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 has extended its existing relationship with Northrop Grumman by securing a new, multi-unit, multi-million dollar order for its OBR 6200 portable backscatter reflectometer in support of the F-35 Joint Strike Fighter.
Luna collaborated with automation contractor ABB, to provide leak detection, pipeline security and facility security across the 1,811 km route for the transcontinental gas supply from Azerbaijan to the EU, a project spanning six years for Trans-Anatolian Natural Gas Pipeline (TANAP).
Luna Innovations Incorporated (NASDAQ: LUNA), announced its financial results for the three and nine months ended September 30, 2023.
Luna announced a large contract in support of a major technology provider’s hyperscale data centers. The provider will employ Luna’s polarization control technology to help improve the accuracy of tests it performs on components it installs in its data centers.
Luna Innovations Incorporated will report its third-quarter financial results for the period ended September 30, 2023, before the open of the stock market on Tuesday, November 14, 2023.
George Gomez-Quintero is joining the company as Chief Financial Officer (CFO) today. Mr. Gomez-Quintero will succeed current CFO Gene Nestro, who has agreed to assist the company through mid-2024 to ensure a smooth transition. Mr. Gomez-Quintero will lead Luna’s Finance organization and represent Luna in communications with investors, lenders and rating agencies.
Luna continues it's successful application of fiber optic sensing-based traffic monitoring with a recent deployment for the state of Utah Department of Transportation (DOT). The Luna traffic monitoring solution provides accurate and timely information across both urban and rural roadways. The unique and cost-effective system is capable of determining average traffic speed, detecting slow or stopped traffic, and estimating journey times between set locations.
Luna Innovations won a large contract to provide heat detection monitoring of 40 kilometers of conveyor belt in 11 South African mines, utilizing the LIOS DE.TECT linear heat detection system.
Scott Graeff, President and CEO of Luna Innovations, will participate in the 14th Annual Midwest IDEAS Conference on Thursday, August 24, 2023, at The Gwen in Chicago, Illinois. The company’s presentation is scheduled to begin at 2:40 p.m. CT. The presentation will be webcast and may be accessed through the conference host’s main website.
Q2 Highlights Reaffirms Full-Year 2023 Outlook. View the announcement of Luna's financial results for the three and six months that ended June 30, 2023.
Luna announced that it has won a large, new purchase order for its THz sensing solution for application in automotive electric vehicle (EV) battery production. Luna is also announcing completion of the transfer of production of THz solutions to its Atlanta, Georgia facility.