LARAMIE, WY, NOVEMBER 21, 2008: Firehole Technologies, a supplier of computer-aided design software for composite materials to the aerospace, defense, automotive, and energy industries, has recently graduated from the Wyoming Technology Business Center (WTBC) and announced their decision to expand into Downtown Laramie, WY. Firehole will be relocating to a larger facility to accommodate its recent growth. They have selected a renovated loft in Downtown Laramie.
"This is a really exciting time for the company," says Jerad Stack, CEO of Firehole Technologies. "Since we moved into the WTBC 2 years ago, our growth has exceeded our expectations. Now, we are well positioned to enable a host of industries trying to use composites to make their products lighter, stronger, safer and more fuel efficient."
Firehole examined a variety of possible locations for their new headquarters and chose to stay in Laramie for numerous reasons. "We see significant growth in our future, and Laramie is the ideal place for us to grow. We have a long history of working with the University of Wyoming. Having the university here gives us access to great technical talent as well as UW’s 30+ year history of research into composite materials. Laramie is also home to a number of other software companies, and there is some synergy that can come from that," said Stack.
"We are extremely pleased about Firehole’s decision to expand into Downtown Laramie. Firehole is exactly the type of company with entrepreneurial spirit we want to foster and grow in our community", said Gaye Stockman, CEO of the Laramie Economic Development Corporation.
With their relocation due to be completed by the end of November, Firehole will be able to greet their international client base in historic downtown Laramie. This move enables them to accommodate their rapidly growing business and room to double the amount of employees in the next two years.
Jason Gies, Firehole's Director of Technology outside the company's new headquarters in Downtown Laramie
About Firehole Technologies Inc.
Firehole Technologies supplies innovative computer-aided simulation software and
services for composite materials to the aerospace, defense, automotive and energy
industries. Firehole’s Helius:MCT™ software enables the design of composite
structures without the numerous expensive testing cycles traditionally deployed,
allowing for a faster time-to-market and more reliable designs. The company’s mission
is to enable wide-spread use of composite materials leading to lighter, stronger
and more fuel efficient applications. For more information, visit
www.fireholetech.com.
Contact:
Jason Gies
Firehole Technologies Inc.
+1-307-460-4763
# # #