July 23, 2019
Meeting was called to order by Carol Johnson at 7:32am. Jack led the flag salute.
Gerry moved to accept July 26 meeting minutes, seconded by Matthew. Motion passed.
Chris Hardman, Brendan Meyer, Jason Bringhurst of Professional Cable, Maury Modine, Ann Marie Henninger.
Peggy announced Kiwanis this Thursday will host Commissioner Randy Johnson.
Carol is looking for help in the Clallam County Fair Kitchen, all money raised goes back to the fairgrounds.
Program: Dave Walter, CEO of Composite Recycling Technology Center
Dave comes from a 35 year career with DuPont, retired 2016, and in 2017 joined CRTC. They are a 501c3 making products with carbon fiber scrap. Virgin carbon fiber comes mostly from Toray in Tacoma and is normally used in planes. CRTC is a tenant of the Port where they manufacture and develop products and are co-housed with Peninsula College where students can earn an AA degree.
Their portable pickleball net has 2 patents and they’ve shipped almost 2000 so far. The Olympus Bench is being used by City of PA in their conversion of wood benches. Pal’s Place is a bench for schools. More products are removable deck railings, Doinker Archery Stabilizers, Benaroya wood panels, and orthotic springs which they’re working to get into VA hospitals.
A future project could be using carbon fiber for cabling instead of plastic for vertical farming using kelp and shellfish. This also restores water.
Advanced CLT uses thermal modification. Wood becomes more stable, rot resistant, mildew and bug resistant. They will use coastal western hemlock and add carbon fiber strips. Patent is pending. It’s quiet, efficient, up to R32I, and a 250sf home could go up in 2 days, 1800sf up in 8 days. Uses include portable or disaster housing, multi-family housing, schools are reconfigurable walls, small homes, and durable low income housing. A mini CLT mill and thermal modification facility in the area will be required. CRTC is doing trial development and proof of concept.
In August they will have their 4 year anniversary and now have 21 full time staff.
Financial aspect of business: they are not for profit with no shareholders but larger projects would require investors. They may require spinoffs for some projects. They will continue writing state and federal grants. They hope to be self-sustaining by end of year. They are at about $2M in revenue and expenses now.
Most of the original money went in to the building which is still publicly owned per Colleen McAleer. Hemlock doesn’t command a premium price for construction. Spinoffs are anticipated but may be too fast for opportunity zone investors. They need to show a tangible product.
The pickleball nets are $300 and the braces are sold through orthotics businesses including Cornerstone in Sequim. Competitive pricing performance is key.
There is ample material from Toray. Globally about 50 million pounds goes back to landfill. They are trying to grow a recycling community. If something is already cured, it can still be used but they don’t do it onsite.
Product can be painted with 2-part epoxy, but the original will always be black.
Material can be purchased through their website.
Builders don’t need much specialized training.
Diabetic braces are different than the orthotic braces and give compression around muscle.
Their CNC machine cuts an aluminum mold, it’s filled with carbon fiber, and that is how they make the mold for benches.
Carol announced the Future Builders Leaders of America award at PAHS which includes Kay’s son.
Meeting adjourned at 8:30am.