Expected to add 51 jobs by 2019
LOUISVILLE, Ky. (June 5, 2017) — Advanced Energy Materials LLC, a Louisville-based manufacturer, has opened a new production facility at the University of Louisville.
AEM makes nano-materials for catalysts used in chemical processing and oil refining. Its new facility is in about 20,000 square feet at 311 E. Lee Street, just north of the Belknap Campus.
AEM has nine employees and plans to hire five more by the end of the year. Total employment is projected to reach as many as 60 by 2019.
Interim UofL President Greg Postel said the move was another success story from the university’s efforts to work with industry, including through the Institute for Product Realization (IPR). He said, “Our Institute for Product Realization was designed as a way for us to pursue these types of new relationships.”
IPR connects companies with on-campus resources for problem-solving and innovation. John Gant, IPR’s director of industry partnerships and alliances, said the university is looking for companies, like AEM, that have an “innovative twist.” He said, “This is exactly the kind of company we want to work with at the University of Louisville.”
Advanced Energy Materials LLC has roots at UofL, and was born from a break-through technology developed at the Conn Center for Renewable Energy Research. The company now has an exclusive license agreement with the UofL Office of Technology Transfer for a portfolio of several patents, which could be commercialized as products for customers.