This is good news for this area, from the press release:
The Third Frontier Commission awarded the grants through a competitive RFP evaluation process in which proposals from 17 different entities were reviewed and scored by Taratec Corporation, an independent evaluating corporation. To qualify, companies receiving awards must have their principal place of business in Ohio. The Ohio Department of Development (ODOD) administers the grants.
“Today’s award recipients are developing technologies and products that are making them industry leaders,” said Lt. Governor Bruce Johnson, who also serves as State Development Director and Chair of the Third Frontier Commission. “Through initiatives like the Third Frontier, we are reclaiming Ohio’s culture of innovation.”
University of Toledo (UT), located in Toledo (Lucas County), was awarded $1,000,000 for its “Test Facility for Experimental Development of High-speed Rotating Components and Subsystems.” This facility will be dedicated to the experimental development of advanced, high speed (up to 150,000 rpm) rotating equipment. UT’s collaborator, Teledyne Continental Motors – Turbine Engines (TCM-TE) plans to use the facility to test bearings and compressors. TCM-TE expects initial sales of newly developed turbine engines to be $3.25 million with 10 to 20 new jobs created.
The Toledo Blade also reported this but did not mention Teledyne or the job creation information:
The University of Toledo was awarded $1 million for its “Test Facility for Experimental Development of High-Speed Rotating Components and Subsystems.”
The facility will be dedicated to the experimental development of advanced, high-speed rotating equipment
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5 comments:
This is really exciting news. With the merger of UT and MUO and the new research dollars already flowing in, it looks like we are starting to get our act together and recognize that we need to position ourself for the new economy.
I agree and thank you for commenting. I'm glad to see there are other people out there that see this is great news.
:-)
Despite the pass that the MSM gave this item, or at least there sparse coverage, the word is getting out, although slowly.
Blogs and sites like ToledoTalk are responsible for that.
That's true, I learned today thanks to HeyHey on Toledo Talk that there was an article on some good news from UT.
UT team tries to develop bomb-proof glass for armored vehicles
Thanks for posting this Lisa. It is really amazing to watch The Blah contiune to bash our community and never write about the good news. This should have been front page news (at least it would be in most communities). Instead, The Blah uses the front page to push whatever political agenda Block is on that week.
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