SEPTEMBER 27, 2006 -- Luna Technologies (search for Luna), a division of Luna Innovations Inc. specializing in fiber-optic test and measurement, has announced a joint development agreement with JDSU (search for JDSU) that enables both companies to take advantage of new growth opportunities in the area of fiber-optics test and measurement.
Under the agreement, Luna Technologies will work with JDSU on the development of new products aimed at field-deployable platforms for installation and maintenance testing of modern fiber-optic networks. The agreement also outlines a joint marketing and distribution arrangement between the two companies for the products introduced as a result of their joint development.
"We are very excited about this joint development venture as it will allow us to leverage our strength in developing cutting-edge technologies in market segments that we might not otherwise address," said Brian Soller, business unit director of the Luna Technologies Division of Luna Innovations. "The modern fiber-optic network is very much alive and well."
"Aside from recent growth in more traditional applications in tele- and data-communications, fiber is moving closer to the end-user in a number of new arenas including fiber-to-the-home, avionics and aerospace applications, and computing and data storage," said Enzo DiLuigi, general manager of JDSU's fiber-optics test and measurement group. "This agreement will allow both companies to take advantage of what each does best and we are excited about the opportunities it will provide for leading-edge product development."
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