Area Development
Three Cody Gate Ventures companies are expanding in Rochester, New York, bringing a total of 250 new jobs to the area by the summer. Intrinsiq Materials, Quintel Technology, and Omni-ID will hire workers in the fields of research, development, and manufacturing of advanced technologies. The companies will also make significant capital investments in the Rochester area as a result of the expansion.

"We consider ourselves to be an innovation firm, and Rochester has a long history of innovation," said Cody Gate U. S. Managing Partner Michael Summers. "We have already established substantive synergies with a number of the great companies and universities that are located here."

Intrinsiq Materials will hire 158 employees in research, development, and manufacturing for advanced metals for health industries. Quintel Technology will hire 68 employees for its mobile network antenna systems. And Omni-ID will hire 24 employees for research and development of its high-performance radio frequency identification technology.