Biddeford-based Hyperlite Mountain Gear said it has completed a $1.1 million round of financing to expand production as well as research and development capacity.

The company, which has about 50 employees, said in a news release that it also will use the funds to begin introducing automation to its manufacturing facility in Biddeford. CEI Ventures co-led the funding round along with Telluride Venture Fund and Maine Venture Fund, according to the release.

“We are thrilled to announce this round of investment to further help us grow,” said Mike St. Pierre, founder and CEO of Hyperlite Mountain Gear. “We look forward to building on our ability to help outdoor adventurers do more with less as we expand our reach and product offering of high-tech, high-quality, high-performance ultralight gear.”

Hyperlite’s Windriver backpack, which retails for $300, “offers the optimal balance of strength, weight, comfort and performance,” according to the company’s website.[/caption]

Hyperlite is a leader in the emerging ultralight outdoors movement, an adventuring technique of carrying only the lightest and most efficient gear possible so a hiker, backpacker or mountaineer can do more in the outdoors in less time and with less stress on the body.

The company’s high-tech material technologies and designs are allowing a wide range of hardcore adventurers to weekend enthusiasts increase their performance, efficiency and enjoyment in the outdoors, according to the release.


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