Acquisition will accelerate growth in structural testing and sensing as well as communications testing
Due to the complementary nature of Micron Optics’ products, Luna expects
a smooth integration with its existing product lines. The combined
product portfolio has the potential to provide customers with better
capabilities and broader offerings, as Micron Optics brings products
with higher speeds and longer measurement range. The acquisition also
positions Luna to better penetrate its existing markets of aerospace and
automotive, through access to an expanded product portfolio and broader
customer base, including more direct access to customers in
“This acquisition exemplifies execution of the strategy we’ve developed.
The acquisition of Micron Optics fits squarely within our core
technology platform and target markets, and we believe will act as a
catalyst to accelerate growth,” said
Vice President and General Manager of Luna’s Lightwave Division,
Conference Call Information
Luna will discuss this announcement on a conference call, taking place
today at
Third-quarter Earnings Announcement
Luna also announced today that it will report its third-quarter
financial results for the quarter ended
The third-quarter earnings call can be accessed by dialing 844.578.9643 domestically or 270.823.1522 internationally prior to the start of the call. The participant access code is 9194505. Investors are advised to dial in at least five minutes prior to the call to register. The conference call will also be webcast live over the Internet. The webcast can be accessed by logging on to the “Investor Relations” section of the Luna website, www.lunainc.com, prior to the event. Both webcasts will be archived under the “Webcasts and Presentations” section of the Luna website for at least 30 days following the respective conference calls.
About
Micron Optics’ (www.micronoptics.com)
optical sensing and tunable filter products make impossible measurements
possible, revealing new, critical information for infrastructure,
energy, transportation, medical and industrial sectors. Since 1990,
Micron Optics has been expanding its core capabilities from tunable
optical components and leading-edge instrumentation and software, to
complete optical sensing systems. Micron Optics is a privately held
company with headquarters in
About Luna
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 Luna’s expectations
regarding the expected benefits of the acquisition, including the
ability of the acquisition to accelerate the company’s growth, the
integration of Micron Optics’ products into Luna’s product lines and the
company’s business strategies. 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 Luna 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, uncertainties
regarding integration of the companies’ respective employee bases,
service offerings and business operations, potential adverse reactions
or uncertainties regarding the acquisition among the companies’
customers, potential unknown liabilities and unforeseen expenses
associated with the acquisition, potential performance shortfalls as a
result of the diversion of management’s attention caused by completing
the acquisition and integrating the companies’ operations and other
risks and uncertainties set forth in Luna’s periodic reports and other
filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20181016005574/en/
Source:
Investor Contacts:
Luna Innovations Incorporated
Jane
Bomba, 303-829-1211
[email protected]
or
Sally
J. Curley, 614-530-3002
[email protected]