Karman Space & Defense Acquires CRG’s MG Resins

Karman Space & Defense, backed by Dallas-based private equity firm Trive Capital, has partnered with CRG to acquire the MG Resin family of technologies formerly marketed through Mach 5 Materials. The acquisition of MG Resins represents a significant expansion of Karman’s core competencies in integrated composite systems for space and defense applications and assures their leadership in the carbon/carbon market.

CRG developed the patented MG family of resins to address the growing need for ultra-high-temp materials with higher char yields, improved processability, and reduced cycle times. CRG designed an innovative solution that enables the production of best-in-class, high-strength carbon-carbon parts at temperatures above 1200 °C.

Karman Space & Defense is one of the largest independently owned suppliers of mission-critical flight hardware and complex sub-assemblies to the space, missile, and hypersonic markets. They provide design and engineering, precision machining, large part forming, high-temperature and structural composite material processing, and sub-assembly services, while actively adding new capabilities in collaboration with customers.

Pat Hood, CEO of CRG, commented, “We are excited to partner with Karman and believe their set of differentiated capabilities, capacity and talented team makes them the right strategic partner to deliver the MG Resin value proposition to customers across the space, missile, defense and hypersonic supply chains. We believe joining forces with Karman will accelerate the commercialization of carbon-carbon technologies, and we look forward to creating value for customers.”

Read the press release here.

CRG lands $206K to fund new transformer tech

CRG has landed $206K in federal funding to develop a new solid-state transformer that aims to improve the resiliency of the nation’s power grid.

CRG is one of 259 grant recipients to receive a portion of the $53M total funding awarded by the Department of Energy (DOE) last week through its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

With this funding, CRG will develop a solid-state transformer with an embedded digital twin for predictive maintenance, a technique that can pinpoint repair or replacement of electronic components nearing the end of their useful life. Predictive maintenance reduces the total life cycle costs of the installed system, ultimately reducing the cost passed on to consumers. Additionally, this technology will improve the resiliency of the grid by reducing power outages, which cost the U.S. economy $150B annually.

Once demonstrated, this technology will be capable of  expanding to use in a wide range of products, including power conversion systems in electric vehicles and aircraft.

“Supporting small businesses will ensure we are tapping into all of America’s talent to develop clean energy technologies that will help us tackle the climate crisis,” said Steve Binkley, Acting Director of the DOE’s Office of Science.

Read the full Launch Dayton press release here.
Read the DOE announcement here.