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CMP Advanced Mechanical Solutions is modernizing its Binghamton facility with an $8.8 million investment, supported by an $850,000 grant from Empire State Development. The project will enhance manufacturing capabilities for battery storage components, allowing the creation of up to 62 new jobs. The modernization includes the installation of new equipment such as fiber lasers and vertical milling machining centers, and is expected to strengthen Binghamton's position in the battery manufacturing industry.