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Markforged Completes Move to New Global Headquarters
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Rhea-AI Summary
Markforged (NYSE: MKFG) has transitioned to its new Global Headquarters in Waltham, Massachusetts, uniting over 500 employees previously located in separate facilities. The new 120,000 sq ft LEED Gold certified space features modern amenities, an interactive showroom, and advanced engineering labs aimed at enhancing productivity and innovation. This strategic move will allow faster technology development for manufacturing customers, fostering a 'One Team' culture and improving collaboration among corporate, commercial, and engineering teams.
Positive
Relocation to a modern 120,000 sq ft HQ enhances collaboration and productivity.
New location features state-of-the-art engineering labs and interactive showrooms.
Consolidation of teams under one roof expected to accelerate product innovation.
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State-of-the-art R&D labs and in-person collaboration will accelerate product innovation and improve productivity
WALTHAM, Mass.--(BUSINESS WIRE)--
Markforged (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced it has completed the transition to its new Global Headquarters at 60 Tower Road in Waltham, Massachusetts.
(Photo: Business Wire)
The new Markforged Global Headquarters can accommodate over 500 employees and includes an interactive product showroom and state-of-the-art engineering labs.
This move unites employees who had previously been split between a corporate headquarters and a research and engineering facility in Watertown, Massachusetts. Under one roof, the team can better work together, accelerating development of the company’s hardware, software and materials innovations.
“This move is a significant milestone for Markforged,” said Shai Terem, President and CEO of Markforged. “It will allow us to continue developing cutting-edge technology and solutions faster than ever before so that our manufacturing customers around the world can rely on us for mission critical part production right on their factory floors.”
The headquarters features a modern design and amenities to promote teamwork, innovation and employee well-being. The 120,000 sq ft of LEED Gold certified office space includes open work areas, meeting rooms, and a variety of breakout spaces for team members to collaborate and share ideas. The facility is now the home of Markforged’s corporate, commercial, and engineering teams, increasing interdepartmental synergy and customer service by enabling more communication between teams.
“We are thrilled to have our entire metro Boston team in one location, as this will foster a stronger sense of community and collaboration. Not only can we be more efficient but our new home gives us the room to have fun and be with each other more often,” says Dorit Liberman, Chief Human Resources Officer of Markforged. “We believe that this move will enhance our ability to foster our ‘One Team’ culture as we continue to grow.”
About Markforged
Markforged (NYSE:MKFG) is enabling more resilient and flexible supply chains by bringing industrial 3D printing right to the factory floor. Our additive manufacturing platform The Digital Forge allows manufacturers to create strong, accurate parts in both metal and advanced composites. With over 10,000 customers in 70+ countries, we’re bringing on-demand industrial production to the point of need. We are headquartered in Waltham, Mass where we design the hardware, software and advanced materials that makes The Digital Forge reliable and easy to use. To learn more, visit www.markforged.com.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “strategy,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “opportunity” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although Markforged believes that it has a reasonable basis for each forward-looking statement contained in this press release, Markforged cautions you that these statements are based on a combination of facts and factors currently known by it and its projections of the future, about which it cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding demand for Markforged product and services, the development of new products and services and the impact of the newly-announced headquarters relocation on Markforged’s business and revenue. Markforged cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, general economic, political and business conditions and other factors discussed under the header “Risk Factors” in Markforged’s most recent periodic and other filings with the SEC. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that Markforged will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent Markforged’s views as of the date of this press release. Markforged anticipates that subsequent events and developments will cause its views to change. However, while Markforged may elect to update these forward-looking statements at some point in the future, Markforged has no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing Markforged’s views as of any date subsequent to the date of this press release.
What is the significance of Markforged's new headquarters?
Markforged's new headquarters in Waltham, Massachusetts aims to enhance collaboration and accelerate innovation by uniting over 500 employees previously split between two locations.
How will the new headquarters impact Markforged's operations?
The new headquarters is designed to improve productivity and foster teamwork, which is expected to lead to faster development of hardware, software, and materials innovations.
What features does the new Markforged headquarters have?
The headquarters includes state-of-the-art engineering labs, an interactive product showroom, and 120,000 sq ft of LEED Gold certified office space.
When did Markforged complete the transition to the new headquarters?
Markforged completed the transition to its new Global Headquarters in Waltham, Massachusetts as announced in their press release.
How many employees can the new Markforged headquarters accommodate?
The new Markforged headquarters can accommodate over 500 employees.
