This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Luna Innovations Sets New Strategy For Future

Luna Innovations Incorporated (NASDAQ: LUNA) has announced a new corporate strategy to grow revenue that focuses on serving high-growth industries with new technology solutions to measure, monitor, protect and improve critical processes in the medical, defense and composites industries.

The strategy, recently approved by the company’s Board of Directors, focuses on three key objectives:

  • Become the leading provider of sensing systems and standard test methods for composite materials by offering disruptive technology that revolutionizes the industry.
  • Continue to pioneer the way and be the leading supplier of fiber-optic shape sensing technology for robotic and minimally invasive surgical systems.
  • Be the leading choice for ensuring the integrity of integrated circuits used in defense systems.

“Over the past few months, our leadership team and board members have worked together to conduct a comprehensive analysis of our products, strengths, market position and market needs,” said My Chung, CEO of Luna Innovations. “We believe that our technologies, our people and our research and development, along with our partnerships in numerous industries, provide us with some very attractive opportunities.”

“Now, following a successful reorganization, we want to provide investors and other stakeholders with a roadmap to the future that emphasizes the compelling value proposition for markets we serve,” Chung added.

One example of a product implementing our strategy is the ODiSI (Optical Distributed Sensor Interrogator), Luna’s new sensing platform. It provides fully distributed strain or temperature measurements and delivers an unprecedented amount of data by using an optical fiber as a continuous sensor over up to 50 meters of surface. Compared to traditional sensing methods, such as strain gages, Luna's technology provides greater insight into the performance, tolerances and failure mechanisms of structures and vehicles. The company believes the technology will provide exceptional value to the fast-growing composites manufacturing market, particularly in aerospace and green energy applications.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs