Luna Innovations Incorporated Files for Initial Public Offering

Roanoke, Virginia, February 10, 2006 - Luna Innovations Incorporated today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. All shares of the common stock to be sold in this offering will be offered by the company. The company has applied to list its shares of common stock on the Nasdaq National Market under the proposed trading symbol “LUNA”.

ThinkEquity Partners LLC will be acting as the sole book-running manager. WR Hambrecht + Co and Merriman Curhan Ford & Co. will be co-managers for the offering.

This offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from ThinkEquity Partners LLC, 600 Montgomery Street, San Francisco, CA 94111, or at prospectus@thinkequity.com

A registration statement relating to these securities has been filed with the Securities and
Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Luna Innovations Incorporated researches, develops and commercializes innovative technologies in two primary areas: molecular technology and sensing solutions. Luna’s business model is designed to accelerate the process of bringing new and innovative products to market. The company seeks to identify disruptive technologies that can fulfill identified market needs and to take these technologies from the applied research stage through commercialization.

Contact:
Aaron Hullman, VP and General Counsel
Luna Innovations Incorporated
Tel: (540) 552-5128
Email: hullmana@lunainnovations.com