Jan. 22, 2009
CIE tenant receives Small Business and Technology honors
Carbolytic Materials Company, which has announced plans to build a processing plant in Maryville and base its research and development activities at Northwest Missouri State University's Center of Innovation and Entrepreneurship, was among 20 outstanding Missouri businesses honored Wednesday, Jan. 28, by lawmakers in Jefferson City.
The event, sponsored by the Missouri Small Business & Technology Development Centers, highlights the achievements of top-performing clients served by both MO SBTDC and its companion agency, the Missouri Procurement Technical Assistance Centers (MO PTAC).
Carbolytic Materials Company and about 20 other Missouri firms were recognized by state officials as Rising Stars of Innovation and Entrepreneurship for 2009.
In Oct. 2007, CMC signed a memorandum of understanding with Northwest declaring its intention to become the first tenant at the Center for Innovation and Entrepreneurship, where it will conduct R&D in conjunction with Northwest's Graduate Applied Research Center.
The Maryville plant, which is to employ between 20 and 30 people, will manufacture CMC's proprietary ApexCMTM carbon black replacement material, which is produced from shredded automotive tires and has a wide range of applications in the rubber and plastics industry.
Once fully online, the plant will comprise 20,000 square feet of production, testing and office facilities and allow for the waste-free processing of more than 15,000 tons of tires each year while producing 5,000 tons of ApexCMTM carbon black.
CMC's unique process takes place in a controlled environment that generates no odors or emissions. The result is the recovery from tire material of the reinforcing carbon that becomes ApexCMTM. As an added benefit, the process, which recycles the whole tire, produces oil and gas vapor useable as fuel.
Businesses participating in the showcase exhibited their products and services in the Capitol rotunda and received resolutions from state legislators honoring the impact of their enterprises on economic development statewide.
"This showcase provides a venue to demonstrate the importance of Missouri's small businesses to the economic vitality of the state," said Steve Wyatt, director of the University of Missouri Extension's Business Development Program. "Each of these businesses has received expert assistance from MO SBTDC and MO PTAC counselors, which enabled them to start or expand their enterprises."
For more information about the Missouri Small Business & Technology Development Centers program, go to http://www.missouribusiness.net/sbdc/index.asp.
For more information, please contact:
Mark Hornickel, Media Relations Specialist
firstname.lastname@example.org | 660.562.1704 | Fax: 660.562.1900
Northwest Missouri State University
215 Administration Building | 800 University Drive | Maryville, MO 64468