Omega Sensors Opens NASDAQ Stock Market

 On Friday, August 10, Omega Sensors, the 2007 Global Moot Corp Champion, opened the NASDAQ Stock Market. This is the fifth year the Global Moot Corp Competition winner has opened the market. Team members Brad Chisum and Nick Rhea and Faculty Adviser Alex DeNoble joined Rob Adams at the Open.

 “Ringing the NASDAQ opening bell was a great way to mark the graduation of our company out of the academic world and into life as a technology start-up company.  We have changed our name from Omega Sensors to Lumedyne Technologies and are now in the process of raising our Series A Financing.  The attention and educational experience from Moot Corp has accelerated this process and given us the firm foundation we need to launch our venture,” said Brad Chisum, CEO and Co-founder.

 Omega Sensors from San Diego State University beat out 34 teams from the top MBA programs around the world to claim the Global Champion title.  Their patented cutting edge optical displacement sensing technique for use in accelerometers, gyroscopes, pressure sensors, temperature sensors and magnetometers claimed the grand prize at the 24th annual Global Moot Corp Competition in May. 

To view photos of the ceremony,  go to www.nasdaq.com/reference/200708/market_open_081007.stm. The Open was telecasted on Bloomberg, Bloomberg Brazil, CNBC, CNBC India, Business News Network (BNN), NDTV (New Delhi), and CNBC.Com.

For more information on Lumedyne Technologies, see www.lumedynetechnologies.com/.