Luna Innovations Inc.´s (NASDAQ: LUNA) Picometrix division has entered into a Vendor Managed Inventory (“VMI”) agreement with a leading China provider of telecommunications equipment and network solutions, the company said.
This agreement will integrate Picometrix more closely into the customer´s supply chain and manufacturing processes.
Under the agreement, Picometrix will maintain in Hong Kong a dedicated inventory of 100G integrated coherent receivers and other future approved products, which its customer can draw into manufacturing on a “just in time” basis.
Following the execution of the VMI agreement, Picometrix received a new order for the supply of coherent receivers for 100G optical transport network equipment. The order totaled approximately USD 1.4m to be delivered through June 2017.
The company expects to supply both its first generation CR-100D product and its next generation (Gen 2) CR-100F coherent receivers under the VMI agreement.
The CR-100F is the company´s newest generation 100G coherent receiver and is compliant with the Optical Internetworking Forum standard “Implementation Agreement for Integrated Dual Polarization Micro-Intradyne Coherent Receivers”. The CR-100F is approximately one-fourth the size of the first generation CR-100D, with additional features including signal detect and a variable optical attenuator. The CR-100F will be deployed in both the long-haul and metro applications to support the continued increase in global bandwidth demand.
Luna Innovations provides optical technology, providing unique capabilities in high speed optoelectronics and high performance fiber optic test products for the telecommunications industry and distributed fiber optic 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.