We are discontinuing the UltraBeam project. The UltraBeam was a standalone CO2 laser designed for higher-power cutting. This article outlines the circumstances and series of events leading up to this announcement.
The UltraBeam project was started and led by one of our employees, Ikenna. From the beginning of the project, Ikenna had expressed interest in spinning the product into part of a new company, separate from Sienci Labs. However, I decided that at that time, the best chance of success for the product was to keep it within the Sienci Labs umbrella and build it under our roof. Since that point, Ikenna has worked on the CO2 laser full-time.
Our company has gone through a lot of changes internally, and with that, changes to our company structure, distribution of resources, decision-making processes, and more. Alongside this, we’ve had a number of employees leave or get fired, which has affected the balance and relationships within the company. In the midst of everything, it felt to me that spinning the CO2 off into a separate company may alleviate some of the pressures to manage all of the changes and allow Ikenna to build a new company structure around a new product that was suitable for his vision.
We started working on a rough plan for this spinoff. The general plan was for Sienci Labs to transfer the prototypes, materials, and IP around the CO2 laser to the new company in exchange for a minority stake in the new venture. This meant that Ikenna would leave Sienci Labs and then work for his own venture. This structure would allow Ikenna to access all of the work he had already started without restrictions,
After his departure, it became clear, after some back and forth, that Ikenna no longer had the intention to work with me or involve the company in the new venture.
This puts things in a complicated situation, since as far as I understand, Ikenna plans to continue the development and eventual release of a CO2 laser. However, Sienci Labs still retains the intellectual property and customer information created during Ikenna’s employment.
Given these circumstances, I am putting a hold on the UltraBeam project. This means that there will be no new development or product release at this time. Additionally, I would note that external use of customer information and IP created and owned by Sienci Labs is a violation of our working contracts and any products.