Wednesday, May 20, 2015

Orlando optics company wins the Cade Prize for innovation



The company was selected to win the $50,000 prize over 84 other young Florida companies for the innovation and market potential of its technology



Orlando, Fla., May 20, 2015 -- EVERIX, a design and manufacturing firm for high-performance interference optical filters, today announced that it has won the 2015 Annual Cade Museum Prize. The Cade Museum for Creativity and Invention's annual competition is for early-stage inventors and entrepreneurs in Florida with ideas that demonstrate innovation, large potential impact in the world, and market credibility. EVERIX was selected the winner after the four finalists gave presentations to the audience at the inaugural Inventivity Bash and a panel of judges reviewed the inventions and business plans vying for the $50,000 award.

The Community Foundation of North Central Florida provided the cash award, while the Florida-based law firm of Lowndes, Drosdick, Doster, Kantor & Reed, P.A. offered $10,000 in in-kind legal services.

"Winning this serious cash prize could enable us to achieve some of our key business milestones at a faster pace, but even more valuable to us were the comments and feedback from the Cade Museum’s seasoned panel of judges" said E. Hooman Banaei, the Founder and CEO of EVERIX. "The judges were among the best, a great mix of business leaders and technologists. Winning this tight competition gave us the confidence that our company is on track with a game-changing technology," he added.

EVERIX recently launched its unique flexible ultra-thin optical filters with scratch-insensitive performance and easy custom-shaping for OEM customers requiring volume consistency across a multitude of industries. The company has already received inquiries from several industries, including medical imaging for early cancer detection, defense and safety equipment manufacturers.

About EVERIX

EVERIX specializes in custom design and manufacturing of high-performance interference optical filters with hundreds to thousands of nano-layers for high wavelength selectivity and spectrum customization. The company's proprietary technology for non-deposition fabrication of simple to complex interference optical filters with both rigid and flexible substrates enables consistent volume production beyond conventional possibilities. EVERIX’s new manufacturing approach lifts some key limits the optical coating industry has had even after four decades of maturity. EVERIX provides advantageous alternatives for many existing markets and enables several new markets previously prohibitive due to the coating technology limits. www.everix.co

About Cade Museum for Creativity and Invention

The Cade Museum for Creativity and Invention offers classes, programs, and exhibits that are designed to engage visitors in "purposeful creativity," the kind that leads to great inventions, new businesses and ideas that change the world. The Cade Museum Prize is an annual competition for early-stage inventors and entrepreneurs in Florida. The goals of the $50,000 prize are to provide seed capital and publicity for great ideas with market potential.


Contact:
E. Hooman Banaei, PhD
Found and CEO, EVERIX, Inc.
+1(407) 637-2987

Media Contact:
Nadia Ballard
Market Growth Strategies LLC
+1(407) 716-8435

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