Date Announced: 30 Apr 2019
Phoenix laser order further underscores Luna’s fiber optic-based expertise.
ROANOKE, Va.--(BUSINESS WIRE)--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.”
Source: Luna Innovations
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Web Site: www.lunainc.com