O’Neill Power Systems joins UMass incubator

O’Neill Power Systems, an early stage company based in Lakeville, Mass., that manufactures lightweight helicopter engines for unmanned aerial vehicles, has joined the University of Massachusetts Dartmouth’s Advanced Technology & Manufacturing Center. More

To continue reading this article, please do one of the following.



technology

O’Neill Power Systems joins UMass incubator

Posted 12/11/13

DARTMOUTH – O’Neill Power Systems, an early stage company based in Lakeville, Mass., that manufactures lightweight helicopter engines for unmanned aerial vehicles, has joined the University of Massachusetts Dartmouth’s Advanced Technology & Manufacturing Center.

The UMass center is an incubator for emerging companies like O’Neill, providing structure and resources to help them develop into technology and manufacturing leaders in New England and beyond.

“O’Neil is a great addition to the Advanced Technology & Manufacturing Center. We are excited to provide them access to state-of-the-art facilities, university resources and technical expertise to enhance [the company’s] competitive position within its industry,” said Paul Vigeant, director of the Advanced Technology & Manufacturing Center.

O’Neill’s coaxial counter-rotational engine, called The NorEaster, is designed for use inside an unmanned helicopter with a lift capacity of 400 lbs. Such unmanned aerial vehicles, or UAVs, gained public attention last week when Amazon unveiled its prototype package-delivery drones.

In 2012, The NorEaster was named one of the top 10 inventions of the year by Popular Science magazine.

“Our innovative NorEaster technology will satisfy the unmet lightweight UAV power system needs for the defense, agriculture and other civilian markets,” said Jim O’Neill, founder and president of O’Neill Power Systems. “An important part of building toward that future will be the growth and innovation we can achieve utilizing the resources available to us at the Advanced Technology & Manufacturing Center.”

Eleven companies in the clean energy, marine technology, biotechnology and life sciences, and software industries currently occupy space at the Advanced Technology & Manufacturing Center. The center has successfully graduated 15 companies, 80 percent of which have stayed in Massachusetts to help grow the local economy, according to UMass.

The Advanced Technology & Manufacturing Center saw annual sales of over $50 million in 2013, and to date its companies have generated more than 200 jobs.

Calendar
PBN Hosted
Events

Please join PBN on September 10th for the 3rd Annual Fastest Growing & Innovative Companies program at Rosecliff Mansion in Newport. Seating is limited so be sure to register early.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement