traditional techniques in
terms of precision and scalability. Advanced robotics increasingly relies on
optical-based measurement systems as a core component. The Phoenix laser
delivers the high performance needed to maintain maximum precision and
reliability and is ideal for these applications.
“Luna’s collaboration with an industry-leading robotics company demonstrates
how far our optical sensing technology has advanced,” said Scott Graeff,
President and CEO of Luna Innovations. “The technology has matured to the
point where it is being used in precise applications – requiring the ultimate
in performance, reliability and quality. From a commercialization standpoint,
an order of this magnitude, combined with our existing platform, will allow us
to achieve greater economies of scale on our existing and future products.”
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