Luna Innovations Shares Pop After New Contract With Medtech Giant Intuitive Surgical

Luna Innovations Inc LUNA announced a new $14.2 million contract with its long-standing partner Intuitive Surgical Inc ISRG.
This new agreement provides for the supply of critical photonic subsystems manufactured by Luna and incorporated into Intuitive's next-generation robotic surgical systems.
Luna's PHOENIX tunable laser and compact line of Optical Polarization Controllers will play a critical role in the further production of hardware modules for Intuitive's advanced surgical systems.
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Laser-based fiber optic sensing systems are now widely deployed across many industries due to the benefits of fiber optics over traditional techniques in terms of precision and scalability.
Advanced robotic surgery increasingly relies on optical-based measurement systems as a core component.
Luna's PHOENIX tunable laser and compact line of Optical Polarization Controllers deliver the high performance needed to maintain maximum precision and reliability required for rapidly growing applications like robotic surgery.
Price Action: LUNA stock is up 2.86% at $4.67, and ISRG shares are down 2.15% at $190.85 on the last check Thursday.