NEWS RELEASE
MOMENTUM OPTICS
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Momentum Optics, a Longmont-based startup leveraging semiconductor processing techniques to develop an innovative manufacturing technology capable of producing optical components about 10X less expensively and 5-10X faster than traditional methods, was awarded a $250,000 grant as part of the Colorado Advanced Industries Grant program.
Colorado's Office of Economic Development and International Trade (OEDIT) made the announcement on May 21, 2020.
“We're honored to be among a select group of startup companies chosen for this award,” said Jeremy Goeckeritz, founder and CEO of Momentum Optics. “The award will enable us to move our technology forward and prepare to enter the market; it also represents a vote of confidence by the review committee and the state of Colorado. The award will not only help with typical startup capital needs, but also opens the door to future investors and capital, which is particularly important now as we embark on an investment round. We look forward to entering the market and generating a positive economic return for the state of Colorado.”
Momentum Optics is solving the problem of long lead-times for custom optical lenses, a pain point for many companies as they seek a first-to-market advantage in an effort to capture early market share and create brand awareness.
Momentum Optics is currently part of the Innovate Longmont Accelerator 2020 cohort.
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