Luna Innovations advancing cybersecurity solutions
Company’s role as prime contractor for DARPA programs helps to keep weapons systems trusted, safe and mission ready
ROANOKE, Va., Apr 17, 2012 –Luna Innovations Incorporated (NASDAQ: LUNA), a leading player in integrated circuits security, is the prime contractor for two programs that help to keep weapons systems trusted, safe and mission-ready.
Over the past seven years Luna has won more than $20 million in contracts related to the Defense Advanced Research Projects Agency’s (DARPA) TRUST in Integrated Circuits program, which aims to ensure the trust of integrated circuits used in military systems that are designed and fabricated under untrustworthy conditions.
Luna also is leading an effort on DARPA’s follow-on to TRUST called the Integrity and Reliability of Integrated CircuitS (IRIS) program, which seeks technologies to determine functionality and reliability of complex integrated circuits for military applications.
Luna received a three-year, $12 million contract for IRIS in September 2011.
“While we began our initial work with DARPA in 2005, it has grown into a key component of our new corporate strategy, which includes being the leading choice for integrated circuits security for weapons systems,” said My Chung, CEO of Luna Innovations. “Now, with our success in the TRUST program, we are positioned to start deploying technology that will aid in our nation’s defense.”
The company’s participation in IRIS helps to address a growing security problem, explains Barry Polakowski, vice president of secure computing and communications for Luna. “Integrated circuits are now embedded in every aspect of modern machinery, and are widely used in sophisticated military equipment. The majority of such integrated circuits are made offshore – which presents a potential risk that the parts acquired abroad will not operate only in the specified manner. Luna is proud to participate in a comprehensive program to certify that integrated circuits used in U.S. weapons systems do not contain malicious functions.”
Said Chung: “TRUST and IRIS are cornerstones to integrated circuits technology, and we are pleased to play a key role in helping DARPA achieve its strategic objectives to maintain our military’s technological superiority.”
About Luna Innovations
Luna Innovations Incorporated (www.lunainnovations.com) focuses on sensing and instrumentation. Luna develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. The company’s products are used to measure, monitor, protect and improve critical processes in the markets it serves. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions.
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: product capabilities, market acceptance, technological attributes, advantages and applications, and customer use. 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 technological challenges in specific applications and 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 http://www.sec.gov, and at the company’s website at http://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.
Luna Innovations Incorporated
Dale Messick, 1-540-769-8400