Q Tires, a global manufacturer and marketer of all-year, all-weather tires, recently announced that the company will relocate its corporate research and development facility from Akron, Ohio, to Greenville, S.C., thanks in part to a $20,000 grant from the Advance SC fund sponsored by Duke Energy. The relocation reflects a $1.2 million investment and will add 5 new jobs to the Upstate economy initially.
Q Tires expects to begin relocating the equipment and individuals beginning in the latter part of 2007.
The company also received a $200,000 investment check from SC Launch. The economic development incentive further solidified Q Tires’ position as the best-funded Upstate start-up in recent years, with over $8 million committed by investors.
“The Advance SC investment is further validation of Q Tires and its growth potential,” Roy Bromfield, president and CEO of Q Tires, Inc., said. “We are pleased to bring the research and development function to Greenville and the Upstate, and are appreciative for the commitment to do so from Advance SC.”
Q Tires will place the company’s research and development hub locally, initially with five employees, as well as contractors and consultants reporting to the Greenville location. Currently, Q Tires has 10 employees and unites resources from multiple geographies including Portland, Akron and China in addition to institutions such as the University of Akron.
Q Tires, Inc. headquartered in Greenville, SC, is a technology company, global manufacturer and marketer of all-year, all-weather tires containing patented, deployable Studs on Cue technology that eliminates the need for seasonal tire changes.
The Q wireless activated technology enables studs to extend, on cue, from above the surface of the tire during times of packed snow and ice, yet remain below the surface during gentler, normal conditions. Q Tires are designed to deliver better driving safety, convenience and the opportunity to preserve highways.
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