A Texas company that builds devices that can deliver large amounts of energy to critical defense and other industrial power systems with cutting-edge “pulsed power” technology is expanding to Utah.

Lunar Resources, based in Houston, plans to build its next factory in Salt Lake County after receiving a promised post-performance tax credit from the state’s Governor’s Office of Economic Development, the office announced this month.

The company will build out a new “HELIX-1″ factory, creating an estimated 420 jobs and who will, combined, receive more than $188 million in wages over 10 years. The state estimates the company will invest nearly $85 million in Utah during that time.

In exchange, the company could get back up to 30% of the new state tax revenue it generates over the deal’s 10-year timeline. If it meets the state’s $47 million projection for new state revenue, it could be refunded more than $14 million in tax credits.

Lunar Resources’ expansion into Utah will help the state retain its position as “a leader in cutting-edge manufacturing and technologies,” said Jefferson Moss, commissioner of the Governor’s Office of Economic Development.

The company specializes in “pulsed power technology,” using its trademark “Helix Driver” solid state devices that combine the capabilities of a transformer, converter and battery, the company says on its website.

Instead of the standard continuous power systems that provide a “steady flow of energy,” pulsed power releases energy when needed in “intense, high-powered pulses” that allows “customizable energy delivery tailored to specific applications,” the company says.

The Salt Lake County factory is poised to become the largest for pulsed power manufacturing in the country, according to the Governor’s Office of Economic Development.

The company did not immediately respond to The Salt Lake Tribune’s request on Tuesday for more information on what exactly would be built at the factory and how those devices could be used.

Its website lists applications for its devices in both terrestrial and space-based electrical power systems, as well as in powering defense manufacturing and military equipment and vehicles, including in orbit satellite welding.

47G, the Utah group focused on promoting the state’s defense and aerospace industry, has said the Beehive State hosts the country’s “fastest growing” defense and aerospace industry — bolstered “by building the premier hard tech and dual-use ecosystem in the United States.”

Hard tech is “where bytes meet atoms. Where what you touch and what you code, merge,” according to Purdue President Mung Chiang, who launched the university’s “Hard Tech Corridor,” meant to foster the technology.

Lunar Resources is another such hard tech company planning to call Utah home, joining the likes of drone startup Vector and longtime defense and aerospace contractor Northrop Grumman.

“Their pioneering technology aligns with our future-focused mindset and will serve as a powerful economic catalyst,” Moss said. “We are optimistic about how this groundbreaking work will create opportunities for Utahns for many years to come.”