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One Giant Leap for Nanotechnology: Nanocomp Technologies Tripling Size

We love business success stories and New Hampshire celebrates another one today, as Nanocomp Technologies in Merrimack celebrates its 10th anniversary with the announcement that it will triple its manufacturing capacity, creating at least 70 jobs.

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Peter Antoinette and Gov. Hassan at Nanocomp Technologies celebration

We often say that New Hampshire is home to manufacturers who make a product that is made no where else in the country, if not the planet.

Nanocomp Technologies is one of those companies. It is the only commercial producer of carbon nanotube-based sheets, tapes and yarns. It has been working closely with the Department of Defense to reduce the weight of body armor for our troops, while maintaining the level of performance for soldiers and law enforcement.

In fact, this ambitious expansion is made possible by an $18.5 million contract from DoD. By year’s end, Nanocomp will triple its manufacturing capabilities and adding 70 new jobs.

“This is a great day for our company,” said Nanocomp CEO and president Peter Antoinette. “Ten years ago, we had two employees; today we have 76, with plans to more than double that over the next year.”

More than 100 people attended the festivities at the company’s plant in Merrimack, including US Sens. Jeanne Shaheen and Kelly Ayotte and Gov. Maggie Hassan.

“Nanocomp’s expansion reinforces that our tax-friendly enviroment, responsive state government, highly skilled workforce and quality of life make New Hampshire as attractive state for business as any in the country,” Hassan said.

Congratulations, Nanocomp!

Lorna Colquhoun

Communications Director

NH Division of Economic Development

 

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