INSERTING and REPLACING Luna’s ODiSI Featured as a Finalist in the ACMA Awards for Composite Excellence
November 08 2016 - 9:55AM
Business Wire
UT Knoxville’s Smart Adhesive Joint for
Composites and Metals gains finalist honors from the American
Composites Manufacturers Association with help from Luna’s Fiber
Optic Sensing technology
Insert in second sentence of first paragraph of release issued
November 7, 2016: Luna Innovations Incorporated (NASDAQ: LUNA)
The corrected release reads:
LUNA’S ODISI FEATURED AS A FINALIST IN THE
ACMA AWARDS FOR COMPOSITE EXCELLENCE
UT Knoxville’s Smart Adhesive Joint for
Composites and Metals gains finalist honors from the American
Composites Manufacturers Association with help from Luna’s Fiber
Optic Sensing technology
At the 2016 CAMX – The Composites and Advanced Materials Expo,
the composite materials industry’s premier trade event, the
American Composites Manufacturers Association (ACMA) announced
finalists for the Awards for Composite Excellence (ACE). Amongst
the finalists in the Manufacturing Category for the Equipment and
Tooling Innovation Award was the University of Tennessee, Knoxville
for their Smart Adhesive Joint for Composites and Metals, which
features Luna Innovations Incorporated (NASDAQ: LUNA) ODiSI product
(Optical Distributed Sensing) as a key enabling technology.
Luna’s ODiSI technology uses a lightweight, flexible,
inexpensive, easy-to-install, distributed optical fiber sensor to
provide critical stress, strain and temperature information to
designers and manufacturers working with advanced materials. The
ability to embed ODiSI’s fiber sensor within a composite material
enables the development of “smart” composite structures. The demand
for composite and other lightweight materials is growing rapidly,
driven by “lightweighting” requirements within the aerospace and
automotive industries and the associated requirements for lighter,
more fuel-efficient vehicles. The market for such materials today
exceeds $150 billion.
Bonding and gluing similar and dissimilar materials to form
strong “joints” is one of the key technological challenges within
this space. The “smart joint” innovation was recently developed by
Dr. Dayakar Penumadu, Fred N. Peebles Professor and Joint Institute
for Advanced Materials (JIAM) Chair of Excellence in the Tickle
College of Engineering at the University of Tennessee. This
innovation uses ODiSI technology to determine the quality of an
adhesive joint between carbon/glass composites and/or metals and a
patent application for this technology has been submitted by the
University of Tennessee Research Foundation. Luna’s advanced fiber
optic sensing technology is integrated into a bonded smart joint
during the curing stage or after preparation of the joint. The
integrated fiber optic strand (embedded in the bond) is connected
back to an ODiSI instrument which analyzes the strains/stresses in
the bonded joint. These stresses can be related to the quality of
the bond. ODiSI can measure stress/strain with ultra-high spatial
resolution (millimeters) using cost-effective fiber sensors. The
result is a scalable approach to a bonded joint that can report on
its own integrity from within.
“Smart joint can be used for optimizing, monitoring, and
preventing failures between joints of similar and dissimilar
materials for the aerospace, wind, infrastructure, and automotive
sectors. Adhesively bonded joints that are suitably surface treated
show a lot of promise for maintaining stealth and avoiding holes
for mechanical fasteners, and this technology will be revolutionary
for such applications,” said Professor Penumadu.
“We are pleased that ODiSI played a critical role in the
development of the smart joint composites and that our colleagues
from the University of Tennessee were nominated for a prestigious
award for their work in this area,” commented My Chung, president
and CEO of Luna Innovations. “Our ODiSI line of fiber sensing
products is rapidly gaining traction across multiple industries and
applications, and we view the development of ‘smart’ structures as
one of the most promising. This innovation will enhance the safety
and quality of next generation structures designed with advanced
materials.”
About ACE
For more than 20 years, the Awards for Composites Excellence
(ACE) have recognized the superior product and process achievements
that are the forefront of innovation to the industry. This annual
competition and product showcase hosted by the American Composites
Manufacturers Association (ACMA) recognizes superiority in
engineering and design as well as improvements and innovation in
equipment and manufacturing. The products, equipment and processes
that receive this distinguished recognition have significant impact
within the market as well as a proven understanding of
composites.
About Luna:
Luna Innovations Incorporated (www.lunainc.com) is a leader in
optical technology, providing unique capabilities in high speed
optoelectronics and high performance fiber optic test products for
the telecommunications industry and distributed fiber optic sensing
for the aerospace and automotive industries. Luna is organized into
two business segments which work closely together to turn ideas
into products: a Technology Development segment and a Products and
Licensing segment. Luna’s business model is designed to accelerate
the process of bringing new and innovative technologies to
market.
Forward-Looking Statements:
The statements in this release that are not historical facts
constitute “forward-looking statements” made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995 that involve risks and uncertainties. These statements include
the company's expectations regarding the characteristics of its
products and technologies, including their potential uses and
capabilities and market impact and acceptance, the capabilities and
potential opportunities for other related technologies, the
composite market and factors affecting growth of the market, and
potential demand for the company’s ODiSI technology. Management
cautions the reader that these forward-looking statements are only
predictions and are subject to a number of both known and unknown
risks and uncertainties, and actual results may differ materially
from those expressed or implied by these forward-looking statements
as a result of a number of factors. These factors include, without
limitation, failure of demand or market acceptance for the
company’s products and services to meet expectations, technological
challenges for the company's products and technologies and other
related technologies, other challenges that may face the composite
market, and those risks and uncertainties set forth in the
company’s periodic reports and other filings with the Securities
and Exchange Commission ("SEC"). Such filings are available on the
SEC’s website at www.sec.gov and on the company’s website at
www.lunainc.com. The statements made in this release are based on
information available to the company as of the date of this release
and Luna undertakes no obligation to update any of the
forward-looking statements after the date of this release.
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version on businesswire.com: http://www.businesswire.com/news/home/20161107006605/en/
Investor Contact:Luna Innovations IncorporatedDale
Messick, CFO1-540-769-8400IR@lunainc.com
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