Stone Mountain Technologies, Inc. (SMTI) is set to invest $13.9 million in the establishment of new manufacturing operations in Piney Flats, Tennessee. The company plans to create 111 new jobs in Sullivan County and embark on the production of ANESI, an innovative brand of high efficiency gas-fired heat pumps.
SMTI, a Piney Flats-based manufacturer, specializes in cost-effective heating technologies that utilize sorption heat pump cycles. Their goal is to provide customers with high-comfort, cost-effective, and low/zero-carbon heating and cooling solutions.
According to SMTI CEO Michael Garrabrant, launching manufacturing and engineering operations for their ANESI brand in Northeast Tennessee will contribute to the state’s thriving advanced energy economy. He expressed excitement about the addition of skilled manufacturing jobs and opportunities in the region.
Governor Bill Lee emphasizes that Tennessee’s business climate and skilled workforce make it an ideal location for companies like SMTI to prosper. He thanks SMTI for their investment, which will not only create over 100 jobs but also provide greater opportunities for Tennessee families.
The Tennessee Department of Economic and Community Development (TNECD) has been actively supporting economic development projects in the Northeast Tennessee region since 2019. These efforts have resulted in approximately 3,600 job commitments and around $1 billion in capital investment.
TNECD Commissioner Stuart McWhorter expresses gratitude to SMTI for choosing Sullivan County as their manufacturing base and investing nearly $14 million in the area. He anticipates that this move will contribute to the continued growth of Tennessee’s manufacturing industry.
As the company’s success story unfolds, Sullivan County Mayor Richard Venable commends SMTI’s leadership team and the collaborative efforts of various economic development organizations. He praises the company’s progress and believes that their achievements will continue to bolster the region’s reputation as a business stronghold.
1. What is SMTI?
SMTI, or Stone Mountain Technologies, Inc., is a manufacturer based in Piney Flats, Tennessee that specializes in cost-effective heating technologies using sorption heat pump cycles.
2. What is ANESI?
ANESI is the brand of high efficiency gas-fired heat pumps and water heaters produced by SMTI. These innovative products provide high-comfort, cost-effective, and low/zero-carbon heating and cooling solutions for residential and commercial buildings.
3. How many jobs will SMTI create?
SMTI plans to create 111 new jobs in Sullivan County, Tennessee.
4. What is the Tennessee Department of Economic and Community Development?
The Tennessee Department of Economic and Community Development (TNECD) is a government organization that supports economic development projects and initiatives in the state of Tennessee.
5. How many economic development projects has TNECD supported in Northeast Tennessee?
Since 2019, TNECD has supported nearly 40 economic development projects in the Northeast Tennessee region, resulting in approximately 3,600 job commitments and around $1 billion in capital investment.