Portland tech firm MedRhythms secures $25 million funding round

(From Portland Press Herald) Portland-based, MedRhythms secured $25 million in venture capital funding to expand its operations. The company uses music and artificial intelligence to help people with neurological injuries or diseases. Early support from MTI played a significant role in MedRhythms' growth and development. Read more »

Wiscasset’s Peregrine, partners plan Pittsfield project

(From Wiscasset Newspaper) Peregrine Turbine Technologies, LLC announced an "international collaboration to field a commercial grade, long duration, thermal energy storage (TES) pilot plant." MTI has provided on-going support for the company and its energy conversion and storage technologies.
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Soaring seaweed demand drives York County food processor to quadruple its space

(From Mainebiz) Due to increasing product demand, Saco-based Atlantic Sea Farms will be moving to a larger industrial space in Biddeford. The company's CEO, Briana Warner, rebranded Ocean Approved, Inc. as Atlantic Sea Farms and was the first commercially viable business to introduce domestic, fresh seaweed products to the marketplace. (Ocean Approved, Inc. received early SBIR support from the MTI TAP team.) Read more »

ORPC’s RivGen Power System to be highlighted at 2021 Alaska Regional Meeting

(From NHA Powerhouse) Portland-based company, ORPC Inc.’s first river energy project, RivGen® Power System, has been operating successfully in Igiugig, Alaska. This technology converts a river's kinetic energy into electricity. One of the featured presentations during the National Hydropower Association’s 2021 Alaska Regional Meeting will focus on the RivGen Power System. Read more »

Gorham microwave firm unveils North Carolina acquisition

(From Mainebiz) Gorham-based holding company, Microwave Techniques LLC - created from a merger between Mega Industries, of Gorham, and Ferrite Microwave Technologies of Nashua, N.H. - acquired all of the assets and intellectual property of Industrial Microwave Systems LLC, in Raleigh, N.C. Read more »