Los Alamos-based UbiQD secures state financial support for next phase of expansion into advanced energy applications – Los Alamos Reporter

UbiQD CEO, Hunter McDaniel, presents on stage at the NMAEA event in Albuquerque, NM on Friday, May 3. Photo courtesy of UbiQD, Inc.

UBIQD news item

UbiQD, Inc., the New Mexico-based leader in quantum dot (QD) technology and manufacturing, and the New Mexico Economic Development Department (NMEDD) today announced their dual triumph at the New Mexico Advanced Energy Award Pilot Program. Building on its recent successes, the company has secured a total of $615,000 in funding, including $565,000 from NMEDD, in addition to a $50,000 bonus for delivering the best pitch.

The New Mexico Advanced Energy Award (NMAEA) Pilot Program is a state-funded initiative to encourage advanced energy innovation and commercialization among New Mexico’s small businesses. It awards non-dilutive financing to projects with strong growth potential, with the goal of supporting the retention and expansion of bottom-line businesses, creating jobs and developing the state’s tax base. The competitive program rewards selected companies with significant funding to turn innovative ideas into practical solutions. The company also received support from the New Mexico Job Training Incentive Program (JTIP) on May 10 to train 10 new employees for an approved amount of $307,000.

“We are grateful for the state’s continued support of our growth, allowing us to do our part in establishing a new vector in the solar energy industry supply chain here in the Land of Enchantment,” said Hunter McDaniel, founder and CEO of UbiQD. “New Mexico is quickly becoming a national leader in the advanced energy economy, and I am excited to be part of that story.”

UbiQD will use the funding to enhance and expand its solar energy initiatives in New Mexico. These strategic investments will focus on scaling UbiQD’s Nobel Prize-winning quantum dot (QD) technology as optical additives for polymers that optimize the spectral quality of sunlight for food and energy applications.

About UbiQD, Inc.

UbiQD® (pronounced ‘ubiquity’) is a global leader in quantum dot manufacturing and technology. Founded in 2014, the company drives product innovation in the areas of agriculture, clean energy and safety. Our quantum dots enable products that harness the power of color and light, and our greenhouse technology, UbiGro®, uses fluorescence to create an optimal greenhouse spectrum for crops. Watch the UbiGro Cover promo video here. Headquartered in Los Alamos, New Mexico, UbiQD is a licensed technology developed at leading research institutions including Los Alamos National Laboratory and MIT. For more information, visit https://ubiqd.com and https://ubigro.com.