December 19, 2006, Roanoke, VA--Luna Innovations Incorporated has entered into a technology transfer and licensing agreement with Coherent (Santa Clara, CA) giving Luna the right to manufacture and sell the former Iolon "Apollo" line of swept tunable lasers. The Iolon laser is a miniaturized, external-cavity laser offering high performance in a compact footprint.
Such lasers were designed with systems integration in mind and are applicable to a range of fiber optic test and measurement, instrumentation, and sensing applications. The former Iolon laser was also designed for high-volume manufacturing, which is a critical factor in Luna's growth strategy. Under the agreement, Luna acquired manufacturing equipment and inventory previously used by Coherent to manufacture the lasers, as well as non-exclusive licenses to Coherent's patents and other intellectual property rights related to the transferred technology.
Kent Murphy, Luna Innovations' chairman and CEO said, "We entered into this agreement with Coherent to allow us to compete more effectively in Luna's existing fiber optic test and measurement markets by providing our customers with fast, flexible and cost-effective test and measurement products. Acquiring this laser technology also allows us to aggressively pursue business opportunities in new markets such as industrial and medical sensing."
For more information, visit www.lunainnovations.com.