text: In 2005, "the LiftPort Group of space elevator companies announced that it will be building a carbon nanotube manufacturing plant in Millville, New Jersey, to supply various glass, plastic and metal companies with these strong materials. Although LiftPort hopes to eventually use carbon nanotubes in the construction of a 100,000 km (62,000 mile) space elevator, this move will allow it to make money in the short term and conduct research and development into new production methods. The space elevator is proposed to launch in 2010." On February 13, 2006 the LiftPort Group announced that, earlier the same month, they had tested a mile of "space-elevator tether" made of carbon-fiber composite strings and fiberglass tape measuring 5 cm wide and 1 mm (approx. 6 sheets of paper) thick, lifted with balloons.