Cadence will open a finished medical device facility in Cranberry Township, Pennsylvania in 1Q13. The 21,000 square foot facility will include up to 10,000 square feet of clean room space and 5,000 square feet of office space, and expects to employ as many as 60 people in the new facility located just outside of Pittsburgh.
For Cadence, which has achieved 74% revenue growth in the past 3 years, entrance into the finished device business is another step in its long‐term strategic plan. The company creates new technologies for use with minimally invasive devices. (Source: Cadence, Inc.)