• Fri. Jun 24th, 2022

Markforged announces new global headquarters to accommodate business growth

Materials manufacturing plant will also nearly double its footprint in 2022

WATERTOWN, Massachusetts, December 22, 2021– (BUSINESS WIRE) – Markforged (NYSE: MKFG), creator of integrated metal and carbon fiber additive manufacturing platform The Digital Forge, today announced plans to relocate its global headquarters to Waltham, Mass. The new headquarters unite Markforged employees who worked from two different facilities in Watertown into one location at 60 Tower Road, and Markforged will almost double its footprint to enable future growth.

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Markforged’s new headquarters at 60 Tower Road in Waltham, Massachusetts will bring together employees who worked from two different facilities in Watertown into one location. (Photo: Business Wire)

“I am very proud of the success of our team over the past year and the momentum we are building. We continue to develop and accelerate our product roadmap, and see demand for our newer products, like the FX20. Our rapidly growing team has nearly doubled in 2021, and this head office move is a natural next step that will allow us to create a state-of-the-art space for our employees, partners and customers to find out what it is. Markforged, ”said Shai Terem, President and CEO. “I am very excited to bring our corporate, sales and engineering teams together under one roof to fuel collaboration and innovation. Working as a team is the most important value of our culture and our success, and this new space will allow our employees to work side by side to fulfill our mission to reinvent manufacturing. “

The new head office will occupy 120,000 square feet over four floors. This modern LEED Gold certified workspace can accommodate over 500 team members with an expansive 5,000 square foot rooftop terrace, tall windows with natural light and an interactive product showroom that will create an environment of collaboration for Markforged employees and is within walking distance of local restaurants and shops. Additionally, the company will build state-of-the-art engineering facilities and labs for its teams to continue delivering the accelerated and innovative product roadmap around the hardware, software and consumables that make up Digital Forge. Markforged plans to complete the move in fall 2022.

Additionally, as Markforged seeks to meet demand for its products, it will also nearly double the size of its Billerica, Mass., Filament manufacturing plant in 2022 by adding nearly 22,000 square feet, bringing the total footprint at 46,000 square feet. Markforged expects this expansion to be completed by the end of next year.

“As we bring new products like the FX20 to market, we are excited to invest in the business to meet customer demand,” said Matt Gannon, vice president of operations at Markforged. “This new space will better position Markforged to develop our consumables processes and lay the foundations for the development of new materials. “

Rob Byrne and Philip Glass of Cushman & Wakefield negotiated the Markforged lease with Boston Properties, owner of 60 Tower Road. IA Interior Architects has been selected as the design firm to create a head office that will support Markforged’s growth and reflect its strong culture.

About Markforged

Markforged (NYSE: MKFG) is reinventing the way humans build while leading a technology-driven manufacturing transformation with solutions for businesses and corporations around the world. Markforged Digital Forge brings the power and speed of agile software development to industrial manufacturing, combining hardware, software and materials to solve supply chain problems just at the point of need. Engineers, designers and manufacturing professionals around the world trust Markforged metal and composite printers for tooling, assemblies, functional prototyping and high value end production. Markforged is headquartered in Watertown, Massachusetts, where it designs its products with more than 350 employees worldwide. To learn more, visit www.markforged.com.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements 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”, “should”, “should”, “expect”, “intend”, ” plan “,” anticipate, “” believe “,” estimate “,” predict “,” project “,” potential “,” continue “,” in progress “or the negative of these terms or other comparable terminology, well that all forward-looking statements do not contain these words. These statements involve risks, uncertainties and other factors that could cause actual results, levels of activity, performance or achievements to differ materially from the information expressed or implied by such forward-looking statements. Although Markforged believes that there is a reasonable basis for each forward-looking statement contained in this press release, Markforged cautions you that such statements are based on a combination of facts and factors currently known s by her and her projections of the future, about which she cannot be certain. Forward-looking statements contained in this press release include, but are not limited to, statements regarding the demand for Markforged products and services, the development of new products and services and the impact of the new headquarters and location. expansion of the filament manufacturing plant on Markforged’s business and revenues. Markforged cannot assure you that any forward-looking statements contained in this press release will prove to be correct. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, general economic, political and business conditions and other factors discussed under the heading “Risk Factors” in the statement. most recent registration from Markforged on Form S-1. , Markforged’s most recent periodic report on Form 10-Q and other documents filed with the Securities and Exchange Commission (“SEC”). In addition, if forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the material uncertainties in these forward-looking statements, you should not take such statements as a representation or guarantee by us or any other person that Markforged will achieve its goals and plans within a specified time frame, or not at all. this press release represents the views of Markforged as of the date of this press release. Markforged anticipates that subsequent events and developments will cause its opinion to hang. However, although Markforged may choose to update these forward-looking statements at any time in the future, Markforged currently has no intention to do so, except to the extent required by applicable law. You should therefore not rely on these forward-looking statements as representing the views of Markforged as of a date subsequent to the date of this press release.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211222005537/en/

Contacts

Markforged

Media
Paulina Bucko, communications manager
paulina.bucko@markforged.com

Investors
Austin Bohlig, Director of Investor Relations
investors@markforged.com


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