Luna Innovations Incorporated (LUNA) - NASDAQ
  • Feb. 2, 2015, 10:24 AM
    • Optoelectronic sensor and test/measurement hardware vendor Advanced Photonix (API +34.5%) is merging with fiber optic sensing and test/measurement equipment firm Luna Innovations (LUNA +0.5%) in an all-stock deal.
    • API shareholders will receive 0.32 Luna shares for each API share they own. Between them, the companies possess 200+ patents and patent applications, and had revenue of $49.9M for the 12 months ending Sep. 30.
    • The combined company will keep Luna's name, and be headquartered in Roanoke, VA. Luna chief My E. Chung will be its CEO.
    | Feb. 2, 2015, 10:24 AM
Company Description
Luna Innovations, Inc. develops and manufactures fiber optic test and measurement, sensing and instrumentation products for the healthcare, telecommunications, energy and defense markets. The company operates through two segments: Products and Licensing, and Technology Development. The Products... More
Sector: Services
Industry: Research Services
Country: United States