WEST LAFAYETTE — A Purdue University-affiliated startup that developed a high-performance, solid rocket fuel for long-range missile and space launch systems plans to construct a new manufacturing facility at Purdue Research Park in West Lafayette.
Adranos, which obtained $5.1 million in land, funding and tax credits from the Purdue Research Foundation and the Indiana Economic Development Corporation, plans to create up to 50 jobs by the end of 2025. The company will begin hiring technicians, engineers and other staff in late spring 2021, according to a news release.
Adranos will manufacture the rocket fuel ALITEC, which supports launch systems, including hypersonic systems, at the 5,500-square-foot facility located at 3701 Yeager Road.
“ALITEC’s performance benefits make it an ideal solution for any solid rocket system that is seeking to extend range, increase payload capacity, or reduce rocket form factor,” Adranos CEO Chris Stoker said. “This facility will enable us to scale these solutions to the large volumes that will be required by our customers.”
Funding from the IEDC includes up to $525,000 in tax credits and $200,000 in training grants, along with up to $500,000 in tax credits from the Hoosier Business Investment tax credit program. All are conditional and cannot be claimed until jobs are created.
Adranos was recently awarded more than $3.2 million in government contracts, was named to Pepperdine University's Most Fundable Companies list and received the grand prize at the U.S. Army's xTechSearch competition.
People interested in a position with Adranos can apply online.