By City of Oak Ridge
The City of Oak Ridge is proud to support the recent announcement that LeMond Composites, a new company in Oak Ridge offering solutions for high-volume and low-cost carbon fiber, has secured a licensing agreement with Oak Ridge National Laboratory.
The news was made public on August 29 in a release from LeMond Composites. The company, founded earlier this year by three-time Tour de France champion Greg LeMond, focuses on making carbon fiber composites with global applications. The agreement with ORNL will make LeMond Composites the first company to offer these newly developed products to the transportation, renewable energy, and infrastructure markets.
LeMond Composites plans to build their first carbon fiber production line at their recently purchased facility on Palladium Way at Horizon Center in west Oak Ridge. Their first commercially available product is expected to be ready in early 2018.
“I am ecstatic about this unique technological application for carbon fiber in our community,” Oak Ridge Mayor Warren Gooch said. “We look forward to working with LeMond Composites to create jobs and further investment in Oak Ridge.” [Read more…]