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- Tier 1 Supplier to Medical Device OEMs to Invest $6 Million
and Create 25 New Jobs -
RICHMOND, Va., Nov. 18 /PRNewswire/ -- Governor Mark R. Warner today
announced that Specialty Blades, Inc., will invest $6 million to expand its
facility in the City of Staunton. The company manufactures precision cutting
and piercing components. The project will create 25 new jobs and includes the
addition of a 28,000 square ft facility on the current Specialty Blades
campus. It will also enhance the product offering with the addition of new
precision grinding equipment, point technologies, and YAG-based laser
equipment.
Headquartered in Staunton, Specialty Blades was founded in 1985 to address
the needs of industrial and surgical customers who require high-performance
cutting and piercing components. Earlier this summer IncisionTech was
established as a separate division focused solely on OEM medical device
applications. This enables the new business to create better patient outcomes
through innovative incision technologies. Specialty Blades also recently
opened a sales office in Shanghai, China. This new office is focused on
selling high performance products made in Virginia into the developing Chinese
market. This enables the new Endurium and Optima brands of razor blades to
enjoy increasing global success.
"The markets we serve are expanding in both size and complexity, leading
our business through a period of transformational growth. We have been very
fortunate to enjoy strong support from both the Commonwealth of Virginia and
the City of Staunton as we move forward with our growth plans," said Peter
Harris, Specialty Blades President and CEO. "Virginia offers great benefits
for companies like ours, whose ability to compete on a global basis depends
upon deploying innovative, advanced manufacturing technologies and developing
the workforce to support them."
"The City of Staunton is proud to assist Specialty Blades with their
latest expansion," said John Avoli, Mayor, City of Staunton. "Their advanced
technology production process, as well as their research and development
function, provide state-of-the-art engineering, quality control, and
production employment for the community."
Specialty Blades is located in Stauntons Green Hills Technology Center,
and has over 170 shareholders. Further information about the company and its
stock is available at http://www.specialtyblades.com.
IncisionTech provides critical cutting and piercing components used in
surgical devices. Its unique position in the surgical market comes from a
100% focus on cutting and piercing device functionality. This makes
IncisionTech the strategic partner of choice for medical device OEMs seeking
to improve patient outcomes through better device performance. Custom
surgical blades, needles, endoscopic scissors, and other cutting and piercing
components are produced to the highest quality standards for use in
endoscopic, cardiovascular, ophthalmic, orthopedic and general surgery
procedures. Innovative solutions focus on new materials, new designs and new
approaches to meeting our customers unique requirements. For more
information about IncisionTech visit our web site at
http://www.IncisionTech.com or call 800-213-7809
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