SOLON,
Ohio, Dec. 3, 2024 /PRNewswire/ -- Eagle
Electronics, a new leader in high-tech electronics and cellular
module production, is proud to announce it has raised $14mm, led by
the O.H.I.O. Fund with participation from Asymmetric Capital
Partners, to establish cutting-edge manufacturing technology and
operations in Solon, Ohio, in
partnership with CO-AX Technology. This strategic initiative marks
a significant milestone in the company's commitment to onshoring
the advanced high-tech supply chain to the United States.
"This is a major moment for Eagle and our vision of onshoring
and securing America's critical technologies," said TJ Dembinski,
Co-Founder & CEO of Eagle Electronics. "Our goal is to set a
new standard for electronics manufacturing in the U.S., combining
the most advanced automated manufacturing and testing technology
with rigorous hardware and software cyber-security testing
throughout the supply chain. This offering will allow Eagle to
onshore critical knowledge and essential technologies, all while
continuing to cement the United
States' leadership in the chip industry."
Eagle Electronics' new facility aims to be the most advanced
electronics manufacturing plant in the
United States, leveraging cutting-edge surface-mount
technology manufacturing equipment. The Solon, Ohio manufacturing operation is
also expected to create numerous jobs in Ohio, further establishing the state as a key
player in the U.S. semiconductor industry. Ohio's Lieutenant Governor, Jon Husted, added, "Eagle is further proof that
Ohio is becoming one of the
world's leading semiconductor manufacturing hubs. With the addition
of Eagle, we're bringing more jobs in this sector to Northeast Ohio, reinforcing our commitment to
the 'Made in Ohio' strategy."
Eagle is already seeing demand for American-made cellular
modules and has signed up several customers. Boston-based Cherish has contracted with Eagle
to advance its goal of sourcing components for its health and
safety monitoring products manufactured in the communities where
its customers live. Sumit Nagpal,
Cherish's Founder & CEO, said, "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, in this case, cellular modules manufactured in the
U.S.A. This is good for us, our
customers, and the communities we serve."
"Our partnership with Cherish Health demonstrates the market's
confidence in our ability to deliver high-quality, state-of-the-art
cellular modules," added Mark
Kvamme, Eagle's Co-Founder & Chairman. "We look forward
to expanding our customer base as we ramp production and continue
to innovate in the cellular module and electronics manufacturing
spaces."
To achieve this goal, Eagle's first onshoring partner is
Quectel, a global IoT solutions provider. Norbert Muhrer, Quectel's President and CSO,
commented on the Eagle relationship, "Some customers need access to
cellular modules that are made in the
United States. 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 and we're thrilled to be part of
bringing production jobs back to the U.S."
Eagle is also partnering with Finite State, a leader in software
supply chain security, to produce, compile, and audit all firmware
for Eagle devices domestically. Former Head of the CIA Directorate
of Science & Technology and Eagle Board Member, Dawn Meyerriecks, says of this arrangement,
"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.
We believe our approach will be the most secure offering in the
market."
About Eagle Electronics
Eagle Electronics is an
electronics manufacturing company dedicated to onshoring the
manufacturing of critical technologies in the United States. By focusing on
state-of-the-art manufacturing and strategic partnerships, Eagle
Electronics is committed to building a geopolitically resilient and
secure technology supply chain.
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SOURCE Eagle Electronics