Markforged, Watertown, Massachusetts, USA, reports that Greg Mark, the company’s Director and co-founder, has resigned his positions as member of the board of directors and as an employee, effective December 29, 2021.
Shai Terem, president and CEO at Markforged stated, “We are extremely grateful for Greg’s significant contributions to Markforged since founding the company in 2013. Greg established a truly innovative company with revolutionary technology that will continue to thrive as we pursue our mission to reinvent manufacturing and enable our manufacturing customers to move to robust production at the point of need. We wish Greg success in his future endeavours.”
The company has also announced its plans to relocate its global headquarters to Waltham, Massachusetts, a move which will unite Markforged employees who have been working from two different facilities in Watertown in one location at 60 Tower Road, and nearly doubling the company’s footprint in an effort to enable further growth.
The new headquarters, expected to be completed in Q3 2022, will occupy 11,148 m2 (120,000 ft2) across four floors and can accommodate over 500 team members and features an interactive product showroom that will create a collaborative environment for Markforged employees. The company also hopes to build engineering facilities and laboratories for its teams to continue delivering the accelerated and innovative product roadmap around hardware, software, and consumables that make up the Digital Forge.
Terem added, “I am very proud of our team’s successes over the last year and the momentum that we’re building. We continue to grow and accelerate our product roadmap, and are seeing demand for our newest products, like the FX20. Our rapidly growing team has nearly doubled in 2021, and this headquarters relocation is a natural next step that will enable us to create a state-of-the-art space for our employees, our partners, and our customers to experience what Markforged is all about.”
Additionally, as Markforged looks to meet demands for its products, it will also nearly double the size of its Billerica, Massachusetts, based filament manufacturing facility in 2022 by adding around 2, 000 m2 (22,000 ft2), bringing the total footprint to some 4,300 m2 (46,000 ft2). Markforged anticipates the completion of this expansion by the end of next year.
“As we introduce new products like the FX20 to the marketplace, we are excited to invest in the company to meet customer demand,” commented Matt Gannon, VP, Operations at Markforged. “This new space will better position Markforged to scale our consumables processes and lay the foundation for new materials development.”