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Luna Innovations Acquires OptaSense

组合将LUNA转换为全球光纤领导者;创建一个分布式光纤传感强者

  • 收购结合了光纤传感解决方案中的两个全球领导者
  • OptaSense’s market-leading position in distributed acoustic sensing (DAS) combined with Luna’s suite of sensing products forms the industry’s most comprehensive portfolio
  • OptaSense’s diverse, blue-chip customer base aligns well with Luna’s; presents a significant opportunity for expansion of offerings into both customer groups
  • Transformative acquisition allows Luna to cost-effectively establish a strong international presence and adds to its 我们。leadership position
  • OptaSense allows for expansion into high-growth markets such as security and perimeter detection, smart infrastructure monitoring and oil and gas; expected to accelerate Luna’s data services and IOT strategy
  • 收购预计将在2021年累积

罗阿诺克,va。- (商业资讯) - DEC。3,2020--

Luna Innovations Inclated.(NASDAQ: LUNA), a global leader in advanced optical technology, today announced it has acquired OptaSense Holdings, Ltd.(“OptaSense”), a QinetiQ company (LON: QQ), for 29 million British Poundsin cash. OptaSense is a recognized market leader in fiber optic distributed monitoring solutions for pipelines, oilfield services, security, highways and railways, as well as power and utilities monitoring systems. The combination is expected to create the world’s largest fiber optic sensing company.

“收购OptaSense在Luna历史中标志着一个非常重要的里程碑,并将进一步支持我们的增长轨迹,” Scott Graeff总裁兼首席执行官Luna。”With the combination of Luna and OptaSense, we are bringing together businesses with strong adjacencies and a large, combined opportunity. This transaction allows Luna to acquire a leader in fiber optic sensing solutions and distributed acoustic sensing systems of a global size and scale that will truly be transformative to our company. In addition, OptaSense’s success has been driven by a world class, industry-leading technology base and a very talented team of employees. We are very excited about welcoming them to the Luna team.”

The acquisition provides Luna with important distributed acoustic sensing (DAS) intellectual property and products, which strongly complement Luna’s existing portfolio, and provides algorithm-development expertise, critical for AI and machine learning. OptaSense’s research and development talent and highly skilled salesforce, combined with more than 150 active and pending patents, will also enhance Luna’s existing experienced team and broaden its intellectual property portfolio.

史蒂夫瓦莱蒂那QinetiQ Chief Executive Officer, said “We are delighted to announce the sale of OptaSense to Luna, who will provide greater synergies and relevant market access to enable and accelerate their future growth.”

OptaSense will become a fully owned subsidiary of Luna Innovations Inclated.那while continuing to operate under its existing brand for the foreseeable future, and OptaSense employees will remain within the company, with offices in the United Kingdom 迪拜 美国and Canada

B.莱利证券served as financial advisor and Cooley LLP担任Luna的法律顾问。

Compelling Strategic Benefits

LUNA期望这一变革采集将:

  • Provide Luna with important Distributed Acoustic Sensing (“DAS”) intellectual property, products and expertise. DAS strongly complements Luna’s existing offerings, and provides algorithm development expertise, critical for AI and machine learning.
  • Bring a diverse, blue-chip customer base with limited crossover with Luna’s customer base. This represents a significant opportunity for expansion into both customer groups.
  • 通过其研发专业知识和高技能的Salesforce加强Luna现有销售团队和广泛的知识产权组合,结合了150多项积极和待定。
  • 允许LUNA在国际客户群和销售能力上建立了国际上的强劲运营存在。
  • Rapidly generate expansion opportunities into high-growth markets such as security and perimeter detection, smart infrastructure monitoring and oil and gas,
  • 实现效率并利用OptaSense和Luna的结合,以增长迅速的Luna运营,客户群,产品和财务简介。

交易条款和融资

LUNA可以获得2900万英镑的光学,这需要大约需要 4000万美元in cash. The transaction was funded using roughly $20 millionLuna现有现金和 $20 millionin debt (the source for which is discussed in a separate press release issued this morning).

2020全年前景

LUNA旨在重申其全年2020年指导意见:

  • Total revenues of $81M $ 83m
  • Adjusted EBITDA of $10M $12M

该公司预计将提供额外的前景以及第四季度和年底2020年盈利呼吁的额外质量细节,将于明年初公布的日期。

Non-GAAP Financial Measures

In evaluating the operating performance of its business, Luna’s management considers Adjusted EBITDA, which excludes certain charges and credits that are required by GAAP. Adjusted EBITDA provide[s] useful information to both management and investors by excluding the effect of certain non-cash expenses and items that Luna believes may not be indicative of its operating performance, because either they are unusual and Luna does not expect them to recur in the ordinary course of its business, or they are unrelated to the ongoing operation of the business in the ordinary course. Adjusted EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

电话会议信息

Luna将开展投资者会议电话 9:00 a.m. ET今天讨论交易。投资者电话会议将通过Luna网站上的Live Webcast获得www.www.lmz-yz.com.根据标签“投资者关系”。要通过电话参加,国内拨入号码为844.578.9643,国际拨入号码为270.823.1522。参与者访问代码是4458877.建议投资者在呼叫登记前至少五分钟拨打。在电话会议后30天,网络广播将在公司网站上存档在“网络广播和演示文稿”下。

About Luna

Luna Innovations Inclated.www.www.lmz-yz.com.) is a leader in optical technology, providing unique capabilities in high-performance, fiber optic-based, test products for the telecommunications industry and distributed fiber optic-based sensing for the aerospace and automotive industries. Luna is organized into two business segments, which work closely together to turn ideas into products: a Lightwave segment and a Luna Labs分割。Luna的商业模式旨在加速将新的创新技术推向市场的过程。

About QinetiQ

Qinetiq是一家主要在国防,安全和关键基础设施市场经营的领先科学和工程公司。我们与客户合作,通过提供运营和竞争优势的创新解决方案来解决现实世界问题。访问我们的网站www.QinetiQ.com。在LinkedIn和Twitter上关注我们@Qinetiq。访问我们的博客www.qinetiq-blogs.com.

前瞻性陈述

这个版本不histor的语句ical facts constitute “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements include Luna's expectations regarding its projected 2020 financial results and outlook, the integration of OptaSense’s employees, intellectual property and offerings, and the expected benefits of the acquisition, including the acquisition being accretive to Luna’s non-GAAP EPS in 2021 and increasingly accretive thereafter, the ability to expand offerings to Luna’s and OptaSense’s customer groups, the ability to establish a strong international presence, and the ability to expand into additional high-growth markets, the continuation of trends such as 5G, lightweighting and infrastructure monitoring, the potential impacts of the COVID-19 pandemic on its business, operations and financial results, and growth potential. Management cautions the reader that these forward-looking statements are only predictions and are subject to a number of both known and unknown risks and uncertainties, and actual results, performance, and/or achievements of Luna may differ materially from the future results, performance, and/or achievements expressed or implied by these forward-looking statements as a result of a number of factors. These factors include, without limitation, uncertainties regarding integration of the companies’ respective employee bases, offerings and business operations, potential adverse reactions or uncertainties regarding the acquisition among the companies’ customers, potential unknown liabilities and unforeseen expenses associated with the acquisition, potential performance shortfalls as a result of the diversion of management’s attention caused by completing the acquisition and integrating the companies’ operations, failure of demand for Luna's products and services to meet expectations, failure of target market to grow and expand, technological and strategic challenges, uncertainties related to the ultimate impact of the COVID-19 pandemic and those risks and uncertainties set forth in Luna’s Form 10-Q for the three and nine months ended 9月30日,2020年那and Luna's other periodic reports and filings with the Securities and Exchange Commission(““)。在SEC网站上提供此类文件www.sec.gov.and on Luna’s website atwww.www.lmz-yz.com.。The statements made in this release are based on information available to Luna as of the date of this release and Luna undertakes no obligation to update any of the forward-looking statements after the date of this release.

Investors:
Allison Woody
Phone: 540-769-8465
Email:[电子邮件受保护]

Source: Luna Innovations Inclated.

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