Core Technology Selects Gateway University Research Park for Expansion

GREENSBORO, N.C. – June 28, 2017 – Core Technology Molding Corporation, a leading injection molding firm, will expand its operations to the South Campus of Gateway University Research Park, a collaboration between North Carolina A&T State University and The University of North Carolina at Greensboro. To accommodate Core Technology, Gateway will build a new 70,000 square foot facility with Core Technology as the anchor. A ceremonial groundbreaking is tentatively planned for late-July or early August.

Gateway University Research Park was designed to facilitate collaborations between researchers and businesses. Through the Universities’ Joint School of Nanoscience and Nanoengineering, Gateway University Research Park provides access to state-of-the-art capabilities for product development, analytical services, materials testing, analysis and evaluation.

“This is a unique opportunity to assist a fast-growing company with its expansion needs. Core Technology manufactures many of the components inside items we use daily, from automobiles to lawn tractors to video games,” said John Merrill, executive director of Gateway University Research Park. “We’re very excited to have Core Technology as a new partner and hope to use this relationship as a model for working with more local businesses. We’re also excited to have the City of Greensboro partnering with us on this exciting new project.”

On an annual basis, Core Tech hires students for internships and permanent employment from NCA&T. In addition to research partnership opportunities with the JSNN, College of Engineering, and the College of Sciences and Technology, the relocation of Core Tech will enhance the classroom experience for the students at NCA&T, including the addition of a potential plastics engineering concentration to the Applied Engineering Technology discipline. The closest Plastics Engineering Technology program is at Pennsylvania State University (Penn State).

Additionally, for the last two years, Core Tech has been a mentor for the Senior Internship Graduation project at the NCA&T STEM Early College. The students visit Core Tech on a weekly basis, obtaining an understanding of the business. At the end of the project, the students present a business plan providing recommendations to Core Tech on improvements to business and manufacturing processes.

Core Tech’s existing list of customers is a who’s who of significant, highly successful, prospective global companies such as: BMW Manufacturing, Merck, Altria, Parker Hannifin, Newell Rubbermaid, and Husqvarna, Kontrol Freek (provider of gaming components for PlayStation 4, XBOX 1, and Nintendo) to name a few.

“Given the many options we evaluated for expanding Core Technology Molding, the opportunity to move our operation to the Gateway University Research Park and to further strengthen our existing partnership with North Carolina A & T State University was too valuable to pass up,” said Geoff Foster, CEO/President. “We’re extremely excited to be a part of this new facility and look forward to growing our company and building on the innovative culture of our organization.”

About Core Technology
Core Technology Molding provides expertise in injection molding, marketing, engineering, and manufacturing. As a Tier 1 supplier to a number of Fortune 500 companies, Core Technology provides integrated and innovative plastics solutions to its customers. Core Technology manufactures in a 3rd party certified, ISO 9001:2015 facility that includes a certified Class 10,000 (ISO 7) clean room and a Class 1,000 (ISO 6) medical clean room. Core Technology is a certified MBE (Minority Business Enterprise) by the Carolinas Virginia Minority Supplier Development Councils, Inc. www.carolinasmsdc.org which is an affiliate of the National Minority Supplier Development Council. Inc. Core Technology Molding Corporation utilizes its existing assets, businesses and resources to discover new solutions by fostering the creativity of our people and our customers.

About Gateway University Research Park
Gateway University Research Park is a partnership between North Carolina A&T State University and The University of North Carolina at Greensboro for the purposes of research and economic development within the Triad. The Universities’ mission is to develop state-of-the-art research facilities for cutting-edge work in the life and physical sciences, engineering, technology and other applied areas. Gateway University Research Park is envisioned as a premier center for basic and applied research, with the potential for the incubation and development of new technologies. For those who may be interested, Gateway has numerous leasing options at its North and South Campuses. For more information, visit www.GatewayURP.com.

As part of Gateway’s on-going efforts to advance its overall core mission and to attract new companies and strategic partners to its campuses, the need has developed to construct the new 70,000 square foot building. Once complete, this new building will include office, manufacturing, laboratory, warehousing, and distribution uses. The estimated cost for the project is $11.7M with Gateway University Research Park contributing $10.5M and the City of Greensboro contributing $1.2M.
Core Technology Contact:

Geoff Foster
President
(336) 294-2018
Gateway Contact:

John R. Merrill
Executive Director
(336) 375-9232