The cat is out of the bag regarding the mystery company coming to Osceola. It was reported in August that Osceola County commissioners approved an incentive deal for an unnamed company. Now we know that Photon-X, a 3-D imaging company, is relocating its headquarters from Alabama to a county-owned building in Osceola Heritage Park on U.S. Highway 192 near Kissimmee.

Media reports quoted Osceola County Commission Chairman Frank Attkisson: “This is a game changer for Osceola County. We’re staking our claim that we’re going high tech.”

Reportedly the company wanted close proximity to the region’s theme parks, the Medical City at Lake Nona and the military- simulation businesses based here (see cover story).

Founded in 1999, Photon-X is an imaging technology company focused on Spatial Phase imaging (SPI) research and core products. Today it serves a variety of areas, including optics, imaging, sensors, photonics, physics and computer science.

The high-tech company will create 110 jobs paying an average annual salary of $62,000. Due to its high-level compensation, the company qualified for $770,000 in incentives, including tax refunds and reduced rent. Under the terms, the company must create the 110 jobs within three years.