Dental startup locating in Noblesville

Therametric Technologies Inc., a developer of dental health technology, said today it will locate its headquarters and
manufacturing operations in Noblesville, and plans to create 40 jobs by 2013.

The startup, located at the Indiana
University Emerging Technologies Center on 10th Street in Indianapolis near the downtown canal, said it will invest nearly
$10 million to build a 26,000-square-foot facility in Noblesville. The company will locate in the Smithfield Business Park
at 146th Street and Cumberland Road.

Therametric employs 16 people and plans to begin hiring for administrative,
information technology and manufacturing jobs late this year. Construction of its facility is set to begin in September and
should be finished by spring.

The building will house manufacturing operations for Therametric’s proprietary FluoreCam
detection system. The system uses light fluorescence from a handheld instrument to detect tooth decay by analyzing changes
in the mineral content of tooth enamel.

The Indiana Economic Development Corp. offered the company up to $270,000
in performance-based tax credits and $17,000 in training grants based on its job-creation plans. The city of Noblesville will
consider additional property-tax abatement.
 

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