NanoMech announced it has purchased its existing factory and will build an adjoining 25,000 square-foot facility in east Springdale, tripling its size and making room for more than two dozen new jobs by late summer.
“The new factory and expanded headquarters will provide for approximately 25 to 50 new jobs for world-class scientists and support staff,” said CEO Jim Phillips said in a statement. “The space will also allow us to meet current demand for our products while advancing ongoing research and development efforts.”
Incorporating cutting edge assembly lines and laboratories, this new expanded facility will also furnish the latest technologies in security, environmental and safety systems for handling advanced manufacturing and military projects.
A secure wall and security fencing enclosing the campus are also part of the building plans. While the new facility will connect to the existing building, the company has purchased the adjacent 7.3 acre tract for future development providing the company with the ability to expand on a contiguous 9 acre campus.
NanoMech chose Miller Boskus Lack Architects, P.A. of Fayetteville to design the new headquarters factory and labs. The architectural plans are complete and construction is expected to be begin in the coming weeks. The new factory and headquarters is expected to be fully operational by later this summer.
”This advanced facility will allow us to accelerate the development and commercialization of innovative products that people have only dreamed of before,” said Dr. Ajay P. Malshe, NanoMech Founder and chief technology officer said. “Aggressive demand for our technology suggests the need for rapid scale-up production to meet government and private sector orders for our breakthrough products."
NanoMech, founded in 2002, is the result of a successful public/private partnership (PPP) between the private sector, Arkansas, the University of Arkansas, and the federal government. State and city officials worked alongside company leadership to make the company’s new global campus become a reality.
“Projects like the NanoMech expansion show that the city is open for business and interested in helping companies grow and expand,” said Springdale Mayor Doug Sprouse.
Gov. Mike Beebe and Grant Tennille, executive director of the Arkansas Economic Development Commission, have actively supported technology growth in Northwest Arkansas, according to the release from NanoMech. They regularly cite the partnership between NanoMech, the University of Arkansas and the private sector as a model for public/private partnership (PPP) success.
“NanoMech is at the forefront of an industry estimated to have a multi-trillion dollar impact on the global economy over the next decade,” Tennille said in the statement. “This expansion signifies to the industry that NanoMech is one of the world’s leading companies and we believe they will continue to create important, knowledge-based jobs and attract the best scientists from the international stage.”