Tech companies to locate in Roane County business park
Monday January 21, 2008
Two entrepreneurs have purchased the Smith House and 40 acres at Roane Regional Business and Technology Park...
Two entrepreneurs have purchased the Smith House and 40 acres at Roane Regional Business and Technology Park to house several of their high-tech companies.
The purchase by Drs. Sam and Carol Weaver, former owners of Millenium Materials in Knoxville, represent an initial investment of $2.75 million, along with the creation of 50 jobs over the next two years, according to the Roane Alliance.
Their companies that are locating in the park include: Red Diamond Ceramics, a manufacturer of advanced composite ceramic product to be used in ceramic armor that is expected to move into production within six months; Cool Energy Inc., a Colorado company that has developed solar energy part prototypes and is expected to begin production in late 2009; and Proton Power, a startup company developing a new way to generate energy.
The Smith House will become the corporate offices for the Weavers and their companies. As the companies grow, production facilities will be built on the property.
Source: Knoxville News Sentinel
