EBR Systems, Inc. (ASX:EBR) Expands Manufacturing Facility
New Facility Lease Agreement
EBR Systems, Inc. (ASX: EBR) has signed an 11-year lease for a 51,000 square foot (4,751 sqm) facility in Santa Clara, California. This expansion significantly increases the company’s manufacturing footprint under favourable terms, aimed at accommodating future growth for its wireless cardiac pacing device, WiSE.
Future Growth Plans
The new facility will enable EBR to enhance its manufacturing scale and capabilities. The company plans to complete the upgrade and required qualifications for this new site progressively and expects the transition to finish during the first half of 2026.
Financial Implications
Rent for the facility will begin in January 2026, starting at a reduced rate for initial square footage, reaching the full amount in the fourth year. The landlord will finance approximately US$4 million in tenant improvements, with EBR budgeting an additional US$1.3 million for furniture, equipment, and contingencies.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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