SymBiotechs USA has moved its headquarters from Oregon to take part in a business-incubator program that was recently launched in Eagle Mountain, Utah, according to an online article in Provo, Utah’s Daily Herald.
“We started five years ago in Oregon on a product that I had been working on for six years in Utah,” Jarem Frye, founder of SymBiotechs USA, said. “We’ve been going ever since, and have tripled in sales nearly every year since then. We wanted to move the business to Utah and we found out about Eagle Mountain…and it was just a really good fit for our future plans.”
Right now, sales are based on one product, the XT9 Energy Storing Prosthetic Knee. The company has been outsourcing the product’s manufacture, but is currently looking to open its own manufacturing facility. The company plans to hire five to eight people soon, and could hire as many as 50 to 100 people over the next ten years.
