Picometrix® Division of Luna Announces $2.8 Million in Orders
12 October 2016 - 3:38AM
Business Wire
100G High-Speed Optical Receivers for Delivery
in 2016
Luna Innovations Incorporated (NASDAQ: LUNA) today announced
that its Picometrix® division received $2.8 million of follow-on
purchase orders from a leader in the telecommunications industry
for its 100G Intradyne Coherent Receivers (ICR). The ICR is an
important component that enables high-speed optical communications
in long haul and metro networks to support the increasing global
bandwidth demand.
The Picometrix division of Luna is a leading designer and
manufacturer of optical receivers for bandwidth-intensive,
high-speed communications networks in the long haul and metro
markets and an integrated supplier of avalanche photodiodes (APDs)
and PIN photodetectors for the Fiber-to-the-Home (FTTH), Wireless,
and Data Center markets. Picometrix is also a leading supplier for
the communications test and measurement market.
“These orders, to be delivered in the fourth quarter of 2016
represent follow-on orders to our October 2015 announcement. The
Picometrix 100G ICR product platform represents an important
opportunity in the growing high-speed long haul and metro markets,”
said My Chung, president and chief executive officer of Luna. “The
increased level of deployment of new 100G fiber-optic long haul and
metro networks in Asia is creating significant demand for our
high-speed optical receiver and detector products. We believe we
will see continued growth of this product line as the network is
being built out.”
About Luna
Luna Innovations Incorporated (www.lunainc.com) is a leader in
optical technology, providing unique capabilities in high speed
optoelectronics and high performance fiber optic test products for
the telecommunications industry and distributed fiber optic sensing
for the aerospace and automotive industries. Luna is organized into
two business segments which work closely together to turn ideas
into products: a Technology Development segment and a Products and
Licensing segment. Luna’s business model is designed to
accelerate the process of bringing new and innovative technologies
to market.
Forward-Looking
Statements
The statements in this release that are not historical facts
constitute “forward-looking statements” made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995 that involve risks and uncertainties. These statements include
the company's expectations regarding the company’s future financial
performance, operating results and future growth of the company’s
business, potential demand for the company's high speed optical
receiver and detector products, and potential for improved
financial performance. Management cautions the reader that these
forward-looking statements are only predictions and are subject to
a number of both known and unknown risks and uncertainties, and
actual results, performance, and/or achievements of the company may
differ materially from the future results, performance, and/or
achievements expressed or implied by these forward-looking
statements as a result of a number of factors. These factors
include, without limitation, failure of demand for the company’s
products and services to meet expectations, technological
challenges and those 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 www.sec.gov and at the company’s website at
www.lunainc.com. The statements made in this release are based on
information available to the company as of the date of this release
and Luna undertakes no obligation to update any of the
forward-looking statements after the date of this release.
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Investor Contact:Luna Innovations IncorporatedDale
Messick, CFO1-540-769-8400
Luna Innovations (NASDAQ:LUNA)
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