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Second tranche released in accordance with agreement struck earlier this year
April 24, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Luna Innovations Inc. announced that it has received the second payment of $6 million as originally agreed upon with Intuitive Surgical, Inc. The payment is related to the sale of Luna’s shape-sensing technology for medical applications that was executed with Intuitive in January of this year. In accordance with the terms of the deal, Luna has now received a total of $12 million from Intuitive, and may receive up to an additional $18 million in the future upon the achievement of certain techn...
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