ROCHESTER, Minn.--(BUSINESS WIRE)--RION, a pioneer in regenerative medicine and exosome technology, has unveiled a major expansion of its manufacturing operations with the inauguration of a state-of-the-art facility in Rochester, Minnesota. In collaboration with Rochester Area Economic Development, Inc., this move represents a significant milestone in RION's mission to bolster its manufacturing capabilities in support of its groundbreaking Rion Aesthetics spin-off and its globally renowned skin and hair brand, (plated)™ Skin Science.
Spanning approximately 14,000 square feet, the new facility equips RION with advanced industrial space to ramp up the production of the (plated)™ Skin Science brand. Launched by Rion Aesthetics in 2022, this brand has swiftly gained traction among Plastic Surgeons, Dermatologists, and upscale Medical Spas. With Rion Aesthetics surpassing its sales projections by over 50% in 2023, this expansion by RION becomes imperative to sustain the remarkable growth of (plated)™ Skin Science.
To facilitate the expansion of the new facility, Governor Tim Walz and the Minnesota Department of Employment and Economic Development (DEED) have granted RION funding from the Job Creation Fund and Minnesota Investment Fund. RION stands to receive up to $440,000 from the Job Creation Fund and up to $175,000 from the Minnesota Investment Fund. These incentives aim to bolster RION's efforts in generating and retaining high-quality employment opportunities for the state of Minnesota while augmenting the local and state tax revenue, thereby fortifying Minnesota's economic landscape.
"The expansion of our new facility in Rochester translates to job creation for Minnesota and increased capacity to meet the soaring demand for the (plated)™ Skin Science brand," remarked Dr. Atta Behfar, Co-Founder of RION. "This facility marks a pivotal stride for RION as we endeavor to realize Rion Aesthetics' transformative vision: offering beauty from within while spearheading the industry's shift towards more science-driven, innovative, and transparent aesthetic solutions."
About RION
RION, established out of the Mayo Clinic Employee Entrepreneurial Program in 2017, is a clinical-stage regenerative medicine company based in Rochester, MN. With a commitment to changing the approach to regenerative medicine, the company has isolated from platelets a unique exosome phenotype that is the key to tissue regeneration in the body called Purified Exosome Product or PEP™ which was discovered at the Mayo Clinic Van Cleve Cardiac Regenerative Medicine Program. RION has advanced this technology by building a proprietary platform focused on defining PEP™’s mode of action, scaled exosome manufacturing and therapeutic applications.
About RION AESTHETICS
Rion Aesthetics, a regenerative aesthetics company founded in Rochester, MN, and backed by over 15 years of visionary science, is at the forefront of platelet-derived exosome innovation, focusing on investigational studies in hair restoration and facial wrinkle treatment. Additionally, in 2022, the company introduced (plated)™ Skin Science, an award-winning skincare line powered with Renewosome™ technology, designed to rejuvenate the skin's appearance.
About ( plated )™ Skin Science
(plated)™ Skin Science is an internationally recognized aesthetics product line, spearheading the industry's shift towards scientifically grounded and innovative exosome-based solutions to improve the appearance of the skin and hair. This versatile product line, featuring products for anti-aging, post-procedure recovery, and fuller-looking hair, is powered by Renewosome™ technology, an award-winning blend of platelet-derived exosomes with powerful antioxidants and a growth factor complex. For more information, please visit platedskinscience.com.
