(07/13/09) - A company started by a
University of Akron dean and a professor is growing and now moving into Akrons
Biomedical Corridor.Akron Polymer Systems (APS) is a materials development firm founded
by Dr. Frank W. Harris, UA distinguished professor emeritus of polymer science, and Dr.
Stephen Z. D. Cheng, dean of the UA College of Polymer Science and Polymer Engineering.
Dr. Harris is president and CEO and Dr. Cheng is chief technical advisor for the company.
APS focuses on innovating new and novel materials for the development of next generation
information displays, alternative energy sources, and biomedical
devices.
Akron Polymer Systems areas of expertise include:
- Optical Films
- Fuel Cells
- Flexible Displays and Photovoltaic Cells
- Aerospace Materials
- Biomedical Materials
Akron Polymer Systems has an agreement with the City of Akron to lease roughly .88
acres of land and the building at 62 North Summit Street to construct a new office/lab/and
production facility.
The company will redevelop the existing building at 62 North Summit and construct a
9,700 square foot addition, at an estimated cost of $1.2 million. The City will demolish
44 North Summit in order to provide two dozen parking spaces for the expanded facility.
Bob Bowman, deputy mayor for economic development said, "They were outgrowing
their space on Gilchrist Road and needed about 15,000 square feet for offices, labs and
production. We had what they needed and they have what we need; its a good
fit."
Akron Polymer Systems was approached by communities in South Carolina and within Ohio
about relocating from its current Gilchrist Road location. The company determined that
staying in Akron to build upon its relationship with UA and to grow at within the
Biomedical Corridor was best for its future.
The City of Akron purchased the property and buildings at 44-62 North Summit Street in
2006 for land banking purposes at a cost of $675,000. There are currently existing
commercial buildings located at 44 and 62 North Summit Street; 56 North Summit Street is
currently a vacant parcel used for parking.
END