For fiscal year 2025, the Defense Engineering Services business (which includes Colmek) reported revenues of $7.9 million , up from $7.5 million in 2024.
Contracted Colmek to upgrade and launch the next-generation OG2 Network Test Set. colmek funding
| Company | Sector | Funding Received | Outcome | |---------|--------|------------------|---------| | | Grid‑scale battery storage | $1.2 M Phase‑II grant + $3 M equity‑bridge loan | Secured a 30‑MW battery contract with a regional utility; raised $15 M Series A. | | MediPulse AI | Digital health diagnostics | $500 k Phase‑I grant | FDA clearance for AI‑driven arrhythmia detection; now in 150 clinics. | | AddiForm Robotics | Advanced manufacturing | $2 M matched‑funding co‑investment | Built a pilot line for additive‑manufactured aerospace components; $12 M in orders from OEMs. | For fiscal year 2025, the Defense Engineering Services
The program was conceived to fill three critical gaps identified by policymakers and industry leaders: | | MediPulse AI | Digital health diagnostics
Coda Octopus Group acquired Colmek Systems Engineering (then Miller & Hilton) in April 2007 for approximately $2.075 million in a cash and stock transaction.
26 Apr 2007 — Coda Octopus Acquires Colmek Systems Engineering :: Coda Octopus Group, Inc. (CODA) Market/Symbol Nasdaq: CODA. Coda Octopus Group, Inc. colmek - Wiktionary, the free dictionary Noun. colmek. (slang, vulgar) the act of fingering. Wiktionary, the free dictionary Colmek se - Crunchbase Company Profile & Funding
| Challenge | Root Cause | Mitigation Strategy | |-----------|------------|---------------------| | | Heavy reliance on external expert panels | Introduced a “fast‑track” pathway for technologies with existing proof‑of‑concept data, reducing decision time from 12 to 6 weeks. | | Geographic Concentration | Majority of applicants from Michigan’s Ann Arbor and Columbia’s New York City campuses | Launched outreach “Innovation Roadshows” in Cleveland, Detroit, and Albany, boosting applications from under‑represented regions by 27 % in 2023. | | Post‑Funding Commercialization Gap | Limited access to downstream manufacturing partners | Formed the Col‑MiK Manufacturing Consortium , offering shared pilot‑plant time and supply‑chain matchmaking. | | Equity‑Bridge Uptake | Startups wary of revenue‑share clauses | Added a “re‑price” clause allowing renegotiation after the first 12 months if revenue growth deviates > 30 % from forecast. |