ROCHESTER, N.Y. – (April 4, 2012) — Intrinsiq Materials, Quintel USA, and Omni-ID are open for business at Eastman Business Park. The three high-tech companies are growing their operations in the Greater Rochester, N.Y. Region. Hiring could grow to 250 new jobs with significant current and planned investments. Employees of each company are specializing in research, development, and manufacturing of advanced technology.
"I am proud to be here today with all the partners who made this great addition to the Rochester economy possible," said State Assembly Speaker Sheldon Silver. "Nothing is more important than creating good-paying jobs for the people of New York. This is a true success story, one that shows what can be accomplished when the public and private sectors work together to rebuild the upstate economy and advertise its assets to the world."
"These companies could have gone anywhere in the United States or around the globe to establish their operations, but thanks to Speaker Silver and the hard work of all the partners involved, they made a commitment to our community – and they are making good on that commitment," said State Assemblyman Joseph D. Morelle, D-Irondequoit. "Rochester has a long history of economic leadership and innovation, especially at this location, and today we celebrate a new chapter in that history. I'm honored to have a played a part in making this possible, and I believe it is only the beginning of what we will achieve in the future."
Omni-ID, a leading inventor, manufacturer, and supplier of passive UHF (RFID) technology solutions for asset tracking to Fortune 500 companies globally, doubled its revenue in 2011 from the prior year. The company employs 12 people locally and just launched the world's first Visual Tagging System, which displays readable information on moving assets in real-time.
"We are so pleased to be a part of the positive economic growth curve in Rochester," said Junior Ph.D and CEO of Omni-ID George E. Daddis. "The region has provided us with the space we need to grow and continue to innovate and excel as a high-tech company."
A provider of next generation antenna systems for mobile networks, Quintel USA has hired 20 employees and established a state-of-the-art antenna measurement facility. The company launched a new industry-leading product, MultiWav, and it has signed a manufacturing agreement with IEC Electronics for new products developed in Rochester.
"The resources, partners and facilities here in the Greater Rochester Region are first class and have allowed us to establish a strong foundation," said Alastair Westgarth, president and CEO of Quintel USA.
Intrinsiq Materials, a leading nano materials company, has opened its Rochester Printed Electronic Ink Laboratory at Eastman Business Park. Intrinsiq has to date hired seven people for application and customer service of its highly functional electronic inks.
"Our progress has been excellent thanks to the impressive technical talent pool, access to academia, and strong supporting commercial infrastructure that are available to us in Rochester," said Dr. Bob Cournoyer, CEO at Intrinsiq Materials.
"It's great to see how the high-quality of our skilled workforce and the resources available in the Greater Rochester Region are helping these three companies grow," said Greater Rochester Enterprise President and CEO Mark S. Peterson.
Trillium International is the manager of a portfolio of high-tech companies, which includes Intrinsiq Materials, Omni ID, and Quintel USA.
"Rochester is the perfect home for these technology rich companies given the strength of the area's workforce," said José Coronas, who along with James Stoffel serve as the general partners of Trillium International. "We are excited to help grow new technology businesses in this region."
Founded in 2010, Trillium International is a Rochester, N.Y.-based private equity firm managing early stage and growth equity funds. Trillium International partners have extensive early stage/private equity investment and management experience, having been chief executive officers, presidents, and board members of a wide variety of startup companies, joint ventures, and Fortune 100 multinationals.