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EBR Systems, Inc. Shs Chess Depository Interests Repr 1 Sh ( (AU:EBR) ) has provided an update.
EBR Systems, Inc. announced the signing of an 11-year lease for a new 51,000 square foot facility in Santa Clara, California, aimed at expanding its manufacturing capabilities. This strategic move is intended to accommodate the company’s growth, particularly for its WiSE technology, ensuring operational flexibility and enhancing research, development, and production capacities. The transition to the new facility is expected to be completed by the first half of 2026, with phased rental payments and significant funding for improvements, signaling a positive impact on stakeholders, including shareholders, employees, and future customers.
More about EBR Systems, Inc. Shs Chess Depository Interests Repr 1 Sh
Silicon Valley-based EBR Systems (ASX: EBR) is dedicated to the treatment of cardiac rhythm disease through its proprietary Wireless Stimulation Endocardially (WiSE) technology. This technology provides wireless cardiac pacing, eliminating the need for leads in cardiac rhythm disease management. The company’s initial products focus on cardiac resynchronization therapy for heart failure patients, with potential future applications in bradycardia and other indications.
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