H&V Announces Follow-On R&D Grant Award by Virginia Tobacco Commission

EAST WALPOLE, Mass., Oct. 19, 2016 /PRNewswire-iReach/ -- Hollingsworth & Vose, a global manufacturer of advanced materials for filtration, battery separator, and industrial applications, today announced that the Virginia Tobacco  Region Revitalization Commission has awarded its Floyd facility a $500,000 follow-on R&D grant.  The H&V proposal was ranked the highest among the 7 grants submitted and passed through the committee without question. 

Phase I of the grant was received in 2011 when the Virginia Tobacco Commission awarded H&V's Floyd facility $750,000 to work on next-generation filtration media. The grant also helped bring additional jobs to the Floyd facility.  During Phase 1, Floyd scientists pursued research to evaluate new technology platforms by creating laboratory prototypes and testing ideas and technologies internally.  Phase II funding will focus on moving specific areas and products from prototype to commercialization.

Vince Hatcher, Site Manager, commented, "H&V has been operating in Floyd for over 40 years.  We are fortunate to have a lot of talented people and excellent support from Floyd County and the State of Virginia.  This grant will help us commercialize advanced filtration media products and continue to grow in key markets."

About the Virginia Tobacco Region Revitalization Commission

The Virginia Tobacco Revitalization Commission was created in 1999 by the VA General Assembly to disperse the settlement from the lawsuit brought against the tobacco companies by many states attorney generals.  The funds from the lawsuit are intended to accomplish the economic revitalization and diversification of Virginia's tobacco-growing region through seven grant programs.

About Hollingsworth & Vose

Hollingsworth & Vose is a seventh generation family-run company and a global leader in the supply of advanced materials for filtration, battery separator and industrial applications. The company operates manufacturing sites and research centers in the Americas, Asia, Europe, and India and is headquartered in Massachusetts, USA.  For more information, visit www.hollingsworth-vose.com.

Media Contact: Cathy Aikman, Hollingsworth & Vose, 5088502182, cathy.aikman@hovo.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Hollingsworth & Vose



2016

Tags

HVAC (Heating, Ventilation and Air-Conditioning), Machinery, Mining & Metals, Paper, Forest Products & Containers, Tobacco, Contracts, Venture Capital, Awards


Need Help