Markforged Announces New International Corporate Headquarters To Accommodate Company’s Development

WATERTOWN, Mass.–(Business WIRE)–Markforged (NYSE: MKFG), creator of the integrated steel and carbon fiber additive producing platform, The Electronic Forge, today introduced its programs to relocate its global headquarters to Waltham, Mass. The new corporate headquarters will unite Markforged personnel who have been performing from two unique services in Watertown in one spot at 60 Tower Street, and Markforged will practically double its footprint to help even more growth.

“I am incredibly very pleased of our team’s successes around the very last yr and the momentum that we’re developing. We go on to develop and speed up our item roadmap, and are observing demand from customers for our latest solutions, like the Fx20. Our rapidly rising crew has virtually doubled in 2021, and this headquarters relocation is a pure up coming phase that will enable us to build a point out-of-the-artwork house for our workers, our associates, and our customers to encounter what Markforged is all about,” reported Shai Terem, President and CEO. “I am most excited about bringing our company, professional, and engineering teams alongside one another less than a single roof to gas collaboration and innovation. Doing the job as a person workforce is the most essential benefit of our culture and our success, and this new area will empower our staff to operate aspect by side to fulfill our mission to reinvent producing.”

The new headquarters will occupy 120,000 square toes throughout four floors. This LEED Gold certified, present day workspace can accommodate around 500 crew users with an expansive 5,000 sq. foot roof deck, superior windows with all-natural light, and an interactive products showroom that will develop a collaborative atmosphere for Markforged workers and is in walking length of area restaurants and shops. In addition, the enterprise will be making out condition-of-artwork engineering amenities and laboratories for its teams to go on delivering the accelerated and modern products roadmap all over hardware, software package, and consumables that make up the Electronic Forge. Markforged expects to total the transfer in the tumble of 2022.

In addition, as Markforged appears to fulfill demands for its goods, it will also virtually double the size of its Billerica, Mass. filament production facility in 2022 by including nearly 22,000 sq. ft, bringing the overall footprint to 46,000 sq. toes. Markforged anticipates the completion of this growth by the end of up coming calendar year.

“As we introduce new products and solutions like the Forex20 to the marketplace, we are excited to spend in the business to satisfy shopper desire,” explained Matt Gannon, Vice President, Operations at Markforged. “This new house will greater place Markforged to scale our consumables procedures and lay the foundation for new components progress.”

Rob Byrne and Philip Verre of Cushman & Wakefield brokered the lease for Markforged with Boston Attributes, owner of 60 Tower Highway. IA Interior Architects has been picked as the style and design organization to create a headquarters that will assistance Markforged’s development and replicate its robust lifestyle.

About Markforged

Markforged (NYSE: MKFG) is reimagining how individuals establish every little thing by major a technology-pushed transformation of production with answers for enterprises and societies all through the world. The Markforged Digital Forge provides the electrical power and velocity of agile program advancement to industrial producing, combining components, software, and materials to resolve supply chain complications right at the position-of-want. Engineers, designers, and production industry experts all around the earth count on Markforged steel and composite printers for tooling, fixtures, practical prototyping, and high-worth finish-use generation. Markforged is headquartered in Watertown, Mass., in which it models its products with above 350 workers all over the world. To find out extra, take a look at www.markforged.com.

Specific Take note With regards to Forward-Hunting Statements

This press launch has forward-searching statements that are centered on beliefs and assumptions and on data presently obtainable. In some conditions, you can identify forward-seeking statements by the subsequent words: “could,” “will,” “could,” “would,” “need to,” “anticipate,” “intend,” “prepare,” “anticipate,” “consider,” “estimate,” “predict,” “challenge,” “opportunity,” “carry on,” “ongoing” or the destructive of these phrases or other equivalent terminology, while not all forward-hunting statements comprise these words and phrases. These statements entail pitfalls, uncertainties and other elements that may well lead to genuine outcomes, stages of exercise, performance or achievements to be materially diverse from the information expressed or implied by these ahead-seeking statements. While Markforged thinks that it has a reasonable basis for each individual ahead-hunting statement contained in this push release, Markforged cautions you that these statements are centered on a mix of points and aspects at present recognised by it and its projections of the future, about which it can not be certain. Ahead-looking statements in this push release include things like, but are not constrained to, statements about demand for Markforged product and expert services, the enhancement of new merchandise and providers and the impression of the recently-declared headquarters relocation and growth of the filament manufacturing facility on Markforged’s company and income. Markforged are unable to assure you that the forward-looking statements in this press release will demonstrate to be accurate. These forward hunting statements are matter to a variety of pitfalls and uncertainties, which include, between other individuals, normal economic, political and business problems and other factors mentioned under the header “Risk Elements” in the in Markforged’s most latest registration assertion on Type S-1, Markforged’s most the latest periodic report on Form 10-Q and other filings with the Securities and Exchange Commission (‘SEC”),. On top of that, if the forward-searching statements prove to be inaccurate, the inaccuracy might be material. In gentle of the significant uncertainties in these forward-hunting statements, you need to not regard these statements as a representation or warranty by us or any other man or woman that Markforged will reach its targets and ideas in any specified time body, or at all. The ahead-seeking statements in this press launch represent Markforged’s views as of the day of this push launch. Markforged anticipates that subsequent events and developments will trigger its views to improve. Nevertheless, although Markforged might elect to update these ahead-searching statements at some position in the long term, Markforged has no present-day intention of accomplishing so except to the extent expected by relevant regulation. You really should, thus, not depend on these forward-hunting statements as symbolizing Markforged’s views as of any date subsequent to the day of this push release.