"We expect about half our work to be for external customers and the other half to develop our own product portfolio," she said.
The company leased a 13,500-square-foot building at 3100 Menaul NE in June. The facility, located across from the
The company is now working on its first new technology, a method to immensely increase the processing power of flow-through cytometers, or cell meters, which are used worldwide to screen tissue samples for medical diagnostics and drug development.
Sandia Electro acquired an option to license the technology last spring from the
"Mike is an incredibly savvy manager who's both good at business and understands the science," Graves said. "That's critical because raw scientists like me and Andy don't have enough understanding of the business world for even the standard management of a business."
Cumbo said he's now looking to license two more environmental sensing technologies -- a university invention for use in gas detection and a new tool for oil-field-related work that was created by an individual inventor.
In addition, over the summer, Sandia Electro acquired all the rights and equipment for a solar-powered attic fan developed by a roofing contractor in
That acquisition marked the launch of a new Off-Grid Solar Products division at Sandia Electro.
"We acquired the entire product line and moved it to
In September, the company also received franchising rights to offer Engineering for Kids programs in
The Cumbos have leased a 2,200-square-foot space at the
"It's a services learning center where we'll offer classes, workshops and parties," Owings Cumbo said. "In the long term, we hope to set up about half a dozen such learning centers around the state."
Tech art gallery
"It's a consignment-based business to sell technology-based art," Owings Cumbo said. "It's a great marketing tool for us."
"About 40 percent of the startups that STC has facilitated (with UNM technology) have been launched by entrepreneurs like Mike," Kuuttila said. "We need to attract more of that kind of management talent to the state -- people with the been-there, done-that expertise and experience who aren't afraid of taking risks."
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