l{"id":1243592,"date":"2023-06-26T17:32:36","date_gmt":"2023-06-26T16:32:36","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/purdue-launched-solid-rocket-motor-maker-adranos-flies-off-with-purdue-university\/"},"modified":"2023-06-26T17:32:36","modified_gmt":"2023-06-26T16:32:36","slug":"purdue-launched-solid-rocket-motor-maker-adranos-flies-off-with-purdue-university","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/purdue-launched-solid-rocket-motor-maker-adranos-flies-off-with-purdue-university\/","title":{"rendered":"Purdue-launched solid rocket motor-maker Adranos flies off with &#8230; &#8211; Purdue University"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>WEST LAFAYETTE, Ind. \u2013 Adranos Inc., a Purdue-originated company that grew from a doctoral project into an impactful company, has been acquired by a major Costa Mesa, California-based defense products company, Anduril Industries.<\/p>\n<p>Terms of the deal were settled, and the acquisition was announced on Sunday (June 25) <a href=\"https:\/\/www.wsj.com\/articles\/tech-startup-targets-missile-motors-as-silicon-valley-moves-into-weapons-ea34456d?mod=Searchresults_pos1&amp;page=1\" rel=\"noopener\" target=\"_blank\">in The Wall Street Journal<\/a> that Anduril Industries is to purchase Adranos, manufacturer of solid rocket motors and maker of ALITEC, a high-performance solid rocket fuel that gives greater payload capacity, range and speed to launch systems.<\/p>\n<p>\u201cThe success of Adranos is the latest manifestation of Purdue\u2019s heritage of flying with innovation and signifies three growing strengths at our university in recent years: startup creation by Boilermakers, national security and defense research for America, and economic development in Discovery Park District,\u201d said Purdue President Mung Chiang. \u201cMany future successes will be delivered in these directions through Purdue Innovates, Purdue Applied Research Institute and the Hard Tech Corridor.\u201d<\/p>\n<p>Brandon Terry invented ALITEC in 2015 while he was a postdoctoral student in Purdue&#8217;s School of Aeronautics and Astronautics and continued his work at Purdue\u2019s School of Mechanical Engineering. Both schools are consistently ranked in the top 10 by U.S. News &amp; World Report. With help from Chris Stoker, an MBA graduate and Doctor of Law from Indiana University, Terry created business plans for ALITEC, a more powerful and more efficient solid rocket fuel that is also less damaging to the environment. Stoker and Terry went on to co-found Adranos, where Stoker is CEO and Terry is chief technology officer.<\/p>\n<p>After the company was founded, Adranos participated in Purdue Innovates\u2019 accelerator program in the Startup Foundry, which gave the company access to mentors, investors and other valuable resources. Adranos also leveraged connections with the Foundry&#8217;s alumni network and received guidance from Purdue alumni who had expertise in defense and space industry. Purdue&#8217;s growing reputation as a leader in entrepreneurship played a pivotal role in <a href=\"https:\/\/www.purdue.edu\/newsroom\/releases\/2020\/Q4\/adranos-receives-prestigious-most-fundable-company-designation.html\" rel=\"noopener\" target=\"_blank\">establishing Adranos&#8217;<\/a> credibility, helping attract investors, partners and talent.<\/p>\n<p>Purdue University provides an intentional environment for startups to thrive. The resources available through Purdue Innovates, connections to an abundant innovation ecosystem and access to Purdue-affiliated facilities have played a pivotal role in the success and rapid scaling of Adranos, solidifying the university\u2019s reputation as a driving force behind transformative startups.<\/p>\n<p>\u201cAs Purdue rose to world leadership in patents and startups, it was inevitable that great successes like Adranos would follow\u201d said Mitch Daniels, board chair of Purdue Research Foundation and former Purdue University President. \u201cWe\u2019re enormously proud not only from a business standpoint but also of the contribution this Purdue innovation will make to the security of our nation.<\/p>\n<p>\u201cWe created the environment for Purdue startups to thrive and succeed. Adranos is a homegrown Boilermaker success story, joining a growing list of acquisitions like Dr. Phil Low\u2019s startup, Endocyte, who inked a $2.1 billion acquisition deal. We anticipate there will be many other companies to follow in their footsteps.\u201d<\/p>\n<p>Adranos broke ground on a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20220908005270\/en\/\">rocket fuel production facility<\/a> in 2020 at Purdue Research Park. The company received financial support from the Purdue Research Foundation and the Indiana Economic Development Corp. to construct the facility, which opened in West Lafayette in September 2022. Adranos also has a solid rocket motor production facility in Mississippi and an engineering office in Alabama.<\/p>\n<p>\u201cPurdue University and the Purdue Research Foundation played critical roles in the success of Adranos. While I was a postdoc at Purdue, I was given the resources and opportunities to convert a conceptual innovation into reality\u201d said Terry, Adranos CTO.<\/p>\n<p>\u201cAdditionally, thanks to the Purdue Research Foundation, Adranos was able to transform its lab-scale technical innovation into a state-of-the-art rocket fuel production facility. We have been able to move so fast because of Purdue\u2019s amazing entrepreneurial resources, specifically the Burton D. Morgan Center for Entrepreneurship and technical leadership.\u201d<\/p>\n<p>Terry used the commercialization and innovation resources now aggregated under <a href=\"https:\/\/purdueinnovates.org\/\">Purdue Innovates<\/a>, a program that houses the Office of Technology Commercialization, which seeks to build up products and ideas and get them out of the lab and into society. Purdue University has consistently ranked among the top 10 most innovative universities in the U.S. for five consecutive years and holds the impressive position of being the fifth-ranked university in the world for utility patents.<\/p>\n<p>Adranos \u201cis an excellent example of Purdue intellectual property making its way out of the lab, into a startup, and making a real-world impact\u201d in this program, said Brooke Beier, senior vice president of Purdue Innovates. \u201cThis demonstrates the entrepreneurial nature of our Boilermaker students. A PhD student participated in components of what now make up Purdue Innovates, located their company in Purdue Research Park and now has a successful exit. From start to finish, Adranos demonstrates the success of the services and principles that constitute the Purdue Research Foundation.<\/p>\n<p>\u201cWe created the startup supportive environment and Adranos capitalized on the offerings and put in a tremendous amount of work. As we work to build a strong and unique deal flow with our Purdue Angel Network, we are seeking wins where the startup exits by being acquired or through an IPO. Adranos\u2019 acquisition exit is a clear win for the Purdue Innovates team.\u201d\u00a0<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.purdue.edu\/newsroom\/releases\/2023\/Q2\/purdue-launched-solid-rocket-motor-maker-adranos-flies-off-with-anduril.html\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WEST LAFAYETTE, Ind. \u2013 Adranos Inc., a Purdue-originated company that grew from a doctoral project into an impactful company, has been acquired by a major Costa Mesa, California-based defense products company, Anduril Industries. Terms of the deal were settled, and the acquisition was announced on Sunday (June 25) in The Wall Street Journal that Anduril [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1243593,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[53],"tags":[],"class_list":["post-1243592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Purdue-launched solid rocket motor-maker Adranos flies off with ... - Purdue University - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.purdue.edu\/newsroom\/releases\/2023\/Q2\/purdue-launched-solid-rocket-motor-maker-adranos-flies-off-with-anduril.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Purdue-launched solid rocket motor-maker Adranos flies off with ... - Purdue University - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"WEST LAFAYETTE, Ind. \u2013 Adranos Inc., a Purdue-originated company that grew from a doctoral project into an impactful company, has been acquired by a major Costa Mesa, California-based defense products company, Anduril Industries. 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