Fort Wayne-based Excellon Technologies Inc. is launching a new product line, which it says could result in more than 400 new jobs by 2019. The company is investing more than $2 million to begin production of therapeutic products for conditions ranging from stress and anxiety to autism and Parkinson’s Disease. Excellon was founded in 2001 as a two-person engineering firm, and has since grown to more than 60 associates. The company says it is hiring seamstresses, tailors and support personnel to produce the weighted medical quilted squares.
Excellon says the patent-pending squares create deep pressure on muscles, joints, tendons and ligaments, allowing the central nervous system to better manage sensory inputs. It says CapeAble can also address symptoms of ADD, ADHD and Down syndrome.
General Manager’s Understudy Troy Schweitzer says the expansion will "ensure longevity for our associates and continued job creation in our Fort Wayne community."
The company has already begun production on the product, which is being studied at Baptist Memorial Hospital in Jacksonville, Florida.
The Indiana Economic Development Corp. has offered Excellon nearly $1 million in conditional tax credits and training grants based on its job creation plans. The city of Fort Wayne and Northeast Indiana Works are also considering incentives.