Outgoing President Rick Stanley expressed confidence in the mandate of the CTC and reflected on his term as president: "During the beginning of this venture, we had no space to house and support up-and-coming composite businesses. Our efforts have solidified Sanford, Greenville, and Orono as centers of the composite sector in Maine." Stanley noted that the Sanford incubator, located at 60 Community Drive in the Sanford Industrial Park, has almost reached full capacity.

Other elected officers included: Jack Smith as Vice President, Mark Scarano as Secretary, Rick Stanley as Treasurer. Returning Directors include: John Holden, Bill Lemos, Jack Ward, Scott Hersey, and Bob Lindyberg.

In addition to electing officers, the CTC Board of Directors also hired their own administrator to better organize and carry out the incubator's day to day activities. Gordon Davis, a resident of Alna, was hired as a contracted administrator to the CTC. His background includes previous business counseling experience with business development organizations such as the Maine Department of Economic & Community Development and the Wiscasset based Coastal Enterprises Incorporated. Davis is hardly new to entrepreneurial environments, however, as he both owned and operated three technically oriented businesses throughout his life.