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Headwaters MB Advised Luna Innovations Incorporated on the Divestiture of its Secure Computing & Communications Division to MacAulay-Brown

February 2013

GREENWICH, CT - Headwaters MB advised Luna Innovations Incorporated (NasdaqCM: LUNA) on the divestiture of its Secure Computing and Communications group (SCC), to MacAulay-Brown, Inc. (MacB), a leading national security company providing advanced engineering and security solutions to defense, intelligence, homeland security and federal agencies. Terms of the transaction were not disclosed.

Luna’s Chief Executive Officer, My Chung, said, “This sale accelerates the monetization of our secure computing technology while mitigating exposure to reductions in government spending. We look forward to working with MacB and SCC’s customers on a smooth transition.”

Tess Oxenstierna, a Headwaters Managing Director focused on Aerospace, Defense and Government said, “Both SCC’s team and technology are a good strategic fit with MacB and will position the company for significant growth within the integrated circuit market over the coming years.”

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Tess Oxenstierna

Managing Director