Luna Innovations Incorporated develops, manufactures and markets fiber optic sensing and test and measurement products focused on bringing technology solutions to measure, monitor, protect and improve critical processes in the aerospace, automotive, energy, composite, telecommunications, and defense industries. The Company operates in two segments: Products and Licensing segment and Technology Development segment. Its Products and Licensing segment develops, manufactures and markets itsfiber optic sensing, as well as test and measurement products. Its Products and Licensing segment also includes the funded development of its fiber optic shape sensing technology for minimally invasive medical applications. Its Technology Development segment performs applied research principally in the areas of sensing and instrumentation, advanced materials and health sciences.