BOULDER - ColdQuanta Inc. signed an exclusive option to license agreement with the University of Colorado Technology Transfer Office for technology related to ultracold devices, instruments and systems.

The Boulder-based company is commercializing CU technology developed over the last decade by CU-Boulder faculty member Dana Z. Anderson, co-founder and chief technology officer of ColdQuanta. Anderson's collaborators include CU professors Eric Cornell and Carl Wieman, recipients of a 2001 Nobel Prize for the achievement of Bose-Einstein Condensation in an atomic vapor.

Ultracold matter, including Bose-Einstein Condensation - known as BEC, a new form of matter formed just above absolute zero - has many potential applications ranging from atomic clocks, inertial sensing instruments and the improvement of frequency standards to magnetic field sensing and quantum computing.

ColdQuanta will also receive a $100,000 proof-of-concept investment from the tech transfer office to support its work in commercializing this technology.