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FOR IMMEDIATE RELEASE
CONTACT: Amy Auth
202-225-2071

United States Rep. Virginia Foxx (N.C.-5) is pleased to announce that she has secured $3.4 million for research and development at NanoTechLabs in Yadkin County. This funding will be used to develop nanotechnology-based defense products to keep our military safe.

“I am delighted that these vital funds I have been fighting for were included in the Defense appropriations bill,” said Rep. Foxx. “Once NanoTechLabs completes its research, the military will likely want to develop more of their products. This has the potential of bringing dozens of new jobs to Yadkin County.”

“The funding secured by Rep. Foxx will have a significant economic impact for Yadkin County and create ‘high tech, high skilled’ jobs that are critically needed in Northwestern North Carolina,” said Bobby Todd, Executive Director of the Yadkin County Chamber of Commerce. “Many of these jobs will require advanced degrees that will pay well above average wage in the county.”

The $3.4 million will be used primarily to develop a new class of military aircraft sealants for Stealth fighter jets. While these fighters are constructed to resist radar detection, their binding materials typically do not. NanoTechLabs will use the funding to develop sealants that conduct electricity and resist radar detection.

“This is a win-win situation. Not only is this research important for boosting our local economy’s growth, it will help keep our brave men and women in uniform safe,” said Rep. Foxx.

NanoTechLabs (NTL) is a veteran owned, high-growth nanomaterials company that develops and commercializes custom and specialty materials to solve urgent defense needs. NTL’s 8,000 square foot manufacturing facility is located in the JF Industrial Park in Yadkinville, N.C.

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