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we'll know after Oct 8 eom
What are the next steps?
On September 24, Luna Innovations and Hansen Medical developed a settlement term sheet to move
forward to resolve the ongoing dispute which is the basis of the Chapter 11 filing. These settlement terms
will now need to be incorporated into a definitive settlement agreement prior to noon on Thursday,
October 8 (EDT).
true dat... :) eom
This will only calm down once the exact settlement figure is known. Expect more wild swings and then a run to where the company is valued based on the settlement figure. Did a great trade on this yesterday, hoping for the same today, it is wild and not for the meek!
stand corrected... 11 mil o/s and 8 mil floating
trading near 7 mil right now...
something must be brewing if almost the entire float is trading...
looks promising is right... eom
Local Article looks promising:
http://www.roanoke.com/business/wb/220194
nada...
but it must be okay... a lot of buying considering the float is around 11 mil... right now 6 mil traded.
I hear you. Do you have any idea what the settlement was reduced to? Thanks
looking forward to the golden cross
if the trend keeps coming on strong...
Anyone know what was behind the big move on Friday? Thanks.
P/R that accompanied 8K:
Luna Innovations Receives NASDAQ Notification Regarding Bid Price; Grace Period Granted Through March 15, 2010
Luna Innovations Incorporated (NASDAQ:LUNA), a company focusing on sensing & instrumentation and pharmaceutical nanomedicines, today announced that the Company has received a letter from The NASDAQ Stock Market indicating that because the bid price of the Company’s common stock closed below the minimum $1.00 per share threshold set forth in NASDAQ Listing Rule 5550(a)(2) for the prior 30 consecutive business days, the Company has been provided 180 calendar days, or until March 15, 2010, to regain compliance with the minimum bid price requirement. In addition, should the Company satisfy the criteria for initial listing on The NASDAQ Capital Market (except for bid price) as of March 15, 2010, the Company will be entitled to a second 180-calendar day period, through September 13, 2010, to regain compliance with the minimum bid price requirement. The Company will regain compliance with NASDAQ’s minimum bid price requirement if the bid price of its common stock closes at $1.00 or higher for a minimum of ten consecutive business days during the compliance period. This notice does not affect the Company’s listing on NASDAQ at this time.
As previously announced on September 8, 2009, the NASDAQ Listing Qualifications Panel determined to transfer the Company’s listing to The NASDAQ Capital Market and to continue the listing of the Company’s common stock subject to several conditions, including the Company’s emergence from Chapter 11 reorganization by December 31, 2009.
About Luna Innovations:
Luna Innovations Incorporated (www.lunainnovations.com) develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. Our products are used to measure, monitor, protect and improve critical processes in the markets we serve. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions. Luna is headquartered in Roanoke, Virginia.
Luna Technologies Launches New Optical Vector Analyzer
Luna Technologies, an industry-leading developer of advanced solutions for fiber optic test and measurement systems and a division of Luna Innovations Incorporated (NASDAQ: LUNA), today announced its newest product in the Optical Vector Analyzer™ platform, the OVA 5000. This instrument is the fastest, most accurate and economical tool for loss, dispersion and polarization measurements of modern optical networking equipment, all packaged with a user-friendly interface and a small footprint. It is the ideal device for single-measurement, all-parameter analysis of fiber optic components and assemblies up to 150 meters in length. With the new OVA 5000, a full C and L band characterization of all linear optical parameters can be completed in less than three seconds.
Luna’s patented characterization technique uses swept-wavelength interferometry to accurately measure all device characteristics in a single scan of a tunable laser. The OVA is the only instrument measuring the complete linear transfer function of a device under test. With this measurement, the OVA characterizes all linear optical parameters including: Insertion Loss (IL), Polarization Dependent Loss (PDL), Group Delay (GD), Chromatic Dispersion (CD), Polarization Mode Dispersion (PMD), and Second Order PMD. It also measures the Optical Time Domain Response, the complex Jones Matrix Elements and the Optical Phase Response.
“We offer a unique and unprecedented way of characterizing optical components that provides our customers with valuable benefits,” said Luna’s Chief Technology Officer Dr. Mark Froggatt. “Speed is incredibly important, which is where Luna has an edge. The OVA 5000 offers complete, rapid, single-scan measurement of all parameters in real-time which allows our DWDM component manufacturers to save time and money.”
Luna’s OVA 5000 is available within six to eight weeks from order placement. For more information email the Luna sales team at solutions@lunatechnologies.com, or see the Web site at www.lunatechnologies.com for the list of domestic and international contacts. Luna will be demonstrating its optical test and measurement solutions at the European Conference and Exhibition on Optical Communications (ECOC) in booth #309, beginning September 20 in Vienna, Austria.
About Luna Technologies:
Luna Technologies, a division of Luna Innovations Incorporated located in Blacksburg, Virginia, manufactures and markets test and measurement equipment and integrated sensing solutions. Luna Technologies' products are used for test, measurement and sensing in telecommunications, manufacturing, power generation and distribution, down-hole oil and gas, aerospace, and defense applications. Its products award-winning products are sold and distributed throughout North America, Europe, the Middle East and Asia.
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 the benefits and performance of Luna’s OVA. Statements that describe the company’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 difficulties and the failure of Luna’s OVA to perform and risks and uncertainties set forth in the company’s periodic reports and other filings with the Securities and Exchange Commission. Such filings are available at the SEC’s website at http://www.sec.gov, and at the company’s website at http://www.lunainnovations.com. The statements made in this release are based on information available to the company as of the date of this release and Luna Innovations undertakes no obligation to update any of the forward-looking statements after the date of this release.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6052586&lang=en
Agreed - any real volume and it will go over a buck quickly IMO. Tim
WOW is right. The volume is a little light. I think it might make a better long term play than a short term flip. Nice press release this morning too..
Wow huge pop on LUNA - hope you got in after your post. Tim
I have the O/S at 11m Shares. Is that the float? Thats really low. Why the down trend in the last few weeks? The chart looks like ready to pinch.
LUNA finally getting some much deserved volume and price increase last week.
LUNA - very nice numbers, beat estimates. Will be interesting to see what happens today, there is a lot of short interest in this stock.
This is definitely a long term hold. I mostly do short term trading but have a few long term stocks, LUNA my biggest holding.
In today 6.70 Let the fun begin, nice numbers and awaiting the defense contract news and solar deal.
Buying a lot more LUNA today. People will understand soon enough.
LUNA revealed on the last CC that they had received a large contract in October that they thought would come in September, a large contract which the Company was unable to disclose by PR. Now check the position description for Test engineer on the LUNA website and you can see what the contract entailed. I have also talked to people who do business with LUNA which is extremely helpful. What I do know is that the contract was large and sought by much larger companies than LUNA. Below is the Company's description of the product. LUNA's inability to disclose it in a press release is for obvious reasons.
Secure Computing
Software protection is increasingly necessary for uses in commercial systems, digital content distributors, and military systems as attackers continue employing sophisticated techniques to exploit software intellectual property for competitive or hostile ends. Luna Innovations is researching and developing hardware-based anti-tamper technologies to provide protection to software running on general-purpose embedded microprocessors.
Luna’s AMANUET™ anti-tamper platform is a hardware-facilitated secure computing environment for embedded systems with a goal to provide increased software protection while maintaining standard development and computing models. Luna’s solution provides a security framework that explicitly trusts only hardware and offers increased software protection without alteration to the fundamental interaction of software, operating systems and developer tools. Luna’s secure computing platform will protect software from reverse engineering, unauthorized distribution and unauthorized execution, helping safeguard our nation’s defense system.
Keep buying on dips!!!
Yes it does. I have held for many months, accumulating along the way. Listen carefully to the conference call. They mention a deal that they could not disclose detailed info about. It is quite large IMO and they are in hiring process now to accommidate. That is just one simple example of good things going on at LUNA
all IMO
Does Luna = "to the moon!"
Licensing sales up 163% and net revenue up 59% year/year. Looks good for $7-8 in 1-2 months, JDS Uniphase product roll out on the way.
earnings web cast:
http://ir.lunainnovations.com/phoenix.zhtml?c=196907&p=irol-EventDetails&EventId=1605918
First Demonstration of nanoImmunology: a Nanomaterials-based Therapeutic Approach to Treat Allergy
Luna Innovations and Virginia Commonwealth University Study Published in Journal of Immunology
Researchers from Luna Innovations Incorporated (NASDAQ: LUNA) and Virginia Commonwealth University (VCU) are the first to show that carbon nanospheres, sometimes referred to as “buckyballs,” are able to block allergic response in human cell culture experiments and mice. These findings are described in a paper entitled “Fullerene Nanomaterials Inhibit the Allergic Response” published in the July 1 issue of the Journal of Immunology, setting the stage for the development of new potential therapies for allergies using nanomaterials.
Kent Murphy, CEO, Luna Innovations, noted about the immunology discovery and publication, “Luna’s collaborations with universities and strategic partners are key to our business model and we are delighted to be part of this dynamic program to discover a new frontier in medicine. We are actively seeking pharmaceutical partnerships to help us accelerate the development and validation process of these new and exciting compounds."
Allergy is the fifth leading chronic disease in the United States among all ages, and the third most common chronic disease among children under 18 years old, according to the Asthma and Allergy Foundation of America. An estimated 50 million Americans (one in five) suffer from some type of allergy. There are currently various treatments to control allergies, but no known cure. "The immune system both protects us and causes harm, so we are always interested in finding new pathways to help manage the harmful effects,” said Chris Kepley, Ph.D., principal author on the paper and assistant professor in the Department of Internal Medicine, Division of Rheumatology, Allergy and Immunology at the VCU School of Medicine. “This discovery is exciting because it points to the possibility that these novel materials can one day lead to new therapies,” said Kepley.
Buckyballs, or fullerenes, are named after American architect R. Buckminster Fuller renowned for his designs based on geodesic domes. Researchers at Luna Innovations have discovered and demonstrated that therapeutic applications for fullerenes may be much more practical than previously thought or reported.
“Through this joint collaboration with VCU, we demonstrated the ability to modulate the immune response with nanoscale precision,” said Dr. Robert Lenk, President of Luna Innovations’ nanoWorks Division and co-author of the paper. “Our experiments could be the beginning of an entirely new field of medicine we are calling nanoImmunology. We are excited about the potential possibilities in immunotherapeutics and other medical disorders that may be possible with these compounds.”
The new study’s findings are published in Volume 179 / No. 1 / July 1, 2007 issue of the Journal of Immunology. This research was supported in part by grants from the National Institutes of Health and the Food Allergy and Anaphylaxis Network. A copy of the study is available to reporters in PDF format by email request from the American Association of Immunologists at infoji@aai.org.
About Luna Innovations Incorporated:
Luna Innovations Incorporated develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. The company’s products are used to measure, monitor, protect and improve critical processes in the markets it serves. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions. Luna Innovations is headquartered in Roanoke, Virginia. Luna nanoWorks, a division of Luna Innovations, is located in Danville, Virginia. For more, see www.lunainnovations.com.
About VCU and the VCU Medical Center: Virginia Commonwealth University is the largest university in Virginia and ranks among the top 100 universities in the country in sponsored research. Located on two downtown campuses in Richmond, VCU enrolls more than 30,000 students in nearly 200 certificate and degree programs in the arts, sciences and humanities. Sixty-three of the programs are unique in Virginia, many of them crossing the disciplines of VCU’s 15 schools and one college. MCV Hospitals and the health sciences schools of Virginia Commonwealth University compose the VCU Medical Center, one of the nation’s leading academic medical centers. For more, see www.vcu.edu.
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 that recent experiments involving carbon nanospheres could be the beginning of an entirely new field of medicine and statements regarding possibilities in immunotherapeutics and other medical disorders that may be possible with nanomaterial compounds. Actual results may differ materially from the expectations expressed in such forward-looking statements as a result of various factors, including risks and uncertainties set forth in the company’s periodic reports and other filings with the Securities and Exchange Commission. Such filings are available at the SEC’s website at http://www.sec.gov, and at the company’s website at http://www.lunainnovations.com. The statements made in this release are based on information available to the company as of the date of this release and Luna Innovations undertakes no obligation to update any of the forward-looking statements after the date of this release.
Media Contact:
Luna Innovations Incorporated
Karin Clark, 540-769-8400
kclark@lunainnovations.com
or
Investor Contact:
Qorvis Communications
Sally Beerbower, 703-744-7800
ir@lunainnovations.com
Source: Business Wire (June 20, 2007 - 8:04 AM EDT)
News by QuoteMedia
www.quotemedia.com
Huge:
Luna Innovations Signs Multi-Year Development and Supply Agreement with Intuitive Surgical
Luna’s Sensing Technology to be Integrated into Intuitive’s Surgical Products
Luna Innovations Incorporated (NASDAQ:LUNA) announced today that it has entered into an IP licensing, development, and supply agreement with Intuitive Surgical, Inc. (NASDAQ: ISRG), the global technology leader in robotic-assisted minimally invasive surgery (MIS). Under the terms of the multi-year agreement, Luna will develop and supply its fiber optic-based shape sensing and position tracking system for integration into Intuitive Surgical’s products, which includes the da Vinci® Surgical System.
“This agreement with Intuitive Surgical expands our presence within the medical devices market and further demonstrates the strength of our business model focused on the commercialization of our proprietary technologies and intellectual property. Our technology, partnered with the world leader in medical robotics, will help surgeons precisely guide and control surgical tools during robotically assisted procedures,” stated Kent Murphy, Luna’s Chairman and Chief Executive Officer. “It’s truly rewarding to know that Luna’s technology will be assisting in complex minimally invasive surgery helping to ensure the best outcome for patients.”
“We view Luna as the clear technology leader in the area of advanced shape sensing and position tracking systems” said Gary Guthart, Intuitive’s Chief Operating Officer. “We look forward to working closely with Luna on the integration of our two technologies.”
Luna’s shape sensing and position tracking system promises to provide real-time position measurements to help surgeons navigate through the body. The system consists of software, instrumentation and disposable optical sensing fiber. Luna’s technology, originally developed at NASA and recognized as having use in medical applications since early 2005, is unique and designed to provide the user with an accurate, direct and continuous measurement of device location with no adverse effect from line of sight limitations and without introducing electrical signals or radiation into the body.
About Luna Innovations:
Luna Innovations Incorporated develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. Luna’s products are used to measure, monitor, protect, and improve critical processes in the markets they serve. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions. Luna is headquartered in Roanoke, Virginia.
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 (i) whether Luna will successfully develop and supply its fiber optic-based position tracking system for integration into the next generation of Intuitive Surgical’s MIS products, and (ii) whether Luna’s technology will allow surgeons to precisely guide and control surgical tools during robotically assisted procedures. Actual results may differ materially from the expectations expressed in such forward-looking statements as a result of various factors, including (a) the scope and strength of Luna’s intellectual property underlying Luna’s technology that supports the Supply and Development Agreement, (b) Luna’s ability to perform its obligations under the Supply and Development Agreement, (c) the extent to which Intuitive Surgical utilizes Luna’s services under the Supply and Development Agreement, and (d) other underlying risks and uncertainties set forth in the company’s periodic reports and other filings with the Securities and Exchange Commission. Such filings are available at the SEC’s website at http://www.sec.gov, and at the company’s website at http://www.lunainnovations.com. The statements made in this release are based on information available to the company as of the date of this release and Luna Innovations undertakes no obligation to update any of the forward-looking statements after the date of this release.
Luna Innovations Incorporated
Media Contact: Karin Clark, 540-769-8400;
kclark@lunainnovations.com
or
Qorvis Communications
Investor Contact: Sally Beerbower, 703-744-7800
ir@lunainnovations.com
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