LUNA merged with Advanced Photonix, Inc.
On May 8, 2015 the merger between Luna and Advanced Photonix, Inc. was completed. Joining forces, the combined company has a strengthened position in optical technology and looks to leverage both companies’ capabilities to grow shareholder value.
API business overview
- API is a leading supplier of optoelectronic sensors, devices, and instrumentation
- High-Speed Optical Receiver products from Picometrix
- Terahertz sensing systems from Picometrix
- Optoelectronic solutions from Advanced Photonix
- API serves the Telecommunications, Defense, Medical, and Industrial markets
- Capabilities include Optical Communication, Industrial Process Control, Quality Control, Test & Measurement
Advantages of Merger
- We’re stronger financially
- More than doubles our revenue base
- Shared infrastructure
- Significant cost savings by combining two public companies into one
- Fundamentally better positioned for improved profitability
- Creates a company that will build from a strong foundation of products
- Luna’s core Test & Measurement products
- API’s High Speed Optical Receivers
- API’s Optosolutions products
- Solid revenue base will enable investment in growth
- Luna’s strain & temperature sensing business
- API’s Terahertz sensing systems
- Combined entity leverages synergies
- Shared industries/broadened market base
- Core technical competencies
- Over 200 patents and patent applications
- We will continue to develop a pipeline of technologies for future commercialization
Related Press Releases:
Investor Contact:
Dale Messick, CFO
Luna Innovations Incorporated
Phone:1.540.769.8400
Email:Â IR@lunainc.com
