Fort Wayne, IN — Sortera Alloys, an early-stage, high-tech metal recycling company, announced plans to move its manufacturing operations from Texas to Indiana, creating up to 100 new jobs at its new Fort Wayne facility by the end of 2022.
“Indiana continues to lead the way in advanced manufacturing as companies like Sortera choose to locate and innovate in our state,” said Indiana Secretary of Commerce Jim Schellinger. “With our skilled and robust manufacturing workforce that employs one in five Hoosiers, Indiana is a great place for cutting-edge innovators to establish and grow.”
Sortera uses cutting-edge artificial intelligence to sort and recycle non-ferrous scrap metal from vehicles on a commercial scale. These metals—aluminum, copper, zinc, brass and others—may then be converted into new, high-value products. The Fort Worth, Texas-based company is investing up to $4.2 million to purchase and equip its new 40,000-square-foot manufacturing operation at 909 N. Coliseum Blvd in Fort Wayne. Sortera is partnering with local metal processing companies to deploy a fully integrated demonstration system, which will be able to produce 100 million pounds of recycled materials annually and is expected to be operational by March 2021.
“This new facility will be the place we take our technology to the next level,” said Nalin Kumar, president and CEO of Sortera. “We believe we can make a global impact, and we’re happy to take this important step in Fort Wayne.”
The company, which currently employs 15 associates in Texas and six in Indiana, plans to hire software engineers, electrical engineers, mechanical engineers, technicians and other workers beginning this month. Interested applicants may apply by emailing email@example.com.
Sortera is led by a team of seasoned innovators in advanced materials, electronic instrumentation and equipment development. After demonstrating its technology as part of the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E), the company recently received an investment from Chrysalix Venture Capital, a global venture capital fund.
“We’re encouraged to see that companies continue to look to Fort Wayne to invest and grow,” said Fort Wayne Mayor Tom Henry. “We welcome Sortera Alloys and look forward to their success. This significant financial investment and new jobs indicate our community is heading in the right direction as a leader in unique economic development opportunities.”
The Indiana Economic Development Corporation offered Sortera Alloys Inc. up to $1 million in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Fort Wayne supports the project in partnership with Greater Fort Wayne Inc.
About Sortera Alloys
Sortera Alloys is the developer of an intelligent sorting system for the upcycling of non-ferrous scrap metal, including aluminum, copper, zinc, and brass. The system enables accurate, high throughput sorting by metal type and alloy composition through a combination of sensor fusion (XRF, optical), AI/ML image processing and an advanced scrap feeder design. For more information about Sortera Alloys, visit sorteraalloys.com.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.