UMaine Spinoff
Compotech
In 2023, UMaine spin-off Compotech was named to Inc. Magazine’s 5000 list of the fastest-growing companies in the United States and was listed as the 13th fastest growing manufacturer, with 599% three-year growth. Compotech is bringing innovative advanced defense technologies to market to save lives and protect American soldiers. It designs, develops, and manufactures blast and ballistic- resistant structures and materials. Based in Brewer, Maine, the company is growing rapidly with plans to double its revenue and add 20 high-quality jobs in fields like software engineering, robot operation, and composites technicians in 2023, bringing their total employment to more than 45.
The company’s global reputation for quality and its innovative use of AI and robotics in manufacturing earned it honors as one of the top 12 composites shops in the world for two years in a row. In addition, the company’s Fragmentation Rapid Analysis Generator using Computed Tomography, or FRAG-CT, was named one of the top 100 innovations in 2021 by Popular Science magazine.
They continue to work with the University’s Advanced Structures and Composites Center to develop innovative defense technologies and the Advanced Manufacturing Center to increase productivity by implementing new automation processes with molding and robotics. They also recruit talent from various UMaine programs. In 2023, Compotech took advantage of the Solutions for Maine R&D and Innovation Hub by participating in the Market Match program to explore new market opportunities and by working with Innovate for Maine Fellow Will Carrolton, a UMaine student who hails from Bath, Maine. The company brought on Will as an employee upon completion of his internship.