Ohio Third Frontier Commission announced that the Commission recommended more than $2.7 million in grants through the Ohio Research Commercialization Grant Program to eight Ohio companies to support commercialization of new and innovative technologies. The awards are contingent upon State Controlling Board approval.
FOPAT, LLC., located in Dayton (Montgomery County) was recommended for $349,992 in funding for the rapid commercialization of advanced foam pattern material, a polymer mold to replace traditional wax molds used in the investment casting process. The new polymer mold "evaporates" when molten metal is poured into the casting. The technology offers dimensional accuracy, temperature stability, lower cost, and it reduces tooling time from 12 – 14 weeks to 1 – 2 weeks. The company projects annual revenues of $3 million with 22 new jobs at the completion of the project, and $15 million with 75 new jobs after five years. The funding will be used to hire production and sales manager for production scale-up and generation of sales leads.