Mobix Labs Announces Acquisition of J-Mark Connectors Inc. to Boost Revenue and Expand Military Aerospace Footprint
20 August 2024 - 2:00PM
Business Wire
Mobix Labs Inc. (Nasdaq: MOBX), a leader in advanced
connectivity solutions, today announced the intent to acquire
J-Mark Connectors Inc. This acquisition is expected to
significantly enhance Mobix Labs’ sales strategy and boost gross
margins, particularly in the high-demand military, aerospace, and
defense sectors. The addition of J-Mark’s expertise strengthens
Mobix Labs' position, elevating our market presence, enhancing
customer access, and securing major accounts in the aerospace and
defense industries.
“We are excited to welcome J-Mark Connectors Inc. to the Mobix
Labs family,” said Fabian Battaglia, CEO of Mobix Labs. “This
acquisition significantly strengthens our sales strategy and
enhances our market presence in the military, aerospace, and
defense sectors. By combining our expertise, we’re well-positioned
to secure major accounts and boost gross margins, driving
sustainable growth for our customers and stakeholders.”
With this acquisition, Mobix Labs aims to leverage J-Mark’s
proven success in sales expansion and customer retention,
particularly within the aerospace and defense markets. The
integration of J-Mark’s expertise in EMI interconnect solutions
will significantly enhance Mobix Labs’ product portfolio, enabling
us to meet the most demanding filtering, grounding, and transient
suppression requirements in aerospace, military, and medical
sectors. Additionally, J-Mark will help expand our EMI Interconnect
Solutions offerings by adding supporting hardware that complements
our existing Filtered Connector products.
While the financial terms of the acquisition remain undisclosed,
this strategic move aligns with Mobix Labs’ commitment to driving
growth and increasing value for its customers and stakeholders. The
acquisition of J-Mark Connectors Inc. is expected to contribute to
immediate revenue growth and margin improvement, solidifying Mobix
Labs’ position as a leader in advanced semiconductor and EMI
interconnect solutions.
Mobix Labs is expected to complete the acquisition of J-Mark
Connectors Inc. in August 2024.
Mobix Labs’ focus moving forward is advancing EMI interconnect
solutions to enhance performance and reliability in aerospace,
military, and medical sectors. We offer a wide range of products,
including Flex Assemblies, EMI Filtered Connectors, EMI Filter
Modules, FlexFilter Inserts, and Cable Assemblies, all designed to
meet the toughest standards. These configurable solutions are
tailored to ensure robust operation in the most demanding
environments.
About Mobix Labs
Based in Irvine, California, Mobix Labs is a fabless
semiconductor company delivering advanced wireless and wired
connectivity, RF, switching and filtering technologies for
next-generation communication systems. Our solutions support
aerospace, defense, 5G, medical, industrial and other
high-reliability markets. We specialize in electromagnetic
interference (EMI) solutions for secure aerospace GPS systems,
optical cables for high-speed interconnect and AI datacenters,
mmWave radar and imaging for commercial applications, ensuring high
performance and reliability in demanding applications. Visit
mobixlabs.com and follow us on LinkedIn.
Mobix Labs, the logo, are among the trademarks of Mobix Labs.
Other trademarks are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about capturing
additional opportunities in the future, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement, such as Mobix Labs’ ability to close the J-Mark
Connectors Inc. acquisition pursuant to the terms of the Business
Combination Agreement entered into by and between the parties,
deliver parts or to develop technology in connection with the
systems provided by J-Mark Connectors Inc. to its customers. In
some cases, forward-looking statements can be identified by words
or phrases such as “may,” “will,” “expect,” “anticipate,” “target,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. All
information provided in this press release is as of the date of
this press release, and Mobix Labs undertakes no duty to update
such information, except as required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240820407951/en/
Media Contact: Jeff Fox, The Blueshirt Group
jeff@blueshirtgroup.com
Investor Contact: Lori Barker, The Blueshirt Group
lori@blueshirtgroup.com
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