Manufacturing Round Up for the Week of 6/26/2015

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Albany Distilling Co. Opening Second Location

“The Albany Distilling Co. Inc. is coming to downtown Troy, New York. The distillery will open a “branch office” at 57 Third St., next to Takk House. Primary distilling will continue at the company’s location at Quackenbush Square in downtown Albany, where it makes two whiskey spirits, rum and gin.”
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New York Milk Production Rises Nearly 3 Percent In May

“New York dairy farms produced 1.22 billion pounds of milk in May, up 2.6 percent from the year-ago period, the USDA’s New York field office reported.”
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New Manufacturing Approach Slices Lithium-Ion Battery Cost In Half

“An advanced manufacturing approach for lithium-ion batteries, developed by researchers at MIT and at a spinoff company called 24M, promises to significantly slash the cost of the most widely used type of rechargeable batteries while also improving their performance and making them easier to recycle.”
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Investor Makes Big Play On Cleveland BioLabs

“Shares of Cleveland BioLabs Inc. more than doubled Thursday after the Buffalo drug development company announced the sale of a controlling interest valued at $25 million. The investor is David Davidovich who agreed to purchase 6,459,948 unregistered common shares at a price of $3.87 per share.”

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Startup Offering Small Businesses Low Interest Rate Loans Raises $110 Million

“The new wave in banking, which doesn’t involve a single branch taking over a corner location, continues to build: Bond Street Marketplace, which launched a year and a half ago, has raised $110 million in equity and debt financing. The Manhattan-based company, which automates the loan approval process by tapping into a range of online client data, announced the funding deal on Thursday.”

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