News Archive

Yost Labs Closes $1 Million Series A Funding

Robotics Tomorrow

Yost Labs, inventor and producer of the world’s most responsive and accurate gesture-tracking technology, announced a Series A investment of $1 million from a group of Ohio-based investors. This strategic investment is focused on efforts to accelerate market adoption of Yost Labs’ innovative sensors and real-time human movement motion-capture systems.

One of the new products Yost Labs is launching is a next-generation Attitude Heading Reference System (AHRS)/Inertial Measurement Unit (IMU) sensor that is designed to bring aerospace-grade inertial tracking to the consumer…

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Made Here: Logan company builds rods, tubes for top-selling trucks

The Columbus Dispatch

If you drive a stick-shift Jeep Wrangler, the device you use to change gears is made at a factory in Logan.

That is one of hundreds of parts made by Amanda Manufacturing, an auto-parts supplier whose sales are soaring along with U.S. demand for trucks.

Many of the parts are rods or tubes that are cut and formed for use all over cars and trucks, including a truck’s rear hitch and the metal loop that acts as a catch for a door latch.

“We take on the tough stuff,” said Mike Hood, the vice president for manufacturing, on a recent tour.

His statement has a double meaning, referring both to the strength of the parts and to the difficulty of the engineering that often goes into their design.

The company has about 250 employees and is hiring. Employees in the factory, members of the United Auto Workers union, receive base pay plus bonuses that are…

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Job Expansion

The Morgan County Improvement Corporation (MCIC) along with Jobs Ohio, Appalachian Partnership for Economic Growth (APEG), Morgan County Herald newspaper, and the Morgan County Commissioners’ and Business Development Office were invited on a tour of the Miba Sinter and MetalAxis facility, in McCon­nelsville, on Friday, Feb. 26.

“Miba Sinter and MetalAxis, today, employees 220 white and blue collar employees,” said Miba Sinter Site Manager Steve Krise. “When I came to Morgan County, Ohio, from PA, in 2009, Miba had three employees, including myself. In 2010, Miba Sinter employed 35 people. In the next two to three years, Miba Sinter, in McConnelsville, will hire even more people from the area and could employ a total of 350 individuals by the time the plant is full.”

The steady growth of Miba Sinter is impressive for the Morgan County area and its employee base.

The Morgan County Improvement Corporation actually owns the Miba Campus and has…

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Program seeks to boost profile of wood-products industry in SE Ohio

The wood-products business in Ohio contributes an estimated $22 billion a year to the state’s economy. While that may sound like a lot, Craig Rosenlund thinks the number could and should be higher… a lot higher.

Rosenlund works with the Appalachian Partnership for Economic Growth in Nelsonville, where he is senior product associate for a program to boost the wood-products industry in a 32-county region. He has more than three decades of management and operations experience in the field, in both domestic and international markets.

Rosenlund is not the only person to think wood products in the Buckeye State have significant, untapped potential. The U.S. Small Business Administration believes the same.

The agency is putting money where its mouth is, to the tune of up to $2.5 million, for the Forest Products Innovation Cluster Initiative.

An SBA contract – awarded last…

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