Governor Warner Announces Specialty Blades / IncisionTech Expansion in Staunton

RICHMOND - December 14, 2005

Tier 1 Supplier to Medical Device OEMs to Invest $6 Million and Create 25 New Jobs

RICHMOND - 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 ft^2 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. Building on a long history of high performance cutting blades, IncisionTech is focused solely on OEM medical device applications. This enables the new business to create better patient outcomes through innovative incision technologies.

“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.”

About IncisionTech

IncisionTech manufactures cutting, piercing, and delivery systems for surgical devices. Our IncisionLab - Center Of Excellence is where applied science improves cutting and piercing device performance. Products include surgical blades, trocars, custom scalpels, endoscopic scissors, tissue cutters, biopsy punches, sharpened tubes, specialty access needles, probes, tips, cannula, stylets, shaver blades and bone saws..

IncisionTech
Locations in Virginia, Rhode Island, and New York
Phone: 800-213-7809
sales@incisiontech.com