Smart Tooling Used in Manufacture of Defense Systems via CRG Spinoff, Spintech Holdings
Developed under funding from the Air Force SBIR program starting in 2002, CRG’s smart tooling technology was assigned to Spintech Holdings, Inc., a CRG spinoff, in late 2010 for driving product evolution, sales, and manufacturing. Spintech has successfully completed multiple funding rounds, which includes funds from institutional investors, to drive product evolution and growth in the business. CRG began as the majority shareholder, but now enjoys a healthy minority position. CRG’s Smart Tooling had received more than $20M in non-SBIR RDT&E funding for tech maturation from the DoD and commercial partners prior to spinning off the technology.