Mito Material Solutions gets $1.1 million as grants
Pic: Mito Material
Mito Material Solutions, nano-additive solutions provider, has got $1.1 million as grants for product development from the National Science Foundation Small Business Innovation Research grant programme (SBIR) and Oklahoma through the Oklahoma Centre for Advanced Science and Technology (OCAST) programme. The funds will be used for producing nanoadditives.
These grants will allow the start-up to continue with their push to manufacture hybrid nanoadditives that enable composite manufacturers to create lighter, tougher, and more durable products for the automotive, wind energy, aerospace, and transportation industries.
Founded and led by husband and wife team, Kevin and Haley Keith, Mito Material Solutions’ aims to help usher in a new era of manufacturing by enabling tougher, longer lasting products at an affordable price. Over the past year, operations have scaled to accommodate commercial sales of their patented technology.
Kevin Keith, director of Product Engineering, says, “These grants will allow Mito to stay on the cutting edge as we enter the market with new innovations. Our goal this year is to increase the production of our current product to commercial capacity while developing and launching two new products. Our team is currently seeking corporate partners to work alongside in developing these products for market ready applications.”
Mito’s products are non-toxic, safe to handle and are engineered to integrate into common industry manufacturing processes including vacuum infusion, prepregs, hand layup and spray. (SV)
Fibre2Fashion News Desk – India