Global Technical Systems Expands Production in Virginia Beach $4.1 million capital investment and 21 new jobs
April 18, 2017
Global Technical Systems will expand operations of its Virginia Beach headquarters to allow production of next generation composite electro-mechanical batteries (EMB). The production facility at 777 Seahawk Circle will increase by 8,000 square feet from 13,344 square feet. The company will invest $4.1 million in construction, furniture, fixtures, equipment, machinery and tools. Global Technical Systems will also create 21 new jobs at an average annual salary of $64,000. The expansion supports ground-breaking new technologies developed by Global Technical Systems' Composites Group that use state-of-the-art composite materials, processes and designs to build EMBs that convert electricity into kinetic energy for storage then back to conditioned electricity using a motor generator and spinning flywheel. The EMB offers significant advantages over traditional electrochemical batteries, including ultra-high efficiency energy recovery ratings, greatly reduced maintenance needs and major cost savings.The Virginia Beach Economic Development Authority has awarded the company an Economic Development Investment Program grant in the amount of $125,000 based on the capital investment. "Global Technical Systems is one of the country's most innovative companies headquartered in Virginia Beach, and we are very pleased to support its continued growth with these exciting new product lines," said Virginia Beach Economic Development Director Warren D. Harris. "This new technology can be a game-changer in meeting the world's energy storage needs. It's scalable, affordable and significantly reduces environmental liabilities of traditional chemical energy storage systems.""Global Technical Systems is grateful for the assistance and support of the Virginia Beach Department of Economic Development as we continue to expand and grow our manufacturing capabilities," said Terry Spitzer, CEO. "Virginia Beach is a business-friendly city with a highly skilled and diverse workforce. Virginia Beach Department of Economic Development provides exceptional support to the local business community through their programs and assistance."Founded in 1997, Global Technical Systems' expertise includes mission-critical combat systems, C4ISR, avionics, composites, threat detection, biometrics, advanced radars and other sensor systems. In addition to Virginia Beach, the company has facilities in St. Petersburg, Fl., Brentwood, Ca. and Northern Virginia. The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 450,000, and it is the 37th largest in the United States. It is recognized as one of the Best Run Cities in America by 24/7 Wall St. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2016 and is one of only 50 economic development organizations in the world to have this recognition. Virginia Beach is listed among the Top Five Overall Mid-sized American Cities of the Future, Top 10 for Economic Potential and Top Five for Infrastructure by fDi magazine. CNNMoney.com ranked Virginia Beach as the Easiest Place to Start a Business and the 2nd Most Business-Friendly City in the country. For more information, visit www.yesvirginiabeach.com.
