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2022 Mainebiz Business Leaders of the Year: The Large Company Business Leader of the Year, Oakes has served as CEO of Sea Bags since 2013. Under his watch, the maker of totes and accessories from recycled sails has doubled down on growth, despite
The funding will allow the Kittery-based shipyard to work on more advanced Navy submarines — and keep working going well into the future.
Like the Inc. 5000, the regional rankings are based on each company’s revenue growth, as a percentage, over a three-year period. On average, the companies in the Northeast had a growth rate of 208%.
The investment follows the acquisition last year of a larger warehouse and distribution center in North Jay to accommodate growing demand.
The lab is proposed to expand UMaine’s Advanced Structures and Composites Center and support advanced technologies such as artificial intelligence, high-performance computing and arrays of large 3D printers.
When complete, the 1.4-megawatt array in Brewer is expected to offset 1,670,900 pounds of carbon annually.
For its next rocket launch, the company is in discussions with Kennedy Space Center in Florida, but will continue to search in Maine for a future launch site and manufacturing plant.
Grants have been awarded to 224 companies, the vast majority of which are in rural parts of the state.
A Maine investor views industrial property beyond Greater Portland as a hot commodity, thanks to the cannabis market, e-commerce and startup activity.
More Maine companies are looking to automated systems to speed operations, grow capacity, and in some cases fill in for workers they can’t find. But those aren't the only benefits, the businesses are discovering.
The test was the first of a series that’s expected to culminate later this year in the launch of full-sized commercial rocket, powered by a bio-derived fuel, into low-Earth orbit.
The plant, owned and operated by onsemi since 2016, is expected to change hands in the next quarter. In 2021, onsemi laid off hundreds of employees worldwide, including some in South Portland.
The longer of the two prototype vessels is the largest 3D-printed object in the world. They’re capable of transporting two shipping containers and a Marine rifle squad with three days of supplies.
Casco Bay Lines is one of the first passenger ferry systems in North America to implement the technology. Electric propulsion is expected to eliminate exhaust fumes, excessive engine noise and vibrations.
Hiram-based GrandyOats has changed its name to Grandy Organics, which is now run by CEO Aaron Anker after buying out long-time partner and COO Nat Peirce.
Hussey said the sale was necessary due to double-digit growth of sales in telescopic platforms, telescopic bleachers and fixed seating products during 2020 and 2021.