Latvian State Institute of Wood Chemistry (IWC), the main centre of wood science in Latvia, founded in 1946. The mission of the IWC is the development of scientifically grounded, environmentally friendly, waste less technologies for obtaining of competitive materials and products from wood and wood biomass.

Technology Park (TP) provides territory, premises and services for high technology companies and organizations, which expand their business or start a new activity in the city of Ventspils. Activities of TP are based on design and building of qualitative industrial and office buildings, engineering communications and access roads, as well as ensuring public and communication services. Technology Park organizes events that would promote the growth of high technology spheres, including information technology, telecommunication, electronics, mechanical engineering, industrial automation, computer-aided design and space technology.

Company manufactures technical and textured glass fibre fabrics, high SiO2 content glass fibre fabrics, as well as glass fibre mats and yarns. Does not manufacture final products of space technology, but the materials manufactured by the company are further used in different space technology material and component engineering, including electric, system capacity, software, specialized and space station equipment engineering, and also in such space technology engineering sub-sectors as civil engineering, provision of components, robotics and machinery, space environment and designing.