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Manufacturing Round for the Week of 1/29/16

Manufacturing-News-FuzeHub-2

Drug Developer Planning $25 Million Expansion in Rensselaer County

“The developer of a blockbuster drug that treats one of the leading causes of adult blindness is seeking approval to build a $25 million expansion that would include space for research, manufacturing and offices in East Greenbush, New York. Regeneron Pharmaceuticals Inc. has rapidly expanded its East Greenbush operations over the past several years.”
Read more here.

Albany Telecom Company Expands Fiber Network Toward New York City

“FirstLight Fiber has expanded its fiber optic network downstate toward New York City as it looks to grow beyond its current market.
The Albany, New York, based company now has 260,000 fiber miles through five states including New York, New Hampshire, Maine, Vermont and Massachusetts.”
Read more here.

New York Investing $1.3 million in Digital Gaming, Including at RPI

“Empire State Development is investing $1.3 million in three digital gaming hubs at Rensselaer Polytechnic Institute in Troy, New York University and Rochester Institute of Technology. The state will give universities $150,000 each per year for three years.”
Read more here.

Albany Fiber-Optics Business Expands Internationally with New Plant in Brazil

“Integra Optics is expanding south of the U.S. with a new production facility in São Paulo, Brazil. The Albany, New York-based business makes fiber-optic equipment for cable, phone and wireless network platforms companies like Time Warner Cable and Verizon. It competes with the giants Cisco and Alcatel-Lucent.”
Read more here.

Why Adding More Customers like Nike, Home Depot is Key to Plug Power’s 2016

“Plug Power added Nike and The Home Depot as new customers in 2015, contributing to its goal of more than $100 million in revenue. CEO Andy Marsh said adding more national retailers like these is key to achieving the company’s 2016 revenue goal of $150 million.”
Read more here.

GE Fuel Cells Expanding with New Lease at Saratoga County Tech Park

“GE Fuel Cells is expanding at the Saratoga Technology + Energy Park in Malta, New York, with plans to build a new test site for its 1-megawatt fuel cells. New York State Energy Research and Development Authority approved the request for a new lease during a board meeting on Tuesday.”
Read more here.

Albany Manufacturing Sector Continues to Outpace Other New York Metros

“The Albany region added more manufacturing jobs in December than any other metropolitan area in New York state. The region gained 500 manufacturing jobs as companies like General Electric and Regeneron Pharmaceuticals continue to hire more workers.”
Read more here.

Post-merger, Saratoga Startup CEO Talks New Year, New Name and ‘Aggressive’ Goal

“Greg Moran has been traveling from Saratoga Springs, New York to Dallas, Texas as he brings two companies — Chequed.com and Assess Systems — together as one as CEO. The newly-named OutMatch, which announced its rebranding last week, plans to grow revenue and hire new sales and tech employees in 2016.”
Read more here.

Mechanical Contractor Adds Office Space in ZEN Building

“Three years after it completed a local comeback story by acquiring local contractor Tougher Industries, mechanical contractor John W. Danforth Co. is growing its footprint in the region. Buffalo, New York-based Danforth has leased office space in the ZEN Building on SUNY Polytechnic’s campus in Albany.”
Read more here.

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