- Fiber-optics company Luna Innovations ( NASDAQ: LUNA ) on Thursday said it had entered into a $14.2M contract with its partner Intuitive Surgical ( NASDAQ: ISRG ) for the supply of photonic subsystems to be used in the medical device maker's robotic surgical systems.
- LUNA said its PHOENIX tunable laser and line of Optical Polarization Controllers would be used to enable further production of hardware modules for ISRG's Ion robotic surgical system.
- "This is a great example of how many of our products are finding a foothold in large and growing market applications such as surgical robotics, and it speaks directly to our growth potential," LUNA CEO Scott Graeff said in a statement .
- LUNA stock -0.9% to $4.50 in early trading, while shares of ISRG -2.1% to $191.05.
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Luna signs $14.2M contract with Intuitive Surgical for supply of photonic subsystems