Remember Plasmaco? The manufacturer of plasma-display flat screens was supposed to bring an industrial renaissance to the Town of Lloyd? Founded in 1987, the company was bought out by the Japanese tech firm Matsushita only nine years later. Its headquarters at 180 South Street became home to Prism Solar Technologies, Inc., a manufacturer of bifacial glass solar electricity generation modules that has not yet realized the potential that was expected of it.
While Prism still occupies up to a third of the 90,000-square-foot facility, a new tenant moved in on July 26 which brought with it potential ramifications for startup companies in Ulster County and beyond. Formerly situated on Route 300 in the Town of Newburgh, the not-for-profit Hudson Valley Technology Development Center, Inc. (HVTDC) moved its 16-person team (eleven employees and five interns) to the South Street facility, and now rents about 5000 square feet of the space owned by Prism Solar. “It’s mostly offices, but we’ve got enough space to set up our engineering lab,” said Phyllis Levine, HVTDC’s manager for marketing and administration.