Paradigm’s growth pattern
The Loveland company makes thin film coatings for optical equipment used in everything from the military to health care to academia.
Thanks to robust sales to government labs and the U.S. Department of Defense, Paradigm recently moved into a new building and has about $800,000 in new equipment.
The company expects to triple its workforce from a dozen to three-dozen people in the next two years, CEO Matt Morgan said.
A few of those employees will be scientists with doctorates while others will work as technicians.
Paradigm Research Optics bills itself as a photonics company. According to a National Academy of Sciences report released earlier this year, the photonics industry is expected to help lead transformations in fields like solar power in the next few decades.
“In many ways, the current period might be analogous to the dawn of the laser in 1960, when many of the transforming applications of that extraordinary invention had not yet been contemplated,” the report says.
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