Luna Innovations Incorporated

Luna Innovations Incorporated Overview

Company Headquarters: France

Founded: 1836

Workforce: ~128,000

Company Working: Luna Innovations Incorporated (Luna) specializes in advanced optical technology and provides high-performance measurement, fiber optic test, and control products for the telecommunications and photonics industries. It also offers distributed fiber optic sensing products for industries utilizing composite and other advanced materials, such as automotive, aerospace, energy, and infrastructure. The company is globally developing, manufacturing, and marketing test and management products and fiber optic sensors. Luna operates through two segments: products and licensing, and technology development. The products and licensing segment develops, manufactures, and markets distributed fiber optic sensing products and fiber optic communications test and control products. The technology development segment performs applied research principally in sensing and instrumentation, advanced materials, and health sciences.

Strategy

Luna focuses on research & development to innovate its core competencies, such as nanomaterial manufacturing and fiber optic sensing technologies, and maximize the growth of its core product segments. The company also provides significant resources to recruit, train, and retain its employees. As a part of its market development strategy, the company aims to collaborate with and acquire semiconductor and technology companies to strengthen its product portfolio.

Company Snapshot

$82.7M

Revenue

128,000

Employees

1836

Founded

France

Headquarters

SWOT Analysis

Strengths

With its specialized customer relationship management department, the firm has been able to achieve a high level of customer satisfaction among current customers as well as strong brand equity among future consumers.
Wide regional presence
Strong product portfolio

Weaknesses

Declining per unit revenue for Luna - competitiveness in the Scientific & Technical Instr. industry is putting downward pressure on the profitability

Opportunities

The US economy is improving faster than any other developed nation, Luna will be able to grow into the US market.

Threats

Intense market competition
Luna's distrust of institutions and the growing danger of legal action

Key Developments

Date	Approach	Development
March 2023	Contract	Luna Innovations, a global pioneer in advanced optical technology, was recently granted a contract for power line monitoring for an innovative power production project in the Northeast United States that would offer sustainable energy to a large metropolitan region.
December 2022	Contract	Luna Innovations, a global leader in advanced fibre optic-based technology, was recently awarded a contract with PT Freeport Indonesia, an affiliate of Freeport-McMoRan and one of the world's leading gold and copper mining companies, to provide an early-warning monitoring system for the West and East levees between the Otomona and Aikwa rivers in West Papua, Indonesia.
December 2020	Acquired	OptaSense Holdings, Ltd. ("OptaSense"), a QinetiQ subsidiary, was bought for 29 million British Pounds in cash by Luna Innovations Incorporated, a global leader in advanced optical technology. OptaSense is a world leader in fibre optic distributed monitoring solutions for pipelines, oilfield services, security, highway and railway monitoring, and power and utility monitoring systems. The combined firm will be the world's largest fibre optic sensor company.

Product Offering

Luna Innovations Incorporated
- Distributed Fiber Optic Sensor

Financial Performance

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