Luna Innovations Announces Another Breakthrough in Measurement Capability for Fiber Optics

The new Luna 6415 will deliver comprehensive, high-speed testing
needed for design and manufacturing test of modern optical components

ROANOKE, Va.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/analyzer?src=hash” target=”_blank”gt;#analyzerlt;/agt;–Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in
advanced fiber optic-based technology, has launched the 6415 Lightwave
Component Analyzer (6415). The 6415 is the first offering in the
company’s next generation of high-performance, high-resolution analyzer
products.

The 6415 provides an advanced and cost-effect solution to support
measurements for the development and manufacturing of modern high-speed
optical components and networks. The product enables the
next-generation, high-speed networks from the data center to 5G mobile,
both of which require an ultrafast, economical optical network.

“Today’s extreme expansion in communications bandwidth and capacity
depends on rapid advancements in fiber optic component and network
technology. A high-speed, economical and scalable optical network is the
backbone of our communications infrastructure and forms the basis for
everything from cloud computing to ultra-fast 5G mobile networking,”
Scott Graeff, President and CEO of Luna Innovations, said. “The 6415
gives our customers the power to develop, test and manufacture the next
generation optical network components that fuel this global demand for
bandwidth.”

As component technology moves more aggressively towards higher speeds
with higher levels of integration using semiconductor technology like
silicon photonics, minimizing the cost of design cycles and increasing
manufacturing throughput become critical. The 6415 helps reduce the
design cycle and increase manufacturing throughput. With an
unprecedented combination of measurement speed, accuracy, functionality
and ease of integration, the 6415 was designed with integrated photonic
components production in mind.

With an integrated tunable laser, the 6415 provides fast and accurate
information at a fraction of the cost of multi-unit test systems. This
high-resolution product delivers comprehensive and high-speed results
needed for testing modern passive optical components and provides a
versatile tool for manufacturing test and quality control. More
information on the Luna 6415 can be found here: https://lunainc.com/product/luna-6415/

About Luna

Luna Innovations, Incorporated (www.lunainc.com)
is a leader in optical technology, providing unique capabilities in
high-performance, fiber optic-based, test products for the
telecommunications industry and distributed fiber optic-based 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 Luna’s expectations
regarding technological advancements, technological capabilities and
needs, cost effectiveness of products and technological solutions,
market demand and product capabilities and advantages. 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, changes in market needs and technological challenges
and other risks and uncertainties set forth in Luna’s periodic reports
and other filings with the Securities and Exchange Commission (“SEC”).
Such filings are available on the SEC’s website at www.sec.gov
and on Luna’s website at www.lunainc.com.
The statements made in this release are based on information available
to Luna 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.

Contacts

Investor Contacts:
Jane Bomba
Luna Innovations
Incorporated
Phone: 303-829-1211
Email: IR@lunainc.com

Sally J. Curley
Luna Innovations Incorporated
614-530-3002
IR@lunainc.com

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