Zoltek Receives Award For Carbon Fiber Development

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Zoltek Companies Inc. says it has been notified by the U.S. Department of Energy (DOE) and National Energy Technology Laboratory that it has been selected for negotiations leading to a $3.7 million financial assistance award for its application titled ‘Development and Commercialization of a Novel Low Cost Carbon Fiber.’

This notification was part of a larger announcement made by DOE Secretary by Steven Chu regarding awards of more than $175 million for advanced vehicle research and development.

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