Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Luna Awarded $3.9M for Nanotechnology Applications for Defense

Abstract:
Diagnostics, Therapeutics and Organic Solar Cell Research Contract with the Air Force Research Laboratory

Luna Awarded $3.9M for Nanotechnology Applications for Defense

ROANOKE, VA | Posted on June 19th, 2008

Luna Innovations Incorporated (NASDAQ:LUNA) has been awarded a $3.9 million subcontract, from General Dynamics Information Technology in support of the Air Force Research Laboratory (AFRL) to continue work improving the performance of nanomaterials for military applications. In this program, Luna's product development team will evaluate prototypes using their exclusive nanomaterials applied to real-world conditions. Demonstrations of the commercial viability of proposed nanotechnologies will include diagnostics and therapeutics for military medicine and alternative energy solutions using organic solar cells.

"By manipulating the properties of our proprietary nanomaterials, we can tune the materials to fit desired applications," said Charles Gause, Vice President of Corporate Development at Luna Innovations. "To date, we have produced 27 different species of our Trimetasphere molecule and to maximize the potential of this carbon nanomaterial technology, proof-of-concept via application-specific testing and prototyping is necessary."

Prior and ongoing funded research has demonstrated that the use of Luna's exclusive carbon nanomaterials could dramatically enhance magnetic resonance imaging (MRI) while reducing the potential toxic side effects prevalent with existing chelate-based contrasts agent. "This program will continue to build on our past progress in medical imaging," said Gause. "We also hope to further advance our carbon nanomaterials for military medical applications and investigate new areas such as the promotion of wound healing."

Through this program Luna also plans to further demonstrate the enhancement of organic solar cells as a potential alternative energy solution. Increasing efficiencies of light conversion to electrical energy of organic solar cells is required to make them commercially viable. The company has made advances on a key parameter, known as "open circuit voltage", or Voc, that is essential for improving organic solar cell efficiency. "Luna has already increased Voc by 35% over the standard reference devices," added Gause. "In this final phase of the program we will continue working towards the achievement of even higher efficiencies in order to make organic solar cells commercially viable."

"This program is vital to Luna's growth in the area of nanomaterial commercialization," stated Kent Murphy, Luna Chairman and CEO, "We will focus on delivering for our defense customer and keep an eye on driving the opportunity for further product development in the private sector."
ShareThis

####

About Luna Innovations Incorporated
Luna Innovations Incorporated 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.

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, but not limited to: the development of nanotechnologies into marketable pharmaceutical, medical, or other products and Luna's ability to pursue business opportunities in new markets. 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 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 www.sec.gov, and at the company's website at 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.

For more information, please click here

Contacts:
Media Contact:
Karin Clark
Luna Innovations Incorporated

Phone: 1-540-769-8400
or
Investor Contact:
Sally Beerbower
Qorvis Communications

Phone: 1-703-744-7800

Copyright © Luna Innovations Incorporated

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

News and information

Animal study shows flexible, dissolvable silicon device promising for brain monitoring: Other applications include post-operative observation for vascular, cardiac, and orthopaedic procedures, finds Penn study May 5th, 2016

Speedy ion conduction in solid electrolytes clears road for advanced energy devices May 5th, 2016

Engineers create a better way to boil water -- with industrial, electronics applications May 5th, 2016

Clues on the path to a new lithium battery technology: Charging produces highly reactive singlet oxygen in lithium air batteries May 5th, 2016

Announcements

Speedy ion conduction in solid electrolytes clears road for advanced energy devices May 5th, 2016

Engineers create a better way to boil water -- with industrial, electronics applications May 5th, 2016

Clues on the path to a new lithium battery technology: Charging produces highly reactive singlet oxygen in lithium air batteries May 5th, 2016

Unique nano-capsules promise the targeted drug delivery: Russian scientists created unique nano-capsules for the targeted drug delivery May 5th, 2016

Military

New tool allows scientists to visualize 'nanoscale' processes May 4th, 2016

Making invisible physics visible: The Jayich Lab has created a new sensor technology that captures nanoscale images with high spatial resolution and sensitivity May 2nd, 2016

Nanograft seeded with 3 cell types promotes blood vessel formation to speed wound healing April 27th, 2016

The light stuff: A brand-new way to produce electron spin currents - Colorado State University physicists are the first to demonstrate using non-polarized light to produce a spin voltage in a metal April 26th, 2016

Energy

Speedy ion conduction in solid electrolytes clears road for advanced energy devices May 5th, 2016

Engineers create a better way to boil water -- with industrial, electronics applications May 5th, 2016

Nanoparticles present sustainable way to grow food crops May 1st, 2016

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

Grants/Awards/Scholarships/Gifts/Contests/Honors/Records

Animal study shows flexible, dissolvable silicon device promising for brain monitoring: Other applications include post-operative observation for vascular, cardiac, and orthopaedic procedures, finds Penn study May 5th, 2016

Molybdenum disulfide holds promise for light absorption: Rice researchers probe light-capturing properties of atomically thin MoS2 May 5th, 2016

A compact, efficient single photon source that operates at ambient temperatures on a chip: Highly directional single photon source concept is expected to lead to a significant progress in producing compact, cheap, and efficient sources of quantum information bits for future appls May 3rd, 2016

An Experiment Seeks to Make Quantum Physics Visible to the Naked Eye May 3rd, 2016

Solar/Photovoltaic

A View Through Wood Shows Futuristic Applications: Transparent wood made at UMD could create new windows, cars and solar panels May 5th, 2016

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

Flipping a chemical switch helps perovskite solar cells beat the heat April 26th, 2016

Manipulating light inside opaque layers April 24th, 2016

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







Car Brands
Buy website traffic