Eagle Electronics Launches Cutting-Edge Manufacturing Facility with $14 Million Funding
Eagle Electronics, the emerging leader in electronics manufacturing, recently announced a milestone achievement as it raises $14 million in funding to establish a cutting-edge facility in Solon, Ohio. This initiative is supported by significant investments from the O.H.I.O. Fund and Asymmetric Capital Partners, highlighting the increasing importance of localizing the production of advanced electronic components. The focus of the new manufacturing plant will be to incorporate state-of-the-art technologies and secure the supply chain for critical technologies produced within the United States.
CEO and Co-Founder TJ Dembinski emphasized the strategic vision behind this venture, stating, "This is a major moment for Eagle and our vision of onshoring and securing America's critical technologies." Eagle Electronics aims to raise the bar for electronics production in the U.S. by integrating the latest automated manufacturing and rigorous cybersecurity measures throughout their processes. This initiative is not only about profitability; it's about reinforcing the United States' leadership in the semiconductor sector and bolstering national security for technology.
The newly established facility will incorporate the latest surface-mount technology manufacturing equipment, positioning it to become the most advanced electronics manufacturing plant in the nation. This development, apart from signaling a new era for Eagle, is also expected to generate numerous job opportunities, thus contributing to Ohio’s growth as a semiconductor manufacturing hub. The Ohio Lieutenant Governor, Jon Husted, corroborated this by stating, "Eagle is further proof that Ohio is becoming one of the world's leading semiconductor manufacturing hubs."
Eagle Electronics has already garnered interest from various companies looking to source locally produced cellular modules. Notably, Boston-based Cherish has engaged with Eagle, underlining their commitment to sourcing components within the communities they serve. Cherish's CEO, Sumit Nagpal, remarked, "Our customers trust us to invite our products into their homes to monitor the health and safety of loved ones. Our work with Eagle helps deepen this trust with cellular modules manufactured in the U.S.A." This collaboration reflects the demand for American-made technology and accommodates the growing market for products that prioritize safety and security.
Moreover, Eagle's collaboration with Quectel, a prominent global IoT solutions provider, stands as a testament to the increasing confidence in domestic manufacturing. The partnership aims to provide clients with access to U.S.-made and security-certified cellular modules, directly addressing a crucial market need. Norbert Muhrer, the president of Quectel, voiced his enthusiasm for the relationship, stating, "We are excited to partner with Eagle Electronics to be able to offer customers the option to procure U.S.-made and cyber-secure modules."
In addition to partnering with Quectel, Eagle has joined forces with Finite State, a leading advocate for software supply chain security. This partnership is set to fortify Eagle's manufacturing output, ensuring that all firmware developed for its devices is produced, compiled, and audited domestically. Dawn Meyerriecks, a former Head of the CIA Directorate of Science and Technology, and now a member of Eagle's board, stated, "Eagle's domestic production, coupled with the company's partnership with Finite State, will go a long way in assuaging security concerns that are inherent with any connected technology."
Eagle Electronics is dedicated to transforming the landscape of high-tech manufacturing in the United States. By focusing on advanced production capabilities and fostering robust partnerships, the company is firmly positioned to secure a resilient and trustworthy technology supply chain. This initiative is not only pivotal for Eagle’s growth but serves as a beacon for the future of American manufacturing, enhancing job creation, bolstering the U.S. economy, and sustaining a competitive edge in the global technology arena.