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Harbor Technologies Receives Development Grant

Maritime Activity Reports, Inc.

August 25, 2006

Harbor Technologies, Inc., a provider of innovative and cost-effective composite solutions to the marine infrastructure market, announces that it has received a $418,500 development grant from the Maine Technology Institute to purchase and further develop a machine to produce composite marine pilings in a continuous manner.

Harbor Technologies will utilize technology known as pultrusion to manufacture its pilings, and will enhance this mechanical process using its own engineering and design methodology so that it can speed up the production of its marine pilings. Harbor Technologies also will develop a mechanism to join multiple pilings together for applications that require piling lengths over 40 feet. This joint mechanism will enable builders to avoid the high cost and risk of shipping large pilings by assembling them at the job site. It also will enable Harbor Technologies to offer a wider product line and stock inventory of standard-sized pilings.

Composite materials eliminate many of the problems associated with traditional marine materials. This is the fourth investment that Harbor Technologies has received from the Maine Technology Institute to develop its line of advanced composite material products.

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