Roanoke-based Luna Innovations Inc. announced Monday that it is selling its Secure Computing and Communications Group (SCC) to MacAulay-Brown Inc.
The sale is designed to allow Luna to focus on its core business of fiber optic sensing while reducing the company’s exposure to reductions in government spending.
“The sale of SCC allows us to increase liquidity and focus on the growth potential of our core fiber-optic technology,” My Chung, Luna’s CEO, said in a statement. “MacB has a strategic focus in areas where our SCC technology is already being applied as well as the infrastructure to advance this technology for military and intelligence customers.”
MacAulay-Brown Inc. is a privately held engineering and national security solutions firm based in Dayton, Ohio. The company’s national headquarters is located in Vienna.
SCC conducts research and development of electronic components and methods and provides technical services to the U.S. military and national security applications.
Employees of SCC, as well as the business and intellectual property portfolio, will shift to MacB.
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