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Luna Innovations Inc announces sale of shape-sensing technology for medical applications to Intuitive Surgical, Inc


Wednesday, 22 Jan 2014 09:00am EST 

Luna Innovations Inc:Says the sale of its shape-sensing technology for medical applications to Intuitive Surgical, Inc.Says terms of the deal include Luna receiving $12 million upfront in two tranches and up to an additional $18 million upon certain technical milestones and commercial measures.Says Intuitive will acquire Luna's fiber optic shape-sensing and localization technology, including related patents, and hire a number of engineering employees formerly utilized in Luna's medical shape-sensing business. 

Company Quote

531.96
8.45 +1.61%
19 Dec 2014