Luna Innovations Incorporated develops, manufactures and markets fiber optic sensing and test, and measurement products. The Company is focused on bringing technology solutions to measure and monitor processes in the aerospace, automotive, energy, composite, telecommunications and defense industries. The Company operates in two business segments: Products and Licensing segment and Technology Development segment. The Products and Licensing segment develops, manufactures and markets its fiber optic sensing, as well as test and measurement products. The Technology Development segment performs applied research principally in the areas of sensing and instrumentation, advanced materials and health sciences. Its product lines in the test and measurement domain include Optical Vector Analyzer (OVA), Optical Backscatter Reflectometer (OBR) and the Phoenix family of tunable lasers. Its test and measurement products monitor the integrity of fiber optic network components and sub-assemblies.