Aribex Receives Utah Life Science Incentive for Growth

OREM, Utah--(BUSINESS WIRE)--Aribex, Inc., the worldwide leader in handheld x-ray technologies, has qualified for up to $350,000 in financial incentives from the state of Utah for expansion of their manufacturing capacity.

“It also acknowledges the fact that we have the innovation, the resources, and the talent to take full advantage of the opportunities and growth ahead of us.”

Aribex will receive the incentive in the form of tax credits that are contingent upon the company hiring 30 more employees in the next three years. The incentives were authorized under the new Technology and Life Sciences Economic Development Act passed by the Utah Legislature in 2011, and administered by the Board of the Utah Governor’s Office of Economic Development.

“We’re honored that our home state recognizes the work that we are doing and the benefits our products bring to the health community, both domestically and internationally,” said Dr. D. Clark Turner, President and CEO of Aribex. “It also acknowledges the fact that we have the innovation, the resources, and the talent to take full advantage of the opportunities and growth ahead of us.”

“Utah’s new medical device incentive is evidence of the impact that a smaller x-ray device from Aribex can have, and how a top-innovation state like Utah can help such companies grow and thrive,” said Richard Nelson, founder and CEO of the Utah Technology Council, an association representing the interests of the state’s 6,000 growing life science, IT and clean tech companies. “We’re proud of the success that the Aribex breakthrough products are having in both the dental industry and in patient care around the world.”

Aribex manufactures the NOMAD^® Handheld X-ray System, which fills the need for a truly portable, lightweight dental x-ray device. Thousands of Aribex NOMAD handheld devices are now in use in the finest professional dental offices, as well as providing access to care for hundreds of thousands of underserved people around the world. Unlike the bulky wall-mount systems traditionally used, the Aribex NOMAD is rechargeable and can go anywhere.

About Aribex

Aribex is the worldwide leader in portable and handheld x-ray products for use in clinical, remote and mobile care. The Aribex NOMAD battery-powered handheld device increases x-ray safety by dramatically decreasing the amount x-ray exposure required for correct use. It dramatically decreases costs and provides hundreds of safe, high-quality images for dental, veterinary, medical, industrial and security applications, on a single battery charge. For more information, visit www.aribex.com.