Q: Where is the future being created?
By NEOinc on Jan 28, 2010 in Akron, News & Updates, Success Stories
A: The Akron Global Business Accelerator, of course (well, at least according to Governor Strickland).
The Governor made the remarks when he was visiting Echogen Power Systems (formerly ReXorce Thermionics) in the accelerator. Echogen is developing an engine that turns the heat thrown off by industrial processes into useful electricity. The company, a tenant of the Akron Global Business Accelerator, employs 20 people, many of them engineers at ”good paying” jobs, Strickland said. Echogen expects to hire an 45 to 65 office employees and 50 to 75 manufacturing employees in the next five years.
Echogen received a $4.3M Third Frontier grant in 2008 that their CEO credited with shaving a year and a half off their development timetable. The company has also attracted millions of dollars from other investors, including the regional business development group JumpStart Inc.
The full story is available over on Ohio.com’s website as reported by Paula Schleis. Paula can be reached at 330-996-3741 or pschleis@thebeaconjournal.com. Follow her on Twitter at http://twitter.com/paulaschleis.


