QED Technologies to Expand Rochester Presence Through $18.7 Million Investment
Precision optics and advanced finishing and metrology solutions provider QED Technologies will invest $18.7 million to expand its operations in Rochester, with the addition of an optics fabrication and customer experience center. The expansion aims to help the company meet growing fabrication demand for precision optics technologies in the semiconductor, defense, and aerospace industries.
The project is expected to be completed by the end of the year.
QED will add up to 20,000 sq ft to its University Avenue facility to establish an R&D center and expand its precision optics fabrication capabilities. The R&D center will focus on creating next-generation tools and processes that support QED’s products and innovation pipeline, while the fabrication division will continue producing precision optics. The expansion is expected to create up to 72 new jobs over the next five years.
By centralizing these functions, QED expects to accelerate the translation of R&D breakthroughs into advanced finishing and metrology equipment for the semiconductor, aerospace, and defense industries. The project is expected to be completed by the end of the year.
Empire State Development will contribute up to $1.5 million for the project through the Excelsior Jobs Tax Credit Program. Monroe County, the City of Rochester, and Greater Rochester Enterprise also offered assistance for the expansion.
QED Technologies' expansion comes after the company named Michael Mohammadi president and CEO, in a move finalized last spring.
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