Medical Device Maker to Open in Noble County, IN

Precision Medical Technologies, Inc., a medical device manufacturer, announced Monday that it will open a new facility in Noble County, creating up to 60 new jobs by 2015.

The company, which is based in Warsaw, IN, will invest $4.36 million to lease, renovate and equip a 30,000 square-foot facility in Rome City.

"As Precision Medical looks to expand, we're glad they have chosen to grow in northern Indiana," says Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Our strong fiscal condition and high quality workforce continue to put the Hoosier state in a favorable position to compete for new investment."

Precision Medical, which currently has 75 employees in Indiana, plans to begin hiring new machinists, CNC programmers and administrative associates in Rome City next year. The company's investment and additional employment is planned for new business expansion and not business being transferred from the Warsaw facility.

"Having experienced the work ethic and local support in this area in the past, we are excited to be locating in Noble County and specifically Rome City," says Kurt Kamholz, president and co-owner of Precision Medical. "We want to thank the Indiana Economic Development Corporation, Noble County Economic Development group and the Rome City town council for their support in this process."

Founded in 1993, Precision Medical is a contract manufacturer that specializes in spine, extremities, trauma and sport medicine devices and serves customers across the United States.

The Indiana Economic Development Corporation offered Precision Medical Technologies, Inc. up to $450,000 in performance-based tax credits and up to $35,000 in training grants based on the company's job creation plans. The town of Rome City has granted property tax abatement.

"We are very excited about Precision Medical Technologies choosing Rome City as its new home," says Leigh Pranger, Rome City town manager. "We welcome the opportunity to work with this business in making sure its transition to Rome City is a success. The jobs it offers will be a boost to the area economy and will help Noble County work toward diversification of our workforce."