PORTLAND, Maine — Brewer composite manufacturer Compotech Inc. landed a $5,000 grant for early-stage companies in the latest round of Maine Technology Institute awards.
The Brewer-based company, which got its start in the University of Maine’s Advanced Structures and Composites Center in 2011, makes composite materials primarily for defense applications such as armor, building protection, and blast and ballistic systems.
The company was the only early-stage grant winner in the latest round of funding, which delivered the largest amount of money to the Wiscasset-based Peregrine Turbine Technologies.
Peregrine, which is developing a high-efficiency turbine to generate electricity, won a $50,000 business accelerator grant to help fund research and development. The company plans to put up $1.4 million of other money as a match. Those grants are available to companies that have received federal research awards or a development loan from MTI.
RM Beaumont Corp., a Topsham-based engineering firm, got about $15,000 in a business accelerator grant, matched with about $225,000 of other money. The company’s recent projects include elements of tidal and river power generation units deployed by Ocean Renewable Power Co. and help converting or improving production at tissue paper mills.
In the latest round, MTI also announced that it awarded $1,200 to Optimum Imaging Diagnostics in Scarborough, through an early-stage Tech Start grant.