Press release

Luna Innovations Named 2019 Innovator of the Year

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Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in
advanced fiber optic-based technology, was recognized as the Innovator
of the Year at the annual TechNite awards banquet Friday night. The
Roanoke-Blacksburg Technology Council (RBTC) bestowed the honor, which
was accepted by Scott A. Graeff, President and CEO of Luna Innovations.
According to RBTC, this award “recognizes an individual, a group of
individuals, company, or other organization that sets the standard for
thought leadership and innovation in their respective field. By
definition, they are doing something new or different, and they are
doing it well. Their innovation represents a significant technological
breakthrough, or addresses a great market opportunity, or both.”

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(Photo: Business Wire)

(Photo: Business Wire)

“We have worked incredibly hard to be leaders of innovation in our
industry, and I believe that the results we have driven in the past year
or so demonstrate our success. Transformative innovation would be
difficult without strong support from the local community and without
the great talent that we have been able to attract because of where we
are located, and for that we are very grateful. We at Luna Innovations
are so proud to be headquartered in the Roanoke-Blacksburg region,” said
Scott Graeff, President and CEO of Luna Innovations. “The entire Luna
family is honored and humbled.”

About Luna

Luna Innovations, Incorporated (
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 Technology Development segment and a Products and Licensing
segment. Luna’s business model is designed to accelerate the process of
bringing new and innovative technologies to market.

Forward-Looking Statements

The statements in this release that are not historical 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 innovative capabilities and talent base. 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, the risks and uncertainties set forth in Luna’s
periodic reports and other filings with the Securities and Exchange
Commission (“SEC”). Such filings are available on the SEC’s website at
and on Luna’s website at
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