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Luna Announces Fiber-to-the-Home Supply Agreement

Luna Announces Fiber-to-the-Home Supply Agreement
---Picometrix Division signs multi-year agreement with leading PON network equipment supplier
 
ROANOKE, VA, February 22, 2016 -- Luna Innovations Incorporated (NASDAQ: LUNA), today announced that its Picometrix division has entered into a 2-year supply agreement for its 2.5G avalanche photodiode (APD) with a leading OEM supplier of network equipment for the fiber-to-the-home (FTTH) market. The company currently estimates revenue of approximately $4 million during the life of the agreement with shipments beginning in the second quarter of 2016 and $2.4 million of revenue committed in the first year of the agreement.