Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Luna Innovations Awarded $4 Million in Air Force Nanotechnology Contracts

Abstract:
Luna Innovations Incorporated (NASDAQ: LUNA) has been awarded $4.0 million in U.S. Air Force contracts for continued research and development of nanotechnology-enabled products, including a $2.3 million subcontract from General Dynamics Information Technology, Inc. (GDIT), formerly Anteon Corporation, and a $1.7 million contract from the U.S. Air Force Office of Scientific Research (AFOSR). The GDIT contract builds upon $3.3 million of nanotechnology research funding previously provided to Luna Innovations by GDIT. Both contracts, previously announced during the Company's third quarter 2006 earnings call on November 6, 2006, will be performed over the next several years.

Luna Innovations Awarded $4 Million in Air Force Nanotechnology Contracts

ROANOKE, VA | Posted on January 22nd, 2007

Brian Holloway, Director of the nanoWorks Group within Luna's Technology Development Division commented, "We believe that nanomaterials are some of the most promising and exciting technologies in development today. This is a tremendous opportunity to apply the research and development of new technologies to solve real-world problems. In addition, these contracts represent a significant step forward in our growth strategy to expand our portfolio of non Small Business Innovative Research contracts."

Under the GDIT subcontract, Luna Innovations will support GDIT's goal of improving the manufacturing capability and capacity necessary to provide nanomaterials in sufficient quantity, and at a sufficiently low cost, to be feasible for use in real-world systems. A pilot plant, expected to be completed during this program, is intended to enable accelerated application of advanced nanostructured material systems.

Under the AFOSR contract, Luna Innovations will work through the Nanophotonic Component Program (NCP) to support Department of Defense needs regarding future air combat systems and ground support optoelectronics. The objective of the NCP is to use nanotechnology to develop new components such as next-generation solar cells and lighter-weight electromagnetic interference (EMI) resistant composites.

One of Luna's primary areas of focus is research and development of products enhanced by nanomaterials. In 2004, Luna opened a state-of-the-art 24,000 square foot manufacturing, research and development facility in Danville, Virginia, to produce, modify, characterize and purify nanomaterials for applications such as magnetic resonance imaging (MRI) contrast agents, electromagnetic interference coatings and next-generation solar cells.

####

About Luna Innovations Incorporated
Luna Innovations researches, develops and commercializes innovative technologies in molecular technology and sensing solutions. Luna accelerates the process of bringing new and innovative products to market by focusing on technologies that can fulfill identified market needs and then takes these technologies from the applied research stage through commercialization. Since its inception, Luna Innovations has successfully developed products for the energy, telecommunications, life sciences and defense industries. Headquartered in Roanoke, Virginia, the company has research, development and manufacturing facilities in Blacksburg, Charlottesville, Hampton, and Danville, Virginia and a sales office in McLean, Virginia. Additional information can be found at
http://www.lunainnovations.com .

FORWARD LOOKING STATEMENTS

This press 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 but not limited to the following statements: Luna will support GDIT’s goal of improving the manufacturing capability and capacity necessary to provide nanomaterials in sufficient quantity, and at a sufficiently low cost, to be feasible for use in real-world systems; a pilot plant expected to be completed in the GDIT program will enable accelerated application of advanced nanostructured material systems; and Luna will support Department of Defense needs regarding future air combat systems and ground support optoelectronics. Statements that describe the Company’s business strategy, goals, objectives, prospects, opportunities, plans or intentions are also forward-looking statements. Actual events or results may differ materially from the expectations expressed in such forward-looking statements as a result of various factors, including risks and uncertainties, many of which are beyond the Company’s control. Factors that may affect the future results of Luna Innovations are set forth in its Registration Statement on Form S-1, its quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”), which are available at the SEC’s website at http://www.sec.gov , and at Luna Innovations’ website at http://www.lunainnovations.com . The statements made in this press 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 herein after the date of this press release.

For more information, please click here

Contacts:
Media Contact:
Luna Innovations Incorporated
Karin Clark, 1-540-769-8400
Email:
or
Investor Contact:
Qorvis Communications
Sally Beerbower, 1-703-744-7800
Email:

Copyright © Business Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Characterizing inkjet inks: Malvern Instruments presents new rheological research April 23rd, 2014

NanoSafe, Inc. announces the addition of the Labconco Protector® Glove Box to its NanoSafe Tested™ registry April 23rd, 2014

Study finds long-term survival of human neural stem cells transplanted into primate brain April 23rd, 2014

High-Performance, Low-Cost Ultracapacitors Built with Graphene and Carbon Nanotubes: Future devices based on technology could bridge gap between batteries and conventional capacitors in portable electronics and hybrid electric vehicles April 23rd, 2014

Military

Cloaked DNA nanodevices survive pilot mission: Successful foray opens door to virus-like DNA nanodevices that could diagnose diseased tissues and manufacture drugs to treat them April 22nd, 2014

'Exotic' material is like a switch when super thin April 18th, 2014

Tiny particles could help verify goods: Chemical engineers hope smartphone-readable microparticles could crack down on counterfeiting April 15th, 2014

Targeting cancer with a triple threat: MIT chemists design nanoparticles that can deliver three cancer drugs at a time April 15th, 2014

Energy

Atomic switcheroo explains origins of thin-film solar cell mystery April 23rd, 2014

Like a hall of mirrors, nanostructures trap photons inside ultrathin solar cells April 22nd, 2014

Global leader in solar cell manufacturing eyes New York for major expansion outside of Japan: CNSE and Solar Frontier Explore $700 Million Investment, Job Creation in New York State April 22nd, 2014

Nanoreporters tell 'sour' oil from 'sweet': Rice University's hydrogen sulfide nanoreporters gather intel on oil before pumping April 22nd, 2014

Human Interest/Art

Harry Potter-style invisibility cloaks: A real possibility next Christmas? Forget socks and shaving foam, the big kids of tomorrow want an invisible cloak for Christmas December 19th, 2013

Chicago Awareness Organization First Not-for-Profit to Sponsor Dog Training to Detect Ovarian Cancer Odorants December 12th, 2013

ZEISS Microscopes used to create images for Art Exhibit at Midway Airport: Art of Science: Images from the Institute for Genomic Biology October 25th, 2013

New potential for touch screens found at your fingertips September 17th, 2013

NanoNews-Digest
The latest news from around the world, FREE







  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE