Quality Electrodynamics, better known as QED, is on the way to multiplying its Mayfield Village headquarters and employment by several times.
The company that makes high-quality coils for magnetic resonance imaging machines hosted more than 100 foreign dignitaries, politicians, academic and business leaders and economic development officials at its Beta Park Drive headquarters this morning to celebrate the expansion.
QED is expanding its facility by nearly four times to 27,000 square feet. The company that now employs 40 expects to double that number in the next year-and-a-half.
When Investment Rhymes with Canada
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
QED’s coils help General Electric, Toshiba and Siemens make MRI machines that scan faster and produce medical images of exceptional quality. Officials from all three companies attended Friday’s event. So did Mayfield Mayor Bruce Rinker, Ohio’s Lt. Gov. Lee Fisher, and Tomatsu Shinotsuka, consul general of Japan.
In a speech, Fisher pointed to QED as an example of what can happen when Ohio and federal grant-makers get behind a promising biomedical company.
“QED is one of the best success stories of the Third Frontier program,” Fisher said. Third Frontier is the state’s $1.6 billion, 10-year project to expand its technology economy.
