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Nanocomp Technologies

Concord,

NH

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Transcript

Nanocomp Technologies

PETER ANTOINETTE: Hi, welcome to Nanocomp Technologies here in Merrimack, New Hampshire. You are about to go in and see the nation's first advanced carbon nanotube manufacturing facility. We started this in 500 square feet in Lebanon, New Hampshire. We are here building out 30,000 square feet of a 100,000 square foot building. Let's go inside and take a look. SBA essentially provided us with our seed money. $2 million dollars from two SBA backed venture funds, $150,000 dollars of operational assistance grants for marketing, and $5 million dollars in SBIR funds that helped us move to 11,000 square feet in Concord, New Hampshire. We are a nanotechnology company. We make ultra-strong fibers that can also replace copper at a light weight. We make sheets that can also stop bullets, 21st Century materials. We talked about 11,000 square feet in Concord; you are now in 20,000 square feet in Merrimack, the first facility of its kind in advanced carbon nanotube manufacturing. This manufacturing is transformational. What we will put out here will impact the future as much as aluminum does today. We have also done jobs here, two jobs in Lebanon and 50 jobs here. Those 50 jobs created 75 additional jobs in the local community. Proud is an understatement. The team, fabulous. SBA, you kicked this off. It is the best example of a public private partnership and how to do it right.