Maine

State Profile

For those familiar with Maine, the images of a beautiful rocky coast, lighthouses and the famous Maine lobster come to mind. But Maine has much more to offer, especially for a number of key industries including advanced materials and life science.

Situated at the north eastern-most point of New England, Maine’s location is a key asset, connecting US east coast
markets with the mid-west and Canada. Maine serves as a distribution hub, providing up to 55 million people with
same-day driving and delivery services to major cities such as Boston, New York, Montreal and Philadelphia.

Maine’s strategic location was a major reason why Iceland’s Eimskip moved their North American hub from Norfolk, VA to Portland, ME in 2013. Eimskip’s service provides a container shipping link between Maine and Europe via the attractive Iceland route. In addition, Portland is an ideal location for shipping or receiving refrigerated and frozen goods.

In terms of airfreight and business travel services, Maine has six commercial airports and more than 60 small public
airports of which 15 accommodate corporate jets and 10 have customs service. Maine’s 20-year maintenance and
improvement plan to keep its highways safe and efficient are one reason why the U.S. Chamber of Commerce in its June 2011 report, Enterprising States, ranked Maine No.1 in infrastructure.

One sector where Maine excels is composites and advanced materials. Maine’s composite industry evolved from its 400-year boat building heritage and is now at the core of the state’s world-class custom yacht and boat building industry. The Advanced Engineering and Composites Center at the University of Maine has partnered with a number of private sector industries as well as government entities such as the U.S. Coast Guard and Department of Defense. Their expertise includes the development and testing of composite components for a number of industries including commercial and navy boats and marine and inland infrastructure projects such as culverts, construction beams and harbour piles where composites can be an attractive alternative to steel and concrete.

Developed from the pulp, paper and textile industry, Maine’s advanced materials industry is an innovation hub for numerous companies in the non-woven sector: Tex Tech Industries, the world’s largest manufacturer of tennis ball felt, calls Maine home. The company also manufactures highly-engineered materials for personal and product protection, as well as a wide range of industrial applications. Auburn Manufacturing is a global leader in the manufacture of high performance textiles for extreme temperature protection. Biovation manufactures bio-based, non-woven fibre  products from a melt spun product line for the healthcare and food packaging industries. Maine’s unique assets and expertise in the advanced materials sector has attracted companies such as Mölnlycke Health Care of Sweden.

Advanced material medical products are only one element of Maine’s vibrant life sciences sector. Maine has over 100
entities that research, develop and manufacture outstanding solutions: IDEXX Laboratories, Inc. (NASDAQ: IDXX) is a
leader in pet healthcare innovation, serving veterinarians around the world with a broad range of diagnostic and
information technology-based products and services. The Jackson Laboratory is an independent, non-profit organisation focusing on mammalian genetics research to advance human health. Lighthouse Imaging is a leading manufacturer of Endoscope quality testing equipment.

Maine companies are known for outstanding quality and custom solutions – and they are attracting investors. For
example, Maine Manufacturing, a company specialising in custom material and membrane products, entered into a
partnership with GVS SpA of Italy in 2013. Maine’s proximity to the Boston-area life science hub, along with the unique
capabilities of Maine companies, makes our state an attractiveinvestment destination.

Maine is a special place: not only because of its natural beauty but because of the unique, world-class products and technologies created by people who enjoy living and working here.

We look forward to welcoming you to Maine.

Further Information

For more information, contact:

Janine Bisaillon-Cary

Tel: +1 207-541-7400
Email: investinmaine@mitc.com
Website: www.investinmaine.net

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