A Holland yacht maker plans to keep its workers employed with the production of new high-tech buoys incorporating technology developed by the University of Michigan. The venture moves the company into uncharted waters as a competitor for government marine contracts.
According to excerpts from the story:
S2 Yachts Inc. is testing the waters of the buoy business, and likely will be saving jobs in the process. S2 Yachts agreed this week to purchase licensing from the University of Michigan involving technology to manufacture buoys. In the next three years, S2 Yachts is expected to build 134 buoys for the National Oceanic and Atmospheric Administration using the U-M technology.
Some buoys would be placed in Lake Michigan bays near Traverse City to measure pollution transport as part of U-M's Upper Great Lakes Observing System (U-GLOS). S2 Yachts' new venture could help the company's estimated 400 West Michigan employees keep jobs. It takes 15 to 20 people to manufacture one buoy in a couple weeks, S2 Yachts director of product development Rick Eggerding said.
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