Creare offers users engineering research, development, and consulting services. The company develops technology, products, and solutions for clients ranging from NASA and DOD to biomedical and consumer products companies. Creare provides solutions to R&D, process and software development, and product design problems through the application of engineering, fabrication capabilities, manufacturing techniques, and analysis and computer modeling skills.
Founded in 1961, the company’s roots grew from specialization in fluid dynamics—serving the turbomachinery and nuclear industries particularly, during the 1960s and 1970s. During the 1980s, Creare diversified into the energy, aerospace, cryogenics, and materials processing industries. In the 1990s, they included software, controls, and biomedical applications. The privately owned engineering services company commercializes their proprietary technologies through licensing or the creation of independent product companies. The company employs about 2000 people and generates annual revenues of about $470 million.
Independent companies with the company's roots include the following:
- Hypertherm: A global company manufacturing industrial cutting products and software. It was established in 1968 to advance and market technology and developed at Creare.
- Creonics: Established in 1982, is now included in the Allen-Bradley division of Rockwell International. It develops and manufactures motion control systems for different industrial processes.
- Spectra: Producer of high-speed ink jet print heads and ink deposition systems (now a subsidiary of Fujifilm Dimatix). Was established in 1984 using deposition technology developed at Creare.
- The company's expertise in computational fluid dynamics (CFD) produced a suite of CFD software marketed by Fluent, a spin-off company began in 1988 which is now a part of ANSYS Inc.
- Mikros: Established in 1991, the company provides precision micro-machining services using electric discharge machining technology developed at Creare.