We know they had to match the grant with $500,000 of their own capital and even the CEO said it would take more than $750,000 to bring the product to market. We don't know what was given from the grant lat year (2016) and if Beta testing on the marijuana breathalyzer has actually commenced. This was the new CEO's main priority when he came in early last year but without an update in over 2 years on the progress being made, who knows where they currently are with things. But from my research and homework, I am placing my bets with Lifeloc and their previous experience with breathalyzers.
Lifeloc is partnering with several Colorado universities and national laboratories, which Knott declined to name, to create technology similar to what's used to detect explosives.
Toward this end, the state Office of Economic Development and International Trade awarded the company a $250,000 grant earlier in the year, which Lifeloc had to match with $500,000 of its own money. "This company was funded based on their competitive application," says OEDIT spokeswoman Katie Woslager via email. "They do want to commercialize their technology to potentially sell to Colorado law enforcement."
Knott figures it's going to take more than $750,000 to bring the product to market, but once there he hopes to sell the devices for around $3,000 to $4,000. (Current alcohol breathalyzers run between $500 and $2,000.) He expects to begin beta testing by the end of next year, he says, with a commercial version tentatively available in 2016.
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