| Executive Summary: | NanoLambda is developing Spectrum SensorTM, an ultra-compact, low-cost spectrometer-on-a-chip, based on novel nano-optic devices. Each pixel of the chip detects a predefined wavelength of light, yielding a spectral fingerprint for each material being imaged. Unlike expensive and bulky conventional solutions, nanoLambda’s Spectrum SensorTM chip enables non-invasive and multi-target monitoring capability at an ultra compact size, only a few mm*mm, and at very competitive cost, lower by multiple magnitude of order than competition through the standard wafer process. While initial applications are expected to be high-resolution color sensing, the sensor will also be used for non-invasive wearable health monitors. As a key component to these markets, it is anticipated that the total addressable market for the spectrometer-on-a-chip will be over $1 billion in 2013. NanoLambda was founded in 2005, as a spin off company of the University of Pittsburgh and has been funded (grants & convertible) by NSF, The Technology Collaborative, Innovation Works, Pittsburgh Life Science Greenhouse, and Pennsylvania NanoMaterials Commercialization Center. Recently, NanoLambda has achieved significant progresses both on technical and business sides, and the first product will be launched as planned, in 3Q2010. |
