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Luna Innovations acquires Micron Optics to enhance services in aerospace, automotive industries.

Travel Business Review-October 18, 2018-Luna Innovations acquires Micron Optics to enhance services in aerospace, automotive industries

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Fiber optic technology provider Luna Innovations Inc. (NASDAQ: LUNA) has announced the acquisition of Georgia, US-based Micron Optics, Inc., a provider of innovative optical components and laser-based measurement technology for the aerospace and automotive industries, the company said.

The combined product portfolio has the potential to provide customers with better capabilities and broader offerings, as Micron Optics brings products with higher speeds and longer measurement range. The acquisition also positions Luna to better penetrate its existing markets of aerospace and automotive, through access to an expanded product portfolio and broader customer base, including more direct access to customers in Asia through Micron Optics' overseas sales channels.

Micron Optics, Inc. optical sensing and tunable filter products make impossible measurements possible, revealing new, critical information for infrastructure, energy, transportation, medical and industrial sectors. Since 1990, Micron Optics has been expanding its core capabilities from tunable optical components and leading-edge instrumentation and software, to complete optical sensing systems.

Luna Innovations, Inc. is in optical technology, providing unique capabilities in high-performance fiber optic-based test products for the telecommunications industry and distributed fiber optic-based sensing.

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Travel Business Review (TBR)
Date:Oct 18, 2018
Words:212
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