Home > Press > LiftPort Group to Open Carbon Nanotube Manufacturing Facility
Called LiftPort Nanotech, the new facility will also serve as the regional headquarters for the company, and represents the fruition of the company's three years of research and development efforts into carbon nanotubes, including partnering work with a variety of leading research institutions in the business and academic communities.
LiftPort Group, the Space Elevator Companies, to Open Its First Carbon Nanotube Manufacturing Facility
Seattle, WA | April 22, 2005
LiftPort Group, the space elevator companies, today announced plans for a carbon nanotube manufacturing plant, the company's first formal facility for production of the material on a commercial scale. Called LiftPort Nanotech, the new facility will also serve as the regional headquarters for the company, and represents the fruition of the company's three years of research and development efforts into carbon nanotubes, including partnering work with a variety of leading research institutions in the business and academic communities.
Set to open in June of this year, LiftPort Nanotech will be located in Millville, New Jersey, a community with a history in glass and plastics production. Both the City of Millville and the Cumberland County Empowerment Zone are partnering to provide $100,000 in initial seed money for the new facility.
LiftPort Nanotech will make and sell carbon nanotubes to glass, plastic and metal companies, which will in turn synthesize them into other stronger, lighter materials (also known as composites) for use in their applications. Already being used by industries such as automotive and aerospace manufacturing, carbon nanotube composites are lighter than fiberglass and have the potential to be up to 100 times stronger than steel.
"We are pleased that LiftPort has selected Millville as the location for its new manufacturing facility and regional headquarters," said Sandra Forosisky, Executive Director of the Cumberland Empowerment Zone. "Millville has a strong history in manufacturing, and we believe it is ideally suited for the emerging carbon nanotube industry." Mayor James Quinn from the City of Millville added, "LiftPort's presence will give Millville a competitive advantage in the emerging use of nanotube composites within our existing manufacturing base and its ability to attract additional manufacturing companies resulting in the creation of many new well paying jobs for our community."
"We selected Millville due both to its central location to key business centers on the East Coast, as well as its experienced workforce," said Michael Laine, president of LiftPort Group. "In addition, we selected the area because of its growing reputation for supporting the development of cutting edge technologies in a variety of arenas, such as low-cost, green energy."
Today's announcement represents the second major facility and first East Coast presence to be established by LiftPort Group, the Seattle-based company dedicated to the development of the first commercial elevator to space. The company was founded by Laine, one of the pioneers of the modern Space Elevator concept and the creator of the modern business model for building a commercial space elevator.
"We see the development of carbon nanotubes as critical to the building of the space elevator," said Laine. "Opening a commercial production facility enables us to generate revenues in the shorter term by meeting the growing market need for this material. At the same time, it enables us to conduct research and development in this arena for our longer term goal of a commercial space elevator."
A revolutionary way to send cargo into space, the space elevator (as proposed by LiftPort) will consist of a carbon nanotube composite ribbon stretching some 62,000 miles from earth to space. The elevator will be anchored to an offshore sea platform near the equator in the Pacific Ocean, and to a small counterweight in space. Mechanical lifters will move up and down the ribbon, carrying such items as satellites and solar power systems into space.
More information can be obtained at the company's web site at www.liftport.com
About the LiftPort Group
The LiftPort Group (LPG) is dedicated to building a mass transportation system to open up access to the inner solar system (LEO, GEO, the Moon, Mars, and asteroids). We expect the Space Elevator will be at the heart of this revolutionary transportation service. By opening up broad-based access to Earth orbits and the inner solar system, LPG will help bring about the creation of entire new markets. Based in space commerce, these new markets can only become viable through safe, inexpensive, routine access to the inner solar system. In short, we at LiftPort Group believe that development of the space elevator is a crucial step in the future of Earth and space.
Belinda Young Public Relations
Cumberland Empowerment Zone
Copyright © LiftPort Group
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Harris & Harris Group Notes ABSMaterials' Series B Financing November 22nd, 2013
Harris & Harris Group Letter to Shareholders on Website November 18th, 2013
Harris & Harris Group Reports Financial Statements as of September 30, 2013 November 12th, 2013
Harris & Harris Group Notes CordenPharma's Acquisition of Ancora's Carbohydrate Synthesis Platform and Corporate Name November 7th, 2013
Stanford engineers show how to optimize carbon nanotube arrays for use in hot spots December 2nd, 2013
Nanotubes can solder themselves, markedly improving device performance November 25th, 2013
Penn Produces Graphene Nanoribbons With Nanopores for Fast DNA Sequencing November 18th, 2013
Invisible Printed Electronics Using Carbon Nanotubes November 14th, 2013
How UK wonder substance graphene can't and won't benefit UK: Once a research-rich economy the UK has fallen behind in innovation with UK firms allegedly either incapable or unwilling to exploit inventions December 4th, 2013
Technology and Fashion industries need to come together for future of wearable tech: Beecham Research calls for convergence of aesthetics and technology in new video published today: Wearable Technology: Towards Function with Style December 4th, 2013
Curing Cancer with Magnetic Nanoparticles December 4th, 2013
Turning waste into power with bacteria — and loofahs December 4th, 2013