Paragraf acquired new manufacturing facility to boost production capabilities

Paragraf has announced a second manufacturing site in Huntingdon, Cambridgeshire, UK.    

The new site will allow Paragraf to massively increase the size of its clean room facilities and other manufacturing areas while providing additional office space. The Company plans for its staff to begin to move in during the first quarter of 2023 and production is expected to ramp up in the second half of the year. The initial expansion of staff into the Huntingdon facility will enable accelerated development of the research, development and production areas on the current Somersham site to cope with increasing customer demand as fit out of operations at the new site progresses.  

Paragraf’s first site was opened in October 2018 and since then its staff has grown from 12 employees to over 110. The Company’s growth has been financed by over $85 million in capital raised in several venture funding rounds. The business is currently focused on growing revenues from its graphene-based magnetic field and current sensor products. Paragraf will be raising additional funding to accelerate its ongoing product development. 

Simon Thomas, Paragraf CEO, said: “Paragraf has the ambition and proven ability to lead deep-tech graphene development across multiple industries, this new manufacturing facility will enable us to not only meet growing demand for our existing products, but also give us the space to develop new products to fuel our pipeline. The world is just beginning to realize the benefits that graphene-based electronics can bring to a wide range of applications from quantum computing through to electric vehicle power trains. There are massive opportunities for us to help alleviate global problems using graphene to, for example, reduce energy usage, boost product performance, improve safety, accelerate diagnosis in healthcare, and build next-generation advanced material semiconductor technologies.” 

Posted: Feb 22,2023 by Roni Peleg