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Luna Innovations announces multi-year agreement with Intuitive Surgical

Luna Innovations (LUNA) announced a multi-year agreement that amends its development and supply agreement with Intuitive Surgical (ISRG). The agreement provides for the achievement of various development milestones through 2015. The new agreement builds on previous work between the companies to integrate Luna’s high-speed shape-sensing technology into Intuitive’s platform for robotically-assisted minimally invasive surgery. The agreement covers the work planned over a multi-year period so that the component representing Luna’s technology is ready to be brought to market. Under the existing development and supply agreement, Luna is the exclusive supplier to Intuitive of these components.