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Mobix Labs (MOBX) Plans Facility Expansion, Names New General Manager
Yahoo Finance· 2026-01-16 15:26
Group 1 - Mobix Labs, Inc. (NASDAQ:MOBX) is recognized as one of the best semiconductor penny stocks to buy currently [1] - The company has appointed Amir Asvadi as the General Manager for its EMI product line and defense manufacturing operations, leveraging his extensive experience in the defense and aerospace sectors [1][2] - Mobix Labs is expanding its defense manufacturing facilities and aims to grow its EMP product line, with Asvadi's leadership expected to enhance operational execution [2] Group 2 - The company plans to relocate to a larger, military-approved facility to increase production capacity and meet rising demand [3] - This new facility will consolidate the company's West Coast operations, improving production, manufacturing, and overall operational efficiency [3] - Mobix Labs specializes in advanced connectivity solutions for aerospace, defense, AI, and 5G infrastructure markets [4]
Mobix Labs Powers Up U.S. Defense Operations: Veteran Defense GM Takes the Helm; Bigger Military-Approved Facility Expansion Planned
Globenewswire· 2026-01-05 12:00
Core Viewpoint - Mobix Labs is expanding its defense manufacturing capabilities by transitioning to a larger, military-approved facility and appointing Amir Asvadi as General Manager to lead its EMI product line and defense operations [1][4][6] Group 1: Leadership and Management - Amir Asvadi has been appointed as General Manager, bringing extensive experience in defense and aerospace markets, having previously held senior leadership roles in publicly traded companies [3][4] - The CEO of Mobix Labs, Phil Sansone, emphasized Asvadi's operational focus and leadership experience as crucial for executing the company's expansion plans effectively [4][6] Group 2: Facility Expansion - Mobix Labs plans to move into a larger, military-approved facility to consolidate its West Coast operations, which aims to streamline production and improve operational efficiency [4][5] - The expansion is seen as a vital step to increase throughput and enhance responsiveness for customers who depend on reliable production and delivery [5][6] Group 3: Market Position and Demand - Mobix Labs supports critical defense applications, with its EMI product line being integral to various military platforms, including the US F-35 Lightning and Apache Helicopter [2][6] - The company is experiencing continued momentum in the defense and aerospace sectors, where there is a growing demand for secure, high-reliability technologies [6][7]