MetOx International Inc., a manufacturer of high-temperature superconducting (HTS) wire, announced that it will build a major production facility in Chatham County, North Carolina.

In a Dec. 20 report in the Chatham Journal, the company discussed its plans for the nearly $194 million project that is expected to create more than 330 jobs. The company’s project in the Research Triangle region of North Carolina will build a major manufacturing center to produce the company’s Xeus™ HTS wire.

Per the company’s website, Xeus wire can make transmission cables up to 10 times more efficient than traditional copper cables. It is designed to operate at much higher temperatures and can produce much stronger magnetic fields than low temperature superconducting wire. MetOx proprietary manufacturing process is the most advanced in the world for large scale HTS wire production.

“Establishing our new large-scale manufacturing facility in Chatham County is a pivotal step toward securing a reliable, domestic supply of HTS wire for the development of critical infrastructure in the United States,” said Bud Vos, CEO of MetOx.

Last October, MetOx reported that it had been selected to negotiate $80 million in funding from the U.S. Department of Energy (DOE) to establish an advanced manufacturing facility in the southeastern U.S. “The groundbreaking initiative—Project Arch—will be the first large-scale HTS wire production facility of its kind in the country.”