Praxis Technology has announced plans to expand its business, moving its two facilities in Queensbury, New York, USA, to a larger site in Pruyn’s Island, Glens Falls, New York, reports Glens Falls Business Journal.
“We purchased the building and are relocating both of our facilities that are currently in the industrial park by the airport,” stated Joseph Grohowski, founder and president of Praxis Technology. “We’re doing it for a number of reasons. One is that we want to have all of our operations under one roof. Two is that we need room to grow. We are pretty much out of room in our current two facilities. It’s a great opportunity for us to lay the foundation for future growth as well as to create a really nice environment for our employees. It’s very important to us that Praxis is a great place to work.”
According to Grohowski, Praxis will invest approximately $1 million to reoutfit the Pruyn’s Island facility. The process will begin as soon as possible and the company is expected to be relocated by the middle of 2023.
Praxis currently employs fifty people, and staff levels are expected to increase. Grohowski said the company’s growth is being fueled by its flagship Metal Injection Moulding technology for titanium.
“The technology allows us to form titanium in a very similar way to injection plastic,” added Grohowski. “It gives our customers lower manufacturing costs as well as increased design flexibility. We have seen rapid growth in the adoption and acceptance of the technology. We see this being a big part of our future. We are planning on commercialising some Additive Manufacturing technology for our markets, as well.”
Many of the implant-grade titanium parts that the company manufactures are used in hip, knee, and spinal surgeries; Praxis has manufactured over 250,000 implantable devices. In addition to being used in the medicine and aerospace, the company’s components are also used in the auto, marine, and sporting goods industries.
“We’re excited to continue growing in the community,” Grohowski concluded. “The Glens Falls area has been a great place for us to be because of the strong medical device manufacturing base. We’re looking forward to making our company even stronger.”