• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Anania & Associates Investment Company, LLC

  • Home
  • Investment Focus
  • Team
  • News
  • Portfolio Companies
  • Contact

MEGA Industries LLC Receives $2.6 Million Dollar Contract from Facility for Rare Isotope Beams

February 2, 2015

For Immediate Release

MEGA-Industries-RF-Manufacturer

MEGA Industries LLC (MEGA) was recently awarded a $2.6 million contract to supply critical components for the Facility for Rare Isotope Research (FRIB), being built at Michigan State University  (MSU) in East Lansing Michigan.

The overall program is estimated to cost upwards of three quarters of a billion dollars and is funded by the nuclear physics arm of the Department of Energy. MEGA’s role will include the manufacturing of precision linear accelerator RF components for the program.

More information FRIB

FRIB will be the largest nuclear research project in North America when finished in 2022 and will support the global study of rare isotopes. This research will not only lead to a greater understanding of the origins of the stars and planets; but also paves the way to more effective treatments for cancer and disease.

FRIB is expected to serve around 800 of the world’s leading nuclear scientists a year. The facility will accelerate ionized atoms using MEGA’s waveguide down a 500-metre-long series of tunnels causing them to shatter against the target producing beams of rare isotopes. This process is at a higher intensity than at any other facility in the world. It is predicted the fragments could include thousands of isotopes never seen on Earth.

More Information on the Contract

Peter Matthews, CEO of MEGA comments on the reasons why MEGA was chosen, “MEGA received the award after a merit based review and competitive bidding process. The award builds upon recent momentum here at MEGA and opens the doors for future contracts with FRIB as well as other organizations.” MEGA expects this to be the first of several awards they will receive as MSU completes this extensive facility.

Henry Downs, Vice President Engineering, comments that MEGA “Looks forward to working closely with the FRIB managers and engineers designing and manufacturing components that are at the heart of this leading edge LINAC. Our work on this project helps to further solidify our position as leaders in high energy physics.”

About Anania & Associates Investment Company LLC

Anania & Associates Investment Company LLC (AAI) is a Maine based and focused private equity firm that partners with management teams acquiring and building companies with a high potential for growth. Founded in 2008 the fund currently has 8 portfolio companies representing over 450 employees and $75 million in revenue.  AAI is a long term, regionally focused investor focused on supporting sustainable growth for its portfolio companies which include: Biovation II LLC, Elmet Technologies LLC, Grow-Tech LLC, Lighthouse Imaging LLC, MEGA Industries LLC, mWAVE Industries LLC, Synergistic Software Solutions LLC & TrakTec LLC.

 

 

 

Filed Under: 2015 Tagged With: Anania & Associates Investment Company, MEGA Industries

News

Lighthouse Imaging Acquired by Precision Optics

October 5, 2021

Microwave Techniques, LLC Acquires Industrial Microwave Systems (IMS)

July 7, 2021

AAI Announces DAVO Technologies Assets Acquired by Avalara

April 22, 2021

AAI Announces Acquisition & Launch of Poly Labs

November 30, 2020

Mega buyout of RYMSA, signing of five-year Noncompetition Agreement

March 11, 2020

Press Releases

  • 2011 & Older
  • 2012
  • 2013
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2020
  • 2021

Anania & Associates Investment Company LLC

2 Portland Fish Pier, Suite 214
Portland, ME 04101

  • Connect
  • Terms of Use
  • LinkedIn
Copyright © 2023 Anania & Associates Investment Company, LLC | Design by Overlock Design Co.