Analog Devices Moves Innovation Lab to Boston
09 Maggio 2017 - 3:00PM
Business Wire
Analog Devices, Inc. (ADI) today announced it is relocating and
expanding its “Analog Garage” innovation center and corporate
incubation laboratory from its current location in Cambridge, Mass.
to downtown Boston. This move supports the Company’s commitment to
growth through innovation as the new facility will accommodate an
additional 80-140 hires and drive the development of new
technologies and solutions.
“The Analog Garage is the cornerstone of our long-standing
belief in taking creative risks to solving customer challenges,”
said Vincent Roche, CEO, Analog Devices. “By moving those
operations to Boston, the Garage will benefit from close proximity
to Boston’s burgeoning innovation hub and allow us to more easily
connect with entrepreneurs, partners, clients and prospective
employees.”
In addition to providing the additional space and resources for
employees to conceptualize and test new ideas, the Analog Garage
provides critical resources for early stage ventures to accelerate
their own disruptive ideas. Through mentoring and strategic
partnerships, the Analog Garage collaborates with academic
institutions and entrepreneurs developing offerings in sensors,
machine learning, security, energy harvesting, energy storage and
signal processing based solutions across multiple industries.
“Analog Devices has been a leader in Greater Boston's
economy and the high-tech industry for over 50 years, and I am
pleased to welcome them to the City of Boston and our ever-growing
innovation ecosystem,” said John F. Barros, Chief of Economic
Development, City of Boston. “The Boston region's network of
talent, higher education institutions, and established entrepreneur
community is unmatched, and I look forward to seeing
the Analog Garage team capitalize on these resources and
continue to produce creative and disruptive ideas.”
Occupying 25,000 sq. ft. in the newly renovated 125 Summer
Street building overlooking South Station & the Greenway, the
new Garage space is considerably larger than the current location
and is conveniently located to public transport and major highways.
TransWestern brokered the lease for Analog Devices with Oxford
Properties Group, managers of 125 Summer Street.
Analog Devices anticipates a September occupancy at the Summer
Street location. For more information about Analog Garage, please
visit: www.analog.com/garage
About Analog DevicesAnalog Devices (NASDAQ: ADI) is the
leading global high-performance analog technology company dedicated
to solving the toughest engineering challenges. We enable our
customers to interpret the world around us by intelligently
bridging the physical and digital with unmatched technologies that
sense, measure, power, connect and interpret.
Visit http://www.analog.com.
This release may be deemed to contain forward-looking statements
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, among other things, our
statements regarding the expected benefits and timing of the
expansion and relocation of Analog Garage, anticipated hiring
efforts and expected advances in our technologies, solutions and
product development efforts and offerings, that are based on our
current expectations, beliefs, assumptions, estimates, forecasts,
and projections about the industry and markets in which Analog
Devices operates. The statements contained in this release are
not guarantees of future performance, are inherently uncertain,
involve certain risks, uncertainties, and assumptions that are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed in such forward-looking
statements, and such statements should not be relied upon as
representing Analog Devices' expectations or beliefs as
of any date subsequent to the date of this press release. Important
factors that could cause actual results to differ materially from
the results described, implied or projected in any forward-looking
statements include delay in the occupancy of the Summer Street
location, difficulty or delay in our design, development,
production and marketing of products, technologies and solutions,
including those associated with Analog Garage and other risk
factors described in our most recent filings with
the Securities and Exchange Commission. We do not undertake
any obligation to update forward-looking statements made by us.
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version on businesswire.com: http://www.businesswire.com/news/home/20170509005175/en/
Analog Devices, Inc.Karen Marinella Hall, 781-461-3549Manager,
External
CommunicationsKaren.MarinellaHall@analog.comorFleishmanHillardAmy
Thompson, 617-692-0508amy.thompson@fleishman.com
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