Cadence, Inc. Announces Major Expansion

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May 24, 2011, 10:43 ET

STAUNTON, Va., May 24, 2011 /PRNewswire-USNewswire/ -- Cadence, Inc., a leading manufacturer of precision products for the medical device and life science markets, announced yesterday that it will invest nearly $16 million to expand its operations. This new expansion will allow Cadence to expand its capabilities in the medical device and life science markets and support production of significant new business.

"This major expansion represents another significant step on our journey of solid growth," said Peter Harris, CEO. "This also affirms our ongoing commitment to precision and repeatability in everything we do for our customers, shareholders, and employees."

This expansion was supported by a grant from the Virginia Governor's Opportunity Fund to assist Staunton, Virginia with the project. Virginia Governor Bob McDonnell joined Cadence in announcing this expansion and announced the grant award, saying "The path of success continues with this significant investment, which will allow for a larger facility and increased manufacturing production to accommodate the company's rapid growth. The addition of 65 new jobs is also tremendous news for the region."

"Living and working in the Staunton area allows our team members to enjoy the highest quality of life," said Harris. "In addition to a very inviting work environment and the most modern facilities, we also offer a comprehensive benefits package, including health, life, and dental insurance, along with a 401(k) plan and an incentive plan."

For further information on careers at Cadence, see www.cadenceinc.com\careers.

About Cadence, Inc.

Cadence is a premier metals manufacturing company focused on new medical technologies, such as minimally invasive devices. Headquartered in the Green Hills Technology Center in Staunton, Virginia, Cadence has over 200 shareholders. The world's only IncisionLab enables better performance using the Define. Do. Measure. approach to new product design and development. Proprietary "sharps" and tube fabrication technologies enable Cadence to supply the most critical components and sub-assemblies for medical devices and scientific applications.

www.cadenceinc.com

SOURCE Cadence, Inc.