Schenectady Metroplex Development Authority

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Schenectady, N.Y., October 8, 2008 - Metroplex today announced that Cyclics, a high-tech company headquartered in Schenectady which develops, test and manufactures specialty resins, polymers as well as a line of tooling products, has made the final payment on its $1.25 million loan.

Transfinder Corporation Relocation Project: Resolution 712-11 — Adopt the General Project Plan Founded in 1988 and headquartered in Schenectady, Transfinder Corporation applies MapInfo’s industry-leading mapping technology and database management to deliver superior transportation and logistics management solutions. The company’s products allow school districts to manage bus routes, provide safe and efficient student transportation, and access a wealth of critical district information.

Quirky Inc., a New York City based product development company, has leased 22,000 square feet of office space in Center City occupying the entire 4 th and 5 th floors for customer services and product testing / quality assurance operations. Quirky is investing over $1.4 million in fitting up the space to meet the needs of the fast growing company, which anticipates hiring up to 180 employees. Resolution 896-14 called for holding a public hearing on a proposed $450,000 grant for leasehold improvements plus discounted parking for employees. Mr. Capovani moved Resolution 896-14; seconded by Mr.

The $3.25 million project involved leasing the former V-Stream Building in Rotterdam (with an option to buy), renovating, equipping and consolidating specialty metalized fiber production now located in Ohio and Connecticut. EFT’s parent company is publicly traded on the London Stock Exchange and was founded in 1845. Plans call for employing 30+ people and additional investment over the next several years. Metroplex’s participation involves a $100,000 grant for interior improvements and/or production equipment. Ms. Jordan moved Resolution 757-12; seconded by Mr. Lewis.

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