MANUFACTURING TECHNOLOGY

EV Technology Group Underpins Ambition to Grow With Plans to Open All-New EV Centre of Excellence in Silverstone

EV Technology | August 09, 2022 | Read time : 02:29 min

EV Technology news
EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (OTCQB: EVTGF, NEO: EVTG, DE: B96A), announces today that it has entered into terms with MEPC Silverstone Park (“Silverstone Park”), securing a 90,000 sq ft industrial lease at the historic motoring site. The new facility comprises EV Technology Group’s “EV Centre of Excellence”, and has been constructed by MEPC, and is a part of MEPC’s latest 265,000 sq ft development at Silverstone Park.

This announcement follows the recent announcement of the proposed acquisition by EV Technology Group of Fablink Group Holdings Limited, (“Fablink”), a tier one contract manufacturer in the United Kingdom, who operate seven manufacturing and assembly sites with over 750 employees. Fablink operates its ‘Streamline Automotive’ Division, which services the increasing demand in the U.K. for contract vehicle assembly services, especially in the electric vehicle sector. The new Silverstone facility will allow EV Technology Group and its subsidiaries to rapidly expand electric vehicle manufacturing and assembly capacity, supporting its vision of electrifying iconic brands.

As EV Technology Group looks to expand its house of brands, this state-of-the-art facility will be home to the Company’s electric vehicle engineering and development hub, whilst also providing world class facilities for Streamline Automotive for vehicle assembly and finishing.

Silverstone itself has a rich automotive history - hosting legendary motorsport events like the Formula One. Beyond its history, the site presents an opportunity to take advantage of the large, skilled local labour pool within commuting distance of the site. Silverstone Park is seeing the development of many electric vehicle and technology related businesses, increasing talent density and corporate linkages in the area. For example, the Silverstone Technology Cluster has been formed to support engineering, electronics and software companies in the region as they grow.

“Silverstone has been the home to many iconic motoring stories - and our future electrifying iconic brands here will be part of its next chapter. The site’s location puts us in the heart of the booming UK EV industry, and will allow us to scale manufacture and assembly of electric brands such as the iconic MOKE."

-Wouter Witvoet, CEO and founder of EV Technology Group

EV Technology Group:
EV Technology Group was founded in 2021 with a vision of electrifying iconic brands - the and a mission of redefining the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities.

Spotlight

If your design doesn’t work in the real world, it’s a failure - a basic principle that every good designer understands. It’s also the primary reason physical prototyping has traditionally played an important role in the product development process for manufacturers. Prototyping allows manufacturers to physically test a new design to failure, gain insight into real-world performance and ensure that major design flaws are identified and mitigated before the final product ships.


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MANUFACTURING TECHNOLOGY

Align Technology Opens Its First EMEA Regional Manufacturing Facility in Wroclaw, Poland

Align Technology, Inc. | September 16, 2022

Align Technology, Inc. (“Align”) (Nasdaq: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign® system of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM services for orthodontic and restorative dentistry, today announced the official opening of the first Europe, Middle East & Africa (EMEA) regional manufacturing facility in Wroclaw, Poland. The new plant is Align’s third regional manufacturing facility worldwide, after Juarez, Mexico and Ziyang, China. The state-of-the-art facility in Wroclaw, Poland, will serve as an operations site for Align’s EMEA business and be part of the global manufacturing of almost 1 million unique clear aligner parts per day. The grand opening ceremony took place in Wroclaw on September 15 with the vice-president of the city of Wroclaw, Jakub Mazur, in attendance, together with the Align leadership team and Wroclaw employees. The new Align manufacturing facility is expected to add more than 2,500 jobs by the end of 2025, making it the company’s largest investment in the region to date. The new building has an 80,000m2 surface and follows Align sustainability norms, including LEED and ISO14001 certificates. The new EMEA facility began operations in Q2 2022 as part of Align’s strategy to bring its operational facilities closer to its customers. The EMEA region represents over 7 million annual orthodontic case starts, as well as the more than 150 million consumers who could benefit from a healthy, beautiful smile. Align works directly with doctors to provide them with the Invisalign system of clear aligners to prescribe to their patients to straighten their teeth and transform their smiles. “I’m excited to announce that our first aligner manufacturing facility in the EMEA region and the third one globally has opened in Wroclaw, Poland. This significant investment underscores our commitment to Invisalign trained doctors and their patients in the region and globally and extends our regional operations that include treatment planning facilities (TREAT) based in Poland, Germany, France, and Spain.” -Emory Wright, Align Technology executive vice president, global operations. Added Markus Sebastian, Align Technology’s executive vice president and managing director, EMEA: It is a proud moment to have a state-of-the-art manufacturing facility start its operations in the EMEA region. This operational expansion allows Align to stay closer to our doctor customers, and to continue to deliver outstanding quality of service – by producing thousands of aligner parts per day and by optimizing our production and delivery times. Thanks to the ongoing effort of the whole organization, we can continue our mission to help more doctors create beautiful smiles for their Invisalign patients. The Invisalign system is used by over 225,000 Invisalign trained dentists and orthodontists. Align has helped doctors treat over 13.4 million patients with the Invisalign system worldwide, including 2.6 million patients in the EMEA region. Align plans to support all EMEA Invisalign case shipments by 2025, with Poland, Central Eastern Europe and Spain as the first markets to be serviced from Wroclaw. About Align Technology, Inc: Align Technology designs, manufactures and offers the Invisalign® system, the most advanced clear aligner system in the world, iTero™ intraoral scanners and services, and exocad™ CAD/CAM software. These technology building blocks enable enhanced digital orthodontic and restorative workflows to improve patient outcomes and practice efficiencies for over 229 thousand doctor customers, and is key to accessing Align’s 500 million consumer market opportunity worldwide. Align has helped doctors treat over 13.4 million patients with the Invisalign system and is driving the evolution in digital dentistry through the Align™ Digital Platform, our integrated suite of unique, proprietary technologies and services delivered as a seamless, end-to-end solution for patients and consumers, orthodontists and GP dentists, and lab/partners.

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MANUFACTURING TECHNOLOGY

RDARS Announces New Manufacturing Facility in Pickering, Ontario

RDARS | September 14, 2022

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MANUFACTURING TECHNOLOGY

Crown Laboratories Announces Expansion of Manufacturing Facility

Crown Laboratories, Inc. | July 13, 2022

Crown Laboratories ("Crown"), a leading, fully integrated global skincare company, announced today that it is adding 60,000 square feet to its manufacturing complex in Johnson City, TN. The facility is home to leading dermatological brands such as PanOxyl® acne wash, Blue Lizard® Australian Sunscreen, and Sarna® anti-itch lotion. The additional 60,000 sq. ft. will bring the Lafe Cox Drive facility to approximately 250,000 square feet – enough to accommodate the warehouse space that is required to keep up with Crown's growing manufacturing and packaging needs. The facility manufactures and distributes products for the global market, including prescription, medical devices, OTC and cosmetic products. It has been producing record numbers of finished goods on a consistent month over month basis. "We have been at maximum capacity for some time now, Our organization has grown significantly and as a result, our production demands have nearly doubled in the past couple of years. With that increased production comes additional componentry, cartons and materials. By expanding our warehouse and adding close to 5,000 pallet locations, we will be able to conduct our operations with more efficiency and with better financial controls." -Jeff Bedard, President and CEO of Crown. About Crown Laboratories, Inc. Crown, a privately held, fully integrated global skincare company, is committed to developing and providing a diverse portfolio of aesthetic, premium and therapeutic skincare products that improve the quality of life for its consumers throughout their skincare journey. An innovative company focused on skin science for life, Crown's unyielding pursuit of delivering therapeutic excellence and enhanced patient outcomes is why it has become the leader in dermatology and aesthetics. Crown has been listed on the Inc. 5000 Fastest Growing Privately Held Companies List for eight years and has expanded its distribution to over 38 countries.

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MANUFACTURING TECHNOLOGY

Zonit Launches the World's Best Automatic Transfer Switch for Industrial & Commercial Applications

Zonit Structured Solutions | August 04, 2022

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Spotlight

If your design doesn’t work in the real world, it’s a failure - a basic principle that every good designer understands. It’s also the primary reason physical prototyping has traditionally played an important role in the product development process for manufacturers. Prototyping allows manufacturers to physically test a new design to failure, gain insight into real-world performance and ensure that major design flaws are identified and mitigated before the final product ships.

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