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Print Edition StoriesWednesday, September 1, 2010
Tech across New England
Cheap Tubes becoming the go-to carbon nanotube reseller
By Mass High Tech Staff
UMass President Jack Wilson on Entrepreneurship
MHT's Emerging Technologies Forum: Health IT and the Cloud
Cheap Tubes Inc.
Location: Brattleboro, Vt.
Web: www.cheaptubes.com
Phone: 802-254-6969
Founded: 2005
Top executive: Michael Foley, president
Industry: Carbon nanotubes and graphene supplier for companies and researchers
Cheap Tubes Inc. has become one of the major resellers of carbon nanotubes (CNTs) for commercial or research use. The Vermont company can supply carbon nanotubes in various flavors, from single-walled to multi-walled, as well as nanotubes treated with graphite to make them more electrically conductive. In fact, the company now specifically highlights the fact that it sells conductive nanotubes for use in lithium-ion battery applications. Cheap Tubes was founded in 2005 by Michael Foley, who has held various manufacturing positions with high tech companies such as Raytheon Co., Analog Devices Inc. and Digital Equipment Corp., among others. Cheap Tubes sells its nanotubes to customers such as NASA, E. I. du Pont de Nemours and Co. (DuPont), 3M Co., Rensselaer Polytechnic Institute, and engineering giant Bechtel Corp., among others. In addition, Cheap Tubes has approval to sell its CNTs overseas, where allowed by law, and has customers in Canada, United Kingdom, Germany, France, Italy, Australia, Japan, Romania, South Korea, Singapore, Taiwan, China, South Africa, Brazil, and other countries.
From the top, Michael Foley: “The CNT market is still in the hundreds of millions of dollars and is expected to grow at a compounded annual growth rate of 34 percent from 2009 to 2014, catapulted mainly by the increasing market size for current as well as newer CNT applications. The electronics industry, aerospace and defense, and automotive industries will be the key areas for growth in market size. Cheap Tubes is growing at the same rate as the market is forecasted to grow.”
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