NYS Manufacturing and Tech News 1.30.23

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NYS Manufacturing & Tech News, pile of newspapers in background

Marquardt, OCM-BOCES launch new training program for high school students

“High school students will have the opportunity to participate in a new two-year engineering technology program at Marquardt Switches starting in the fall.”

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Polyset doubles down to add capacity, projects 20% revenue growth for second year in a row

“It took Polyset five years to increase revenue from $12.5 million to $20 million. With the investments the company is making, the Ghoshals expect to hit $25 million in revenue within a year.”

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Zinc8 wins state tax credits for US$68 million New York manufacturing facility

“​The incentives are being offered to the company for locating its first commercial manufacturing facility in New York, which will manufacture long-duration energy storage systems (ESS). The company’s technology generates zinc particles using outside energy, stores them in potassium hydroxide electrolyte and combines them with oxygen to generate electricity before returning the byproduct (ZnO) back through the system.”

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PreAct Technologies raises $14 million

“PreAct Technologies, Luminate NY’s fourth cohort winner, has raised $14 million in the first close of a Series B funding round. The monies are expected to propel research and development and expansion into new markets.”

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