Relationship further strengthens Luna’s position in medical field
Under the agreement, Luna will conduct development work and provide advanced prototypes for a new-generation shape sensing device that will be used in the medical field. If successful, these devices will be used by physicians to provide additional 3D guidance while performing minimally invasive interventions.
The two companies have been discussing collaboration after Philips
purchased sublicenses to Luna’s intellectual property in the non-robotic
medical field from
The development agreement complements existing efforts to integrate
Luna’s fiber-optic shape sensing technology into minimally invasive
robotic surgery systems made by the leading manufacturers in the
industry. Luna has been working in the medical robotic field with
“This agreement with Philips further strengthens Luna’s broad
relationship with key players in the medical space while further
validating the market potential of our technology,” said
“We expect fiber-optic shape sensing to add valuable new guidance
options to minimally invasive care”, added
About
Forward Looking Statements:
This release includes information that constitutes “forward-looking
statements” made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995, including statements
regarding, but not limited to, the potential of Luna’s technology and
intellectual property, any possible improvements to medical surgeries
and/or medical outcomes (including reducing use of x-rays for certain
surgeries and associated physical strain on surgeons), the future
relationship between Luna and Philips and other medical companies, the
incorporation of Luna’s technology into Philips’s products, the role of
minimally invasive surgery in advancing health care generally and the
role of Luna’s technology for minimally invasive surgery. Statements
that describe Luna’s business strategy, goals, prospects, opportunities,
outlook, plans or intentions are also forward-looking statements. Actual
results may differ materially from the expectations expressed in such
forward-looking statements as a result of various factors, including
technical and scientific difficulties, complications or difficulties in
improving medical surgeries and/or outcomes, market forces in the
medical industry, other trends in the health care industry, and issues
that might arise in any particular business relationship, and risks and
uncertainties set forth in the company’s periodic reports and other
filings with the
Source:
Luna Innovations Incorporated
Dale Messick, 1-540-769-8400
[email protected]