Last week, we announced the official relocation of our headquarters to Chandler, AZ by celebrating this milestone with a ribbon cutting ceremony with Arizona Governor Katie Hobbs, Chandler Mayor Kevin Hartke, and other Arizona business and community leaders.
Our 150,000 square-foot, state-of-the-art tech and innovation facility will also now serve as an office to anchor operations, as well as provide space for both engineering and manufacturing.
While this is a new corporate-level development, our ties to Arizona are long-standing, as we have supported commercial and defense and government customers local to the area for over 25 years.
The relocation reinforces proximity to our customers, which include the Department of Defense, humanitarian agencies, satellite service providers, cruise lines, emergency response agencies and some of the largest cellular carriers in the country. It also puts us in a superior position to take advantage of a thriving technological community.
With a presence in Chandler, we’re able to capitalize on opportunities that are inherent to the city and surrounding communities. Chandler, and the broader Phoenix area, is robust from an economic perspective. In 2023, the number of tech jobs in Arizona increased nearly 4% from the previous year and is already experiencing another 3% increase in 2024 so far. These numbers are projected to keep climbing, with an expected 9% growth in tech jobs by 2028.
The new Chandler location also places Comtech in close proximity to potential suppliers, including semiconductor manufacturers. Since 2020, upwards of 35 companies in the semiconductor industry—e.g., Intel, Microchip, NXP—have announced plans to expand or relocate to Arizona. Establishing Comtech down the road from cutting-edge chip development will also help us quickly modernize our own solutions that are reliant on these chips.
We look forward to elevating our business within this thriving metropolis, and have full confidence that this relocation will help us capitalize on the ever-growing communications market.
Declaraciones prospectivas
Cierta información contenida en esta entrada del blog contiene afirmaciones que son de naturaleza prospectiva e implican ciertos riesgos e incertidumbres significativos. Los resultados y el rendimiento reales podrían diferir sustancialmente de dicha información prospectiva. Los documentos presentados por la empresa ante la Comisión del Mercado de Valores identifican muchos de estos riesgos e incertidumbres. Cualquier información de carácter prospectivo contenida en este comunicado de prensa se ve matizada en su totalidad por los riesgos e incertidumbres descritos en dichos documentos de la Comisión de Bolsa y Valores.
