Luna Innovations Inc. Announces 2006 Fourth Quarter and Year-End Results Reporting Date of March 5, 2007

ROANOKE, Va., Feb. 27 /PRNewswire-FirstCall/ -- Luna Innovations Incorporated announced today that it will release financial results for the quarter and year ended December 31, 2006 and hold a conference call with investors on Monday, March 5, 2007. Kent A. Murphy, Chairman and Chief Executive Officer, and Dale Messick, Chief Financial Officer, will host the call and will discuss Luna Innovations’ fourth quarter and year-end financial results as well as other recent company developments. The call will be held on Monday, March 5, 2007, at 5:00 p.m. (EST).

The investor conference call will be available via live webcast on the Luna Innovations website at http://www.lunainnovations.com under the tab “Investor Relations.” To participate by telephone, the domestic dial-in number is 1.800.638.5495 and the international dial-in number is 1.617.614.3946. The access code is 46756966. Investors are advised to dial in at least five minutes prior to the call to register. The webcast will be archived on the Company’s website under “Webcasts and Presentations” for 30 days following the conference call.

About Luna Innovations

Luna Innovations Incorporated researches, develops and commercializes innovative technologies in molecular technology and sensing solutions. Luna accelerates the process of bringing new and innovative products to market by focusing on technologies that can fulfill identified market needs and then takes these technologies from the applied research stage through commercialization. Since its inception, Luna has successfully developed products for the energy, telecommunications, life sciences and defense industries. Headquartered in Roanoke, Virginia, the company has research, development and manufacturing facilities in Blacksburg, Charlottesville, Hampton, and Danville, Virginia and a sales office in McLean, Virginia. Additional information can be found at http://www.lunainnovations.com.

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Luna Innovations Incorporated

CONTACT: Media: Karin Clark of Luna Innovations Incorporated,+1-540-769-8400, kclark@lunainnovations.com; or Investor: Sally Beerbowerof Qorvis Communications, +1-703-744-7800, ir@lunainnovations.com, for LunaInnovations Incorporated

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