History of Luna Innovations Incorporated
Luna was founded in 1990 and has been successful in taking innovative technologies from the applied research stage to product development. Luna has developed more than a dozen products serving various industries including energy, telecommunications, life sciences and defense. Following are three examples of independent businesses that Luna Innovations has created:
Analytics, Inc. – In June 1999, Luna Innovations created Luna Analytics to commercialize analytical instruments that improve the assessment of protein interactions. Luna Analytics' devices are being developed to provide advanced disease diagnostics, treatment and drug discovery.
Luna Energy, LLC – In February 2002, Luna Innovations created Luna Energy to commercialize real-time, state-of-health pipeline monitoring sensors for the oil and gas industry. Luna Energy was acquired in December 2004 by Baker Hughes, a leader in oil field services. Luna continues as a technology partner with Baker Hughes' ProductionQuest Well Monitoring group.
In May 2002, Luna Innovations created Luna i-Monitoring to commercialize a suite of highly integrated wireless sensors called iNodes, for cost-effective remote monitoring and Internet accessibility for the oil and gas marketplace. Luna i-Monitoring was acquired by IHS Energy in October 2003 and is now part of Ferguson Beauregard.
Luna Innovations became a public company on the NASDAQ in June 2006 and moved its headquarters to Roanoke, Virginia. The company has a disciplined commercialization business model designed to accelerate the process of bringing new and innovative products to market. Our two primary business segments are 1) technology development and 2) products and licenses.
