ColdQuanta Inc. of Boulder and the University of Colorado have finalized an agreement allowing ColdQuanta to commercialize cutting-edge physics research developed by CU-Boulder and SRI International. The licensed technology centers on Bose-Einstein Condensate, or BEC, a new form of matter created just above absolute zero.
Ultracold matter such as BEC can be used to dramatically increase the performance of devices such as gyroscopes, accelerometers, gravimeters and magnetometers because of its strong interaction with gravity and magnetic fields as compared with laser-based devices. BEC also has potential applications in a wide range of research and commercial settings, ranging from atomic clocks to improved navigation of submarines and spacecraft, and even quantum computing.
"We are delighted that this license agreement has been finalized," said ColdQuanta CEO Rainer Kunz. "It's a great example of the university's strong support for commercializing BEC and cold atom technology born out of CU and SRI International, and will ultimately boost advances in the ultracold applications field."
"Cold atom research has great potential for fields such as instrumentation and cryptography," added Chris Lantman, senior director of business development at SRI International of Menlo Park, Calif. "We are pleased that ColdQuanta will commercialize this important technology and look forward to new applications of our physics R&D."
Initially theorized by Satyendra Bose and Albert Einstein in the 1920s, BEC was achieved for the first time at JILA -- a joint institute of CU-Boulder and the National Institute of Standards and Technology -- by Eric Cornell and Carl Wieman, who received a Nobel Prize in 2001 for their work. ColdQuanta was founded in 2007 to commercialize work by CU-Boulder physics professor and JILA Fellow Dana Anderson to develop streamlined devices for BEC experiments.
"Startup companies like ColdQuanta play a piv
|Contact: Lindsay Lennox|
University of Colorado at Boulder