CRG was named to the annual Inc. 5000 list, considered one of the most prestigious rankings of the fastest-growing private companies in the U.S. The rankings are based on percentage revenue growth from 2018 to 2021, and companies must be U.S.-based, privately held, for-profit, and independent.
CRG saw 98% growth during this period, despite the coronavirus pandemic and other challenges. As of this year, CRG has been named to this list eight times – 2007, 2008, 2009, 2010, 2011, 2015, 2020, and 2022.
According to INC. magazine, the companies on the 2022 Inc. 5000 list have “demonstrated resilience amid supply chain woes, labor shortages and the ongoing impact of Covid-19.”
The Miami Valley area saw 11 companies make this year’s annual list.
CRG’s eAviation spinoff, Lectratek, was one of 19 finalists in the Urban Air Mobility Challenge selected to pitch their capabilities on September 28 in Washington D.C. This will be an opportunity for Lectratek to pitch to representatives from government agencies, Vertical Lift Consortium representatives and members, and leading corporate partners for a chance to earn their piece of $50,000 in prize money.
The Urban Air Mobility acceleration and awards program is sponsored by the Vertical Lift Consortium, the nation’s leading organization rapidly transitioning innovative aviation technologies for the U.S. government. This Challenge is the first in a series of accelerator events aligned with industry, government and military needs and over $50B in Smart Mobility initiatives within the nation’s Infrastructure Law.
Lectratek will pitch and connect its technologies with leading corporate, investment and federal prospectors. Finalists will receive engagement and membership opportunities with the Vertical Lift Consortium, while competing for $50K in non-dilutive funding.
Cornerstone Research Group, Inc. (CRG), with support from licensing partners Kineticure, LLC and Heatcon Composite Systems, Inc., launched the Rapid Cure System (RCS)™ to accelerate the cure of bonding materials throughout production and sustainment life cycles. This makes the RCS a must-have for OEMs and MRO organizations performing in-field and depot repairs.
Successful development of the RCS was accomplished through the Air Force Small Business Innovation Research (SBIR) Program.
The patented RCS is a quick, portable curing system that utilizes safe, localized heating methods and includes multiple, independent control zones. RCS products permit a single user to perform several cure processes concurrently, increasing efficiency and reducing costs. In one use case the RCS can reduce ambient cure time from 24 hours to less than 4 hours, meeting needs driven by 5th generation aircraft.
For more information about RCS products or to place an order, visit Heatcon’s website.
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.”
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.
On Thursday, September 30, 2021, at a “Collider Event,” from 2:00-4:00 PM, at the Wright Brothers Institute, Cornerstone Research Group will be sharing their success story and strategies and helping other small businesses interested in succeeding in the SBIR (small business innovative research) contract process.
CRG is a nationally recognized technology leader in the aerospace and defense field. One of CRG’s greatest accolades is being Ohio’s #1 SBIR awardee – no other company in Ohio has won more SBIRs. CRG is willing and excited to speak about their pathways to success.
At the Sept. 30 event, CRG will be sharing their overall strategy and lessons learned throughout their history. Their Venture Studio leadership team will share insights on the topics below and more.
SBIR and non-SBIR BAA
Working with government customers
Strategies on leading and growing this type of organization
Technology commercialization, including the formation of CRG’s Venture Studio, launched in 2020
CRG was excited to be a part of the Dayton Ohio STEM Ecosystem (DO STEM) Virtual Career Week, May 10-14, 2021, hosted by our community’s newest STEM champions at the Dayton Ohio STEM Ecosystem. The newly formed DO STEM is a collaboration of regional partners committed to leveraging resources and opportunities to engage students in STEM activities throughout the Dayton region.
This career exploration event allowed over 2,000 students from across the region to explore virtual exhibits and attend live Career Talks with professional partners from a variety of STEM industries. These valuable career connections showed students just how many incredible future opportunities are available right in their backyard!
CRG hosted several talks over the course of three days on aircraft design careers, careers in battery engineering, and careers involving composites.
CRG teamed with Battle Sight Technologies to develop and mass produce a special crayon for warfighters, first responders and disaster-relief workers.
Dubbed CrayTac, this device allows troops to write messages or draw complex figures on walls, sidewalks and other surfaces. The markings are invisible except to someone wearing night-vision goggles. Troops can use CrayTac to mark vehicles and other equipment so they can be identified in low- or no-light situations. It also can be used in place of a glow stick to mark a room as cleared.
To achieve Battle Sight’s longer-term goals, it needed more manufacturing capacity, prompting them to team with CRG. The collaboration ultimately resulted in Battle Sight gaining enough production capacity to shift from building CrayTacs by hand to making them in large batches. CRG’s improvements to manufacturing included formulation changes as well as novel process development.
In 2019, the Air Force SBIR program awarded a Phase II contract for this project. The funding has allowed Battle Sight and CRG to progress from making CrayTacs by hand to developing the ability to produce hundreds in an hour.
Inc. magazine revealed that CRG was one of three Dayton-based businesses to make the Inc. 5000 Regionals: Midwest 2021 list of 250 fastest growing companies. The Midwest region covers a 12-state territory that includes Ohio, Indiana, Illinois, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wisconsin.
The Inc. 5000 rating looked at revenue growth from 2017 to 2019. CRG ranked No. 152 with a growth rate of 93%.
The FAA is coming out with new rules requiring that drones have no exposed rotating parts — good news for Lectratek’s ducted fan propulsion systems. The final rules will be released in January.
Under the Operation of Small Unmanned Aircraft Systems Over People rules, drones will be required to have no exposed rotating parts that could potentially lacerate human skin. For example, if the propellers that provide lift and thrust for the small unmanned aircraft are internal to the unmanned aircraft, such as in a ducted fan configuration, and are incapable of making contact with a person as a result of an impact, then the parts would not be exposed, and the aircraft would satisfy this proposed requirement.
Lectratek is poised to provide the suitable propulsion systems as well as lightweight batteries required for electric flight.