Hodgdon Yacht Services, one of New England's largest full-service marine companies based in the Boothbay region, announced today that President Alexander “Sandy” Spaulding has been appointed and sworn in as a board member of the Maine Technology Institute (MTI) representing the composites and advanced materials sectors.

MTI is an industry-lead, publicly-funded, nonprofit corporation offering early-stage capital and commercialization assistance in the form of competitive grants, loans, and equity investment for the research, development, and application of technologies that create new products, processes, and services, generating high-quality jobs across Maine.

"I am honored to have been appointed as a board member by Gov. Paul LePage," Spaulding said. "I look forward to working on projects in the composites and advanced materials sector that will help create new products and services and support the state's economy. It's important that we continue to invest in this area."  

The state of Maine has targeted seven technology sectors that MTI is dedicated to supporting, including: biotechnology, composites and advanced materials, environmental technologies, forest products and agriculture, information technology, marine technology and aquaculture, and precision manufacturing.

"I am pleased to have someone of Sandy's broad experience in the private and public sectors joining MTI. Sandy brings a unique blend of experience in business operations, finance, and law to the Institute and its mission," said George Gervais, commissioner of economic and community development for the state of Maine.

For more information, visit www.hodgdonyachtservices.com.