Malama Composites’ materials are used to make a new line of furniture named Nomad Mobili.

Malama Composites’ materials are used to make a new line of furniture named Nomad Mobili.

MALAMA COMPOSITES

CEO: David Saltman.

Revenue: $200,000 this year through August.

No. of local employees: Eight.

Investors: Raised $790,000 in first round funding led by Saltman; $350,000 in angel round.

Headquarters: Sorrento Valley.

Year founded: 2009.

What makes the company innovative: Company said it’s the first and only maker of rigid polyurethane foam made from bio-based materials.

Malama Composites started out as a business developing new “green” material to make surfboards, but its owners soon discovered there are more lucrative markets for the product made primarily from plants...

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