Fiber Materials Inc., a Biddeford company that develops and manufactures high-temperature materials and composites for defense, industrial, commercial and aerospace applications, has been named a finalist in the 2017 New England Innovation Awards.
The company's entry of its 3D "polymer matrix composite" — a lightweight, high-strength, fiber-reinforced composite capable of withstanding a wide range of challenging thermal and environmental conditions — is one of 20 selected from 194 innovative organizations to compete in the final phase of the competition sponsored by the Smaller Business Association of New England.
Fiber Materials' entry is seen as having strong potential in high-end automotive, spacecraft and medical devices, the company stated in a news release.
"The Smaller Business Association of New England is one of the leading business organizations in New England," Fiber Materials President Rob Pierson stated. "We applied for the SBANE Innovation Award because we think our new 3D PMC Carbon Fiber Composite is one of the most innovative products to hit the high-performance materials market in the last several years. In addition, working through the awards process gives us insights into our value proposition that we may not normally get if we talk to our regular customers."
Nick Bush, Fiber Materials' contracts manager, added: "We think of ourselves as a 48-year-old startup company, and we are honored the Smaller Business Association of New England community sees us the same way."
Winners and finalists will be honored at the "Evening of Innovation" gala dinner on May 11 at the Westin Hotel in Waltham, Mass.
Fiber Materials' components and products can be found inside industrial furnaces, thermal protection systems, rocket motors and nose tips and even NASA's Mars Science Lab Curiosity rover that landed successfully in 2012.
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