News

Iconacy, Micro Machine Hold Ribbon Cuttings

by Stacey Page

 

(Photo provided)

 

Iconacy Orthopedic Implants LLC, 4130 Corridor Dr., Warsaw, held a ribbon cutting ceremony this morning becoming Warsaw’s newest family of orthopedic developers.

 

Iconacy President and CEO Tom Allen said $2.63 million was invested in the company, which produces and markets a total hip replacement system and holds an estimated 36 patents, in renovations and equipment to the new facility. Iconacy now occupies nearly 50,000-square-feet of office space and nine acres of land which also houses a warehouse. Currently, Iconacy is a research and development company and employees engineers with more than 100 years of combined experience in the industry.

 

Iconacy currently has 14 employees and plans to add 50 more jobs in the next four to five years. Iconacy also plans to also invest nearly $2 million in personal property including manufacturing equipment such as CNC mill machines and related tooling, and IT equipment and software in that time period.

The company officially opened in August and has already received its first clearance to market a total hip replacement system under the trademark name I-Hip.

The I-Hip system consists of femoral stem and acetabular cup porous coated components intended for cementless, press-fit fixation, patented highly cross-linked polyethylene liners, and Co-Cr alloy femoral heads.

 

Also held this morning just across Corridor Drive from Iconacy, was a ribbon cutting ceremony for Micro Machines.