The Minnesota High Tech Association (MHTA) has named Fabcon, a precast concrete company in Savage, as a finalist in the “Innovative Collaboration of the Year” category for the 2009 Tekne Awards.

The Tekne Awards recognize Minnesota organizations and individuals who have shown superior technology innovation and leadership.

The Tekne finalist designation recognizes the innovative effort between Fabcon and VAST Enterprises LLC, a material science research and manufacturing company. Earlier this year, the two companies worked together to launch the first precast wall panel using composite bricks that are made from up to 95 percent post-consumer/post-industrial materials. The wall panel significantly reduces construction and maintenance costs, and offers a unique new finish option for builders seeking sustainable building materials.

“Fabcon and VAST are committed to reducing Minnesota’s landfills and protecting community resources by offering cradle-to-cradle green products,” said Mike Le Jeune, president and CEO of Fabcon. “Our unique partnership showcases how collaboration can lead to innovation. We are proud and honored to be named a Tekne Award Finalist this year.”

Presented by the MHTA in partnership with LifeScience Alley and Enterprise Minnesota, the Tekne Awards annually recognize Minnesota’s best and brightest technology users and developers in innovation, development, education, commercialization and management.