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Welcome to New Hampshire, EIT!

Thursday, June 26th, 2014
Cutting the ribbon on EIT's new location in Salem.

Cutting the ribbon on EIT’s new location in Salem.

 

With a snip of the scissors, a red velvet ribbon was cut last Thursday in Salem to mark the opening of one of New Hampshire’s newest companies, Electronic Instrumentation and Technology.

Joined by workers, clients, suppliers and supporters (including our own Cynthia Harrington, who assisted in the relocation from Methuen, Mass.), EIT officials celebrated the Virginia-based electronic manufacturing service provider’s fifth location, an electronic manufacturing facility.

Employees, customers and vendors celebrated EIT's move to Salem.

Employees, customers and vendors celebrated EIT’s move to Salem.

“The new EIT Salem facility shows EIT’s commitment to our customers and the entire New England region,” said David Faliskie, EIT president and COO. “In January, EIT will begin our 38th year in business. EIT’s physical resources, along with our dedicated staff, create a situation which allows us to meet our customer’s requirements and keep EIT as a premiere EMS provider.”

Nearly a year ago, EIT acquired a contract manufacturer in nearby Methuen, Mass., and began planning to move operations to New Hampshire. Its new facility at 19 Keewaydin Dr., is double in size, to 30,000 square-feet and features ESD flooring, new energy efficient lighting and new and upgraded equipment. The Salem plant supports both prototype and production builds.

Harrington, business recruiter for the Division of Economic Development, worked with the EIT team as it considered relocating to New Hampshire.

“In terms of distance, the company is just a few miles from its previous location in Massachusetts, but the business climate is vastly different,” she said.  “A combination of New Hampshire’s business climate, pool of highly skilled and highly educated workforce and available commercial real estate made this a logical choice for a growing company like EIT.”
Alicia Gagne

Intern

NH Division of Economic Development

Welcome to New Hampshire,Gamma Medica

Wednesday, September 25th, 2013

             One of New Hampshire’s newest companies is not only one we helped to relocate here, but it’s one that’s on the forefront of technology and women’s health.

             Gamma Medica is evolving technology to improve breast cancer detection and has opened a product design, engineering and manufacturing plant in southern New Hampshire, the latest business to locate in a region becoming known for its bio-medical industry.

            Gamma Medica, Inc. develops, markets and services the LumaGEM® MBI system, a digital molecular breast imaging system enabling radiologists to detect early stage cancers that can be missed in women with mammographically dense breast tissue. It is leasing 8,000-square feet at 12 Manor Parkway and plans to hire about 30 people in the next year.

Jim Calandra, CEO
Gamma Medical
Salem, NH

            Since then, technology has been developing high-quality, high-resolution systems to detect tumors at 5 millimeters. Through a non-invasive procedure, women whose mammograms are inconclusive can opt for MBI testing. It’s about one-third of the cost of an MRI, which is used for further analysis of dense breast tissue.

            While mammography is an excellent tool in the detection of breast cancer, it does have limitations, said Dr. Robert C. Hannon of Salem Radiology.

            “The development of molecular breast imaging, and its ability to identify even small early cancers, is a most welcome addition,” Hannon said. “Gamma Medica, through its Luma GEM MBI System, has refined the technique so it is simple, safe and accurate. This technology will be a significant asset to physicians, as they continue their efforts against this disease.”

            Earlier this summer, Gamma Medica closed on a $16 million Series A financing round from healthcare investment firm, Psilos Group Managers. This funding enables Gamma Medica to expand commercialization of the LumaGEM MBI system, its companion product, the LumaGUIDE® MBI-guided biopsy module, and be used to finance additional post-market clinical studies.

            Calandra said locating this company in Salem made sense and not just because of New Hampshire’s low tax structure.

            “There is a strong medical device presence here and we are close to Boston, where there is a prevalence of medical device companies along Route 128 and around the Merrimack Valley,” he said, adding that being close to some of the finest hospitals in the country was also an important consideration in locating here.

            Southern New Hampshire is developing a strong medical device cluster, said Michael Bergeron, business development manager for the New Hampshire Division of Economic Development, who assisted Gamma Medica in its move to the state.

            “The company was looking to locate in a place where there is access to talented employees, universities, and hospitals, as well as low operating costs,” Bergeron said. “New Hampshire has all of that.”

            Gamma Medica will celebrate its grand opening on Oct. 11.

 

Lorna Colquhoun

Communications Director

NH Division of Economic Development