BLACKSBURG, Va., 23 April 2012. VPT Inc., a HEICO company (NYSE:HEI.A) (NYSE:HEI), broke ground on its new headquarters facility in Blacksburg, Va. The new facility, which will also serve as VPT’s research and development center, will be located in the Virginia Tech Corporate Research Center.
VPT officials intend to move to the new location in the fourth quarter and do not expect the move to affect VPT’s manufacturing operations, located in a separate facility.
“We are pleased to be expanding into this state-of-the-art research facility,” says Dr. Dan Sable, president of VPT. “We’ve grown appreciably over the last several years and the time is right to invest in the next phase of our corporate success. The new facility will offer several new amenities to enhance our R&D capabilities as we continue to develop new power conversion technologies for the avionics, military, and space markets.”
The Virginia Tech Corporate Research Center is the recipient of the 2010 Outstanding Research/Science Park Award by the Association of University Research Parks (AURP).