Luna's Picometrix Division receives $2.8M in purchase orders
Luna Innovations announced that its Picometrix division received $2.8M of follow-on purchase orders from a leader in the telecommunications industry for its 100G Intradyne Coherent Receivers. The ICR is an important component that enables high-speed optical communications in long haul and metro networks to support the increasing global bandwidth demand. "These orders, to be delivered in the fourth quarter of 2016 represent follow-on orders to our October 2015 announcement. The Picometrix 100G ICR product platform represents an important opportunity in the growing high-speed long haul and metro markets," said My Chung, president and chief executive officer of Luna. "The increased level of deployment of new 100G fiber-optic long haul and metro networks in Asia is creating significant demand for our high-speed optical receiver and detector products. We believe we will see continued growth of this product line as the network is being built out."