Lumetrics provides optical measurement products and services to the high value specialty films, medical device, and pharmaceutical, ophthalmics, and precision optics industries. The Company's high-precision, fiber-optic dual interferometer instruments, (trade name OPTIGAUGETM) provide extremely accurate and rapid measurement of physical properties of complex surfaces and objects. Lumetrics licensed its core technology from Eastman Kodak and has submitted patents for applications and enhancements around this technology. Lumetrics has sales traction with customers such as Corning, Abbott, and CIBA Vision.
Lumetrics is managed by John Hart, CEO, with experience at Bausch and Lomb, Allergan optical and Holotek, Steve Heveron-Smith, VP Marketing and Sales, with experience in senior product management at Nortel Networks, and Todd Blalock, University of Rochester Institute of Optics graduate with experience at Agfa and the Laboratory for Laser Energetics.
Lumetrics is seeking additional capital of $800K to fund its growth in its 3 principle early markets. To date, $100k has been closed, $200K has been committed by the NY State Small Business Technology Investment Fund (SBTIF), leaving a target of $500K.