Thursday, August 16, 2012

Accelr8 Moves Corporate Headquarters to Tucson

After a competitive multi-state process, Accelr8 Technology Corporation (NYSE MKT: AXK) today announces that it is moving its headquarters from Denver, CO to Tucson, AZ.

Founded in 1982, Accelr8 develops instruments used for the detection of pathogenic microorganisms. Its BACcel™ rapid diagnostic system, in development, is the first technology that is able to count and identify dangerous pathogens and their drug resistance expression within the same day of obtaining a patient specimen, instead of the two to three days required for standard methods. This speed allows for a significant improvement in the treatment of the over 1.7 million people in the US who contract a hospital acquired infection each year, and access to a multi-billion dollar market.

Accelr8 has selected Tucson as best meeting its needs for future high-growth plans. Accelr8 will bring high-skilled, high-wage jobs to Southern Arizona with plans to fill 65 positions over the next three years and the potential to grow to 200-300 employees in subsequent years. Headquarter positions include engineers, scientists, sales/marketing, management, finance, quality/regulatory and manufacturing. The company will occupy approximately 15,000 square feet of space in Pima Countys Herbert K. Abrams Public Health Center at 3950 S. Country Club Road (Located in Ward 5). After a build out of wet lab space, the company is expected to be operational by early 2013. 

Accelr8 is developing a revolutionary product in the diagnostics area and we were impressed with the regions emerging bioscience strength, innovation and support that can help ensure our future success, said Lawrence Mehren, president and CEO, Accelr8 Technology Corporation.

Councilmember Richard Fimbres thanks TREO, County government, the Tucson City Manager's Office and the City's Economic Incentive office - Chris Kaselemis and Debbie Chandler, for their work on this effort.

Fimbres went on to address those in attendance at the press conference, which included Accelr8 CEO, Lawrence Mehren, held August 16, at the TREO offices.  He went on to say:
"I am proud to welcome Accelerate Technology Corporation to Ward 5 in the City of Tucson.  You have a great location in the burgeoning southern part of our community.

"Tucson's high-tech economy has steadily grown thanks to the work of many companies in my ward such as Raytheon Missile Systems, Bombardier, Bruker Nano, Applied Energetics, Ascent, Involta, and Universal Avionics as well as the University of Arizona, the companies at the U of A Tech Park and the UA BioPark and Pima College, located in Ward 5. All of these entities will be your new corporate neighbors.

"This announcement is another example that Tucson means business. I want to thank the City Managers office and staff, Chris Kaselemis and Debbie Chandler for their work on this.

"I want to thank you Larry John and Jack for the 65 high-wage jobs that your company will bring, the $255 million economic impact and your commitment to Tucson."