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Composite Technology Investors LLC Acquires Vector Composites Inc

25 June 2010

Composite Technology Investors LLC has recently completed the purchase of Vector Composites, a small business contractor providing composite structures development and fabrication services for aerospace applications, from DR Technologies, Inc.

Vector Composites, Inc. (VCI) has a 30,000 sq foot facility that is fully set up for composite parts production and has an AS9100 certification for aerospace production. VCI was recently awarded a major United States Air Force Research Laboratory (U.S. AFRL) Small Business Innovation Research (SBIR) “Critical Phase II” programme, with US$4 million funding authorization to assess the use of the Quickstep out-of-autoclave composite manufacturing process for F-35 Joint Strike Fighter parts.

VCI is teamed with Quickstep Composites LLC to conduct this program. VCI is also conducting other U.S. AFRL R&D contracts focused on nano-composites manufacturing and multi-functional composite electronics enclosure technology development and demonstration. VCI provides composite parts fabrication services using autoclave, resin transfer molding, Quickstep, and out-of-autoclave processing.

VCI will be pursuing both R&D in advanced composites as well as composite production contracts. Current expertise includes out-of-autoclave processing of BMI resin systems, RTM of complex structures, nano-composite structures, and composite electronic enclosures. VCI equipment include an 8' x 8' x 30' oven, 4' by 6' autoclave, 5,000 square foot clean room, automated ply-cutting table, paint booth, 50-ton press, and large 5-axis router. VCI has also supported the local Dayton region by training over 100 displaced autoworkers in the last year for composite manufacturing jobs as part of a State of Ohio training program.

Composite Technology Investors LLC (CTI) is an investment holding company founded by Lyle Dunbar, Chief Executive Officer of Ledcor Enterprises. The CTI mission is to create value for its members through acquisition and management of companies engaged in the development and production of advanced materials and composite technology products for aerospace, defence, and selected commercial applications. Vector Composites, Inc. Dayton, Ohio, is the first CTI acquisition, and other initial acquisitions are in evaluation.






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