PRZOOM - /newswire/ -
Lafayette, CO, United States, 2015/04/24 - Magswitch Technology, the worldwide leader in manufacturing and solution provision of switchable magnets, announces the expansion of their world headquarters to accommodate continuing growth and future market development plans.
The new 22,000 square foot facility is located at 1355 Horizon Ave. in Lafayette, Colorado.
An Australian company, Magswitch Technology has designed, developed and manufactured a diverse range of products incorporating proprietary technology in switchable magnets that is literally “Changing the way things are done.” From welding and woodworking tools to highly technical robotics tools, Magswitch is fast becoming a global brand known for innovation, urgency and speed to the market. In the beginning, technology drove the company’s corporate strategies, with a business model focused on protection of its “simple but elegant” magnetic technology.
Today, with numerous patents and patents pending in major industrialized markets across the globe, Magswitch Technology has evolved into an integrated business. In addition to research and development, Magswitch Technology now delivers product design, engineering, manufacturing and product distribution across numerous global markets.
The new facility allows for expanded engineering capability to deliver new platform development, on-site testing, application engineering and strategic R&D. This expansion continues to support the company’s growth and follows the opening of a dedicated automation R&D facility in Ingolstadt, Germany and a corporate office in Mumbai, India. The new facility will bring Magswitch warehousing onto the same campus and allow for technical manufacturing to be established on-site in the future.
Magswitch Technology’s culture of innovation relies on collaboration among employees across the organization and this new facility provides the space needed for a growing team. The building will feature in-house training facilities where global customers and partners are given a more hands-on experience with Magswitch products.
“As a fast-growing technology company, this new space not only fits our strategic needs, it also enables us to bring our engineering, research and development, sales and warehouse under one roof,” said Aussie David Morton, Chief Executive Officer. “This expansion is a testament of the success our company has experienced and marks a new chapter for Magswitch Technology. Importantly, it reflects our commitment to meeting the needs of our customers into the future through our commitment to innovation in all we do.”