Brewer defense contractor is national finalist competing for $1M
Compotech, a defense contractor based in Brewer, is one of five finalists vying for $1 million in cash prizes in the U.S. Small Business Administration’s Freedom 250 Patriot Pitch Competition.
The competition spotlights small businesses that used SBA financing to innovate products, scale operations and strengthen the U.S. economy, the agency said via email. The finalists will deliver their pitches Sept. 18 in Washington, D.C., before a live audience and a panel of celebrity judges.
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Compotech makes the Expeditionary Shelter Protection System, a quick-setup composite fencing system that protects soldiers from blast and ballistic threats with strategically placed panel armor technology.
It is one of about 300 Maine companies that shared in $4.6 billion that the U.S. Department of Defense spent in the state in the 2024 budget year. Compotech received defense contracts totaling $40 million from 2017-2025 and a Governor’s Award for Business Excellence in 2023.
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Finalists in the SBA competition will be evaluated on their ability to demonstrate sound business performance, innovation readiness, economic impact and job quality. Prizes range from $400,000 for first place to $75,000 for fifth place.
The other finalists are Plas-Tech Tooling of Garner, Iowa; Red River of Gillette, Wyoming; VetPowered LLC, of San Diego, California; and Winton Machine, of Suwanee, Georgia.
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Tagged: Department of Defense, maine businesses, military, U. S. Small Business Administration
Kelley writes about Maine businesses large and small, focusing on economic development, workforce initiatives and the state’s leading business organizations. Her wider experience includes municipal and. More by Kelley Bouchard
