Thursday, September 20, 2007

Albuquerque Economic Development

The metro's leading economic development organization held its quarterly investor's luncheon today. The event at the Sandia Resort and Casino attracted 667 registrations, a record, said Gary Tonjes, AED president. The resort catering staff responded capably to the challenge with pretty decent food for a banquet and prompt service complete with refilled ice tea glasses.
Speakers included technology executives Doug Cayne of Aspen Avionics and Robert Harbour of Lumidigm.
Avionics are the instruments than run an airplane. Aspen's niche is to make avionics that will allow retrofitting the dials and switches on existing low-priced aircraft with computer-based gear and sell at an affordable price. Avionics for the masses, one might say. Aspen is sold out through the first half of 2008, Cayne said.
Lumidigm calls itself "an identity solutions company" that makes "biometric security products." One Lumidigm device quickly and cleanly records the fingerprints both on the surface of the finger and on the subsurface. Yes, there are such things as a subsurface fingerprint.
For AED, Tonjes said, there is the potential that the fourth quarter of 2007 will be a record in terms of new companies and jobs or merely be "very impressive." AED's top six location prospects would add 6,500 jobs to the metro area and need 3.2 million square feet of space.
Blue Cross Blue Shield of New Mexico and Public Service Company sponsored the luncheon.

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